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MNI China Press Digest Feb 29: Investment, CSRC, Sino-U.S.

MNI (Singapore)
MNI (Beijing)

MNI picks keys stories from today's China press

Policy NewsCentral Bank NewsPBOCHomepageBond Market NewsAPACChinaEM Policy NewsEM Policy StoryEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
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Highlights from Chinese press reports on Thursday:

  • Up to 19 provinces have released their planned investment projects earlier than usual, totalling about CNY10 trillion, with many increasing their investment amounts from 2023, Yicai.com reported. Guangdong and Zhejiang provinces have maintained an annual investment of more than CNY1 trillion, while the number and investment value of projects in Hubei province saw about 45% y/y growth. Some debt-laden areas, such as Guizhou province, have more than halved their investment scale.
  • China Securities Regulatory Commission said it will improve law enforcement efficiency and strengthen judicial protection to help promote the high-quality development of the capital market, according to a statement on its website. In a meeting chaired by CSRC Chairman Wu Qing, advisors suggested increasing the intensity of administrative, civil, and criminal accountability, and the formulation of judicial interpretations on civil compensation for insider trading and market manipulation, to protect the legitimate rights and interests of investors.
  • Beijing wants U.S. firms to invest in China and believes decoupling damages the fundamental interests of both countries, Premier Li Qiang told an American Chamber of Commerce delegation in Beijing. Li expressed hope that entrepreneurs can promote better understanding between the two countries. Additionally, Ren Hongbin, chairman of the China Council for the Promotion of International Trade, told the delegation officials wanted to deepen cooperation and inject positive energy into Sino-U.S. economic relations.
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Highlights from Chinese press reports on Thursday:

  • Up to 19 provinces have released their planned investment projects earlier than usual, totalling about CNY10 trillion, with many increasing their investment amounts from 2023, Yicai.com reported. Guangdong and Zhejiang provinces have maintained an annual investment of more than CNY1 trillion, while the number and investment value of projects in Hubei province saw about 45% y/y growth. Some debt-laden areas, such as Guizhou province, have more than halved their investment scale.
  • China Securities Regulatory Commission said it will improve law enforcement efficiency and strengthen judicial protection to help promote the high-quality development of the capital market, according to a statement on its website. In a meeting chaired by CSRC Chairman Wu Qing, advisors suggested increasing the intensity of administrative, civil, and criminal accountability, and the formulation of judicial interpretations on civil compensation for insider trading and market manipulation, to protect the legitimate rights and interests of investors.
  • Beijing wants U.S. firms to invest in China and believes decoupling damages the fundamental interests of both countries, Premier Li Qiang told an American Chamber of Commerce delegation in Beijing. Li expressed hope that entrepreneurs can promote better understanding between the two countries. Additionally, Ren Hongbin, chairman of the China Council for the Promotion of International Trade, told the delegation officials wanted to deepen cooperation and inject positive energy into Sino-U.S. economic relations.