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MNI China Press Digest Feb 18: Yuan, Guangdong, Private Sector

MNI picks keys stories from today's China press
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
MNI (BEIJING)

Highlights from Chinese press reports on Tuesday:

  • The yuan is expected to remain around 7.3 against the U.S. dollar in the short-term, according to analysts from CITIC Securities. Market sentiment has improved amid capital inflows to the Chinese stock market driven by DeepSeek, while pressure on China-U.S. interest spreads have eased as the dollar weakened, said Li Liuyang, chief FX analyst at China International Capital Corporation. Regulators will promptly use policy tools to stabilise the yuan should it move sharply in the future or deviate from fundamentals, said Wang Qing, chief macro analyst at Golden Credit Rating. (Source: China Securities Journal)
  • Guangdong province has taken the lead in purchasing vacant land from housing developers using local government special bonds, with nine cities planning to buy 63 plots valued at CNY18.3 billion, Securities Times reported, noting the transactions generally came with a discount of 10-20% on land transfer price. Revitalising the large amount of undeveloped land in cities will help improve the liquidity of developers and stabilise market expectations, the newspaper said, citing analysts.
  • China’s President Xi Jinping called on the Party and state to ensure all forms of ownership have equal access to the nation’s factors of production and can compete fairly. Xi, speaking at a symposium with private sector leaders, said entrepreneurs should show their talents, serve the country and promote common prosperity to support China’s path to modernisation. Officials should address overdue payments to private enterprises and rectify illegal charges and seizures, Xi noted.
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MNI (BEIJING)

Highlights from Chinese press reports on Tuesday:

  • The yuan is expected to remain around 7.3 against the U.S. dollar in the short-term, according to analysts from CITIC Securities. Market sentiment has improved amid capital inflows to the Chinese stock market driven by DeepSeek, while pressure on China-U.S. interest spreads have eased as the dollar weakened, said Li Liuyang, chief FX analyst at China International Capital Corporation. Regulators will promptly use policy tools to stabilise the yuan should it move sharply in the future or deviate from fundamentals, said Wang Qing, chief macro analyst at Golden Credit Rating. (Source: China Securities Journal)
  • Guangdong province has taken the lead in purchasing vacant land from housing developers using local government special bonds, with nine cities planning to buy 63 plots valued at CNY18.3 billion, Securities Times reported, noting the transactions generally came with a discount of 10-20% on land transfer price. Revitalising the large amount of undeveloped land in cities will help improve the liquidity of developers and stabilise market expectations, the newspaper said, citing analysts.
  • China’s President Xi Jinping called on the Party and state to ensure all forms of ownership have equal access to the nation’s factors of production and can compete fairly. Xi, speaking at a symposium with private sector leaders, said entrepreneurs should show their talents, serve the country and promote common prosperity to support China’s path to modernisation. Officials should address overdue payments to private enterprises and rectify illegal charges and seizures, Xi noted.