Free Trial

China should speed up the transfer of...>

CHINA PRESS
CHINA PRESS: China should speed up the transfer of shares in State-Owned
Enterprises (SOE) to social security funds as the epidemic weighs on fiscal
revenues in 2020, China Securities Journal reports. Citing Wen Zongyu, director
of the Public Capital Research Center under the Chinese Academy of Fiscal
Sciences, the report said the government should use dividends from those shares
as soon as possible and establish a national coordination mechanism to help
regions experiencing economic hardship. China transferred CNY 1.3 trillion's
worth of shares in SOEs to social security funds in 2019, according to the
Journal. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.