The China A50 index will be at the heart of the markets today with the National Party Congress (NPC) in play

The China A50 index will be at the heart of the markets today with the National Party Congress (NPC) in play. Reports are that we will hear from Premier Li Keqiang, Finance Minister Lou Jiwei and NDRC Xu Shaoshi (all reported to speak at 10:30 AEST). There are a number of reforms expected to be ratified around anti-pollution measures, higher dividends for SEO's (State-owned enterprises) among others, however from a markets perspective traders are keen to see whether there is a change to China's growth target. I feel there will be no change to their target of 'about 7.5%' and while this seems positive on the surface, there is also a negative of keeping the target here. Some are also looking for a widening of the 1% trading band for the CNY.