China’s stock market and government bonds surged today after the Politburo shifted its monetary policy stance to imply more easing is coming. Hong Kong’s Hang Seng index jumped 2.8%. China’s top leadership has announced plans to adopt a “moderately loose” monetary policy and expand fiscal support in 2025, marking its first major policy shift since 2011. The Politburo outlined measures including a more proactive fiscal stance and extraordinary counter-cyclical adjustments to boost the economy. The Central Economic Work Conference, beginning Wednesday, is expected to detail these economic priorities, with analysts suggesting a potential growth target around 5%.