The People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission jointly held a press conference yesterday to announce a series of major upcoming policies, according to a report from Citi.While this round of policies is not as historic as the policy package introduced on September 24, 2024, the supportive measures will still help stabilize the real estate sector and small- and medium-sized enterprises, ease the impact of tariffs on export companies, and effectively control non-performing loan risks in the short term.Related NewsSoochow Securities: CN Interest Rate/ RRR Cuts Can Stabilize Domestic Demand, Benefit External Equilibrium; Funding Support for Policy Lenders Via PSL Not Ruled OutFor Chinese banks, improvements in asset quality and enhanced debt sustainability will be key drivers, which are expected to drive up their re-rating, though attention must still be paid to NIM pressure.Driven by these supportive policies, Citi estimated brokers with high sensitivity to average daily turnover (ADT) to be beneficiaries, including East Money (300059.SZ) -0.390 (-1.838%) , GF SEC (01776.HK) -0.160 (-1.493%) Short selling $10.65M; Ratio 16.403% , and CGS (06881.HK) -0.160 (-2.151%) Short selling $25.68M; Ratio 15.194% . However, the broker was more upbeat about CGS compared to East Money.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.) (A Shares quote is delayed for at least 15 mins.)