MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Press Digest Feb 21: Reforms, Developers, CSRC

MNI (BEIJING)
BEIJING (MNI)

MNI picks keys stories from today's China press

Policy NewsHomepageAPACChinaPolicy StoryStoryRegion
True

Highlights from Chinese press reports on Wednesday:

  • China must reform its economy to stabilise exports while expanding household income as a percentage of GDP, according to Liu Xinghua, director of the China National Innovation and Development Strategy Research Association. China was entering a crucial seven years where it must maintain reasonable economic growth to achieve Beijing's high quality development goals. Liu said working class people would benefit from a better income distribution system and reduced tax burden. Officials need to improve basic guarantees in housing, medical, elderly care, and education. Liu expected the national growth target in 2024 at around 5% despite the 31 provinces setting their weighted average GDP target at 5.4%.
  • China’s efforts to improve developer financing has made progress, with 214 cities issuing "white lists" of real estate projects eligible for financing support covering 5,349 projects, according to the Ministry of Housing and Urban-Rural Development. The move follows authorities' announcement in January of the urban real-estate financing coordination mechanism. In future, commercial banks must report white-list projects they rejected support for to the authorities, and relevant parties must work together to resolve outstanding issues.
  • China Securities Regulatory Commission Chairman Wu Qing focused on stabilising market confidence and promoting long term systems at the regulator's recent symposium, according to experts in attendance. Peng Wensheng, chief economist at the CICC Research Institute, said attendees agreed the market registration system needed reform to protect small and medium investors better and strengthen anti-fraud supervision. Wu Xiaoqiu, dean of the China Capital Market Research Institute, also in attendance, noted the central bank must take measures to stabilise the capital market as regulators have the tools but no funds.
281 words

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.

Highlights from Chinese press reports on Wednesday:

  • China must reform its economy to stabilise exports while expanding household income as a percentage of GDP, according to Liu Xinghua, director of the China National Innovation and Development Strategy Research Association. China was entering a crucial seven years where it must maintain reasonable economic growth to achieve Beijing's high quality development goals. Liu said working class people would benefit from a better income distribution system and reduced tax burden. Officials need to improve basic guarantees in housing, medical, elderly care, and education. Liu expected the national growth target in 2024 at around 5% despite the 31 provinces setting their weighted average GDP target at 5.4%.
  • China’s efforts to improve developer financing has made progress, with 214 cities issuing "white lists" of real estate projects eligible for financing support covering 5,349 projects, according to the Ministry of Housing and Urban-Rural Development. The move follows authorities' announcement in January of the urban real-estate financing coordination mechanism. In future, commercial banks must report white-list projects they rejected support for to the authorities, and relevant parties must work together to resolve outstanding issues.
  • China Securities Regulatory Commission Chairman Wu Qing focused on stabilising market confidence and promoting long term systems at the regulator's recent symposium, according to experts in attendance. Peng Wensheng, chief economist at the CICC Research Institute, said attendees agreed the market registration system needed reform to protect small and medium investors better and strengthen anti-fraud supervision. Wu Xiaoqiu, dean of the China Capital Market Research Institute, also in attendance, noted the central bank must take measures to stabilise the capital market as regulators have the tools but no funds.