China monetary policy shift is first in 14 years
Fiscal policy will be more proactive
Stock market jump as policy tone raises optimism
Trump39;s tariff threats a major risk to growth

BEIJING, Dec 9 Reuters China will adopt an appropriately loose monetary policy next year, the first easing of its stance in some 14 years, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying on Monday.

China will step up unconventional countercyclical adjustments, focusing on expanding domestic demand and boosting consumption, state media Xinhua reported, citing a readout of a meeting of top Communist Party officials, the Politburo.

The remarks came ahead of the annual Central Economic Work Conference in the coming days to set key targets and policy intentions for next year.

Stocks jumped and China39;s government bonds rallied following the Politburo meeting readout, with Hong Kong39;s Hang Seng index climbing 2.8 to its highest in a month.

In 2025, authorities must adhere to the principle of pursuing progress while maintaining stability, Xinhua said.

A more proactive fiscal policy and an appropriately loose monetary policy should be implemented, enhancing and refining the policy toolkit, strengthening extraordinary countercyclical adjustments, the readout said.

The housing market and stock market must be stabilised, the Politburo added, without giving details.

POLICY STANCE BEING EASED

The new wording for monetary policy marks…