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MNI China Press Digest Feb 25: Private Sector, CSRC, DeepSeek

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

Highlights from Chinese press reports on Tuesday:

  • China’s private firms face challenges such as access to credit, hidden barriers in monopolistic industries and poorer access to government relations, said Liu Junhai, professor of the Law School of Renmin University of China, following the NPC Standing Committee's second review of the draft law on promoting the private economy. The introduction of the law will be a key pillar for building a private sector friendly normative legal system, Liu added. Cong Yi, vice president at the Tianjin Municipal Party School, said non-public enterprises cannot follow the old ways and be content with small gains, and instead need innovation to maintain vitality.
  • China’s capital market will support the financing of high-quality enterprises in new industries, technologies, and business models, according to an article written by China Securities Regulatory Commission Chairman Wu Qing. The CSRC will enrich the supply of green financial products, promote the listing, merger and acquisition of tech firms, as well as improve private placement and venture capital, according to Wu.
  • China’s SOEs are becoming large customers of devices with a local storage of DeepSeek, a market expected to exceed CNY500 billion in 2027, according to 21st Century Business Herald. Customers want localised storage to integrate DeepSeek with their business processes and protect internal data from being leaked, features suited to state-owned enterprises, military and medical industries.
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MNI (BEIJING)

Highlights from Chinese press reports on Tuesday:

  • China’s private firms face challenges such as access to credit, hidden barriers in monopolistic industries and poorer access to government relations, said Liu Junhai, professor of the Law School of Renmin University of China, following the NPC Standing Committee's second review of the draft law on promoting the private economy. The introduction of the law will be a key pillar for building a private sector friendly normative legal system, Liu added. Cong Yi, vice president at the Tianjin Municipal Party School, said non-public enterprises cannot follow the old ways and be content with small gains, and instead need innovation to maintain vitality.
  • China’s capital market will support the financing of high-quality enterprises in new industries, technologies, and business models, according to an article written by China Securities Regulatory Commission Chairman Wu Qing. The CSRC will enrich the supply of green financial products, promote the listing, merger and acquisition of tech firms, as well as improve private placement and venture capital, according to Wu.
  • China’s SOEs are becoming large customers of devices with a local storage of DeepSeek, a market expected to exceed CNY500 billion in 2027, according to 21st Century Business Herald. Customers want localised storage to integrate DeepSeek with their business processes and protect internal data from being leaked, features suited to state-owned enterprises, military and medical industries.