MNI China Press Digest Feb 20: CSRC, Land Reform, Car Exports

Highlights from Chinese press reports on Tuesday:

• The China Securities Regulatory Commission said it will strictly control IPO access, strengthen firm supervision and quality, and increase investment returns at a recent symposium. CSRC head Wu Qing held in-depth discussions with industry representatives regarding the promotion of high-quality development in the capital market, with a focus on promoting long-term funds and boosting investment value. Participants put forward suggestions to improve market listings, such as shareholding reduction, dividend distribution, and paying more attention to small and medium-sized investors. (Source: Yicai)
• China needs to reform its land management system to more efficiently connect with macro policy and regional development, according to President Xi. Chairing a meeting of the Central Committee for Comprehensive Deepening Reforms, Xi called for improvements to land allocation accuracy, utilisation efficiency, and orderly land development. China must remove restrictions to the deep integration of science and technology with the economy, and promote comprehensive green transformation to solve resource and environmental problems, Xi added. (Source: Yicai)
• China should support automobile firms to produce and operate in foreign markets as a response to increasing tariffs against Chinese car exports, according to Zhao Fujun, director at the Foreign Economic Research Department of the State Council. Zhao said China should deepen cooperation with Belt and Road nations to create strong opportunities for future automobile exports. (Source: Yicai)