The headline of the readout is “CPC Central Committee Political Bureau Holds Meeting to Analyze and Research 2025 Economic Work, Study and Deploy Party Conduct, Clean Governance and Anti-Corruption Work, CPC General Secretary Xi Jinping Presides Over Meeting -中共中央政治局召开会议 分析研究2025年经济工作 研究部署党风廉政建设和反腐败工作 中共中央总书记习近平主持会议”.I have done a quick translation of the official readout and highlighted several terms that seem interesting. Hong Kong stock market investors got very excited after the release of the readout, I think because of language like “implement more active macro policies, expand domestic demand”, “stabilize the real estate and stock markets” and “we should implement more active fiscal policy and moderately loose monetary policy, enrich and improve the policy toolbox, strengthen counter-cyclical regulation beyond normal measures, implement a combination of policies, and improve the forward-looking, targeted, and effective nature of macro-control. We must vigorously boost consumption, improve investment efficiency, and expand domestic demand in all aspects”. Bloomberg reported that the last time the Politburo used “moderately loose monetary policy 适度宽松的货币政策” was in 2008 during the global financial crisis. The section on Party conduct, clean governance and anti-corruption work is also interesting. Unsurprisingly the “meeting emphasized the need to strengthen Party leadership over economic work and ensure the implementation of various Central Committee decisions and deployments”. The Politburo also said discipline and inspection organs “must focus on strengthening political supervision to safeguard the "Two Upholds," strictly enforce political discipline and rules, include the implementation of major reforms in supervision, inspection, and inspection content, and ensure reform progresses smoothly through effective supervision”.