MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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MNI China Press Digest April 15: A-Shares, Exports, Property

MNI (BEIJING)
BEIJING (MNI)

MNI picks keys stories from today's China press

Policy NewsCentral Bank NewsPBOCHomepageAPACChinaEM Policy NewsEM Policy StoryEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
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Highlights from Chinese press reports on Monday:

  • Some market insiders expect A-shares to rally after the State Council last week published a key guideline for the high-quality development of China's capital market, National Business Daily reported. The last two guidelines published in 2004 and 2014 precipitated bull markets with the Shanghai Composite Index reaching 6,124 points in 2007 and 5,178 points in 2015. The new guideline pledges to build a policy system that supports long-term value investment, encourage state-owned insurance companies’ long-term equity investment by improving their performance evaluation, and improve the investment flexibility of enterprise annuities and personal pensions. The Shanghai Index closed 0.49% down at 3,019.47 on Friday.
  • China’s exports are expected to maintain moderate growth in Q2 despite declining more than expected in March, according to Zhou Maohua, macro researcher at China Everbright Bank. Overseas demand outlook remains positive and business with Belt and Road countries and regional economies has good potential, Zhou added. Exporters will see better growth in Q2 even as firms face uncertainty from rising protectionism in the U.S and EU, Feng Lin, director at Dongfang Jincheng said, adding authorities needed policies to create a stable and predictable market environment for firms.
  • Authorities must improve the “white list” of property projects eligible to receive financial support, according to He Lifeng, vice premier of the State Council, noting lenders need to optimise and speed up loan approval and issuance. During a real-estate investigation tour of Zhengzhou, He said developers should take responsibility to prevent risks and ensure delivery, while city governments need to adjust regulations and policies according to local conditions and ensure the healthy development of the market. (Source: Yicai)
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Highlights from Chinese press reports on Monday:

  • Some market insiders expect A-shares to rally after the State Council last week published a key guideline for the high-quality development of China's capital market, National Business Daily reported. The last two guidelines published in 2004 and 2014 precipitated bull markets with the Shanghai Composite Index reaching 6,124 points in 2007 and 5,178 points in 2015. The new guideline pledges to build a policy system that supports long-term value investment, encourage state-owned insurance companies’ long-term equity investment by improving their performance evaluation, and improve the investment flexibility of enterprise annuities and personal pensions. The Shanghai Index closed 0.49% down at 3,019.47 on Friday.
  • China’s exports are expected to maintain moderate growth in Q2 despite declining more than expected in March, according to Zhou Maohua, macro researcher at China Everbright Bank. Overseas demand outlook remains positive and business with Belt and Road countries and regional economies has good potential, Zhou added. Exporters will see better growth in Q2 even as firms face uncertainty from rising protectionism in the U.S and EU, Feng Lin, director at Dongfang Jincheng said, adding authorities needed policies to create a stable and predictable market environment for firms.
  • Authorities must improve the “white list” of property projects eligible to receive financial support, according to He Lifeng, vice premier of the State Council, noting lenders need to optimise and speed up loan approval and issuance. During a real-estate investigation tour of Zhengzhou, He said developers should take responsibility to prevent risks and ensure delivery, while city governments need to adjust regulations and policies according to local conditions and ensure the healthy development of the market. (Source: Yicai)