MNI China Press Digest June 15: Employment, Yuan, SME Listing

Highlights from Chinese press reports on Thursday:

• The Ministry of Human Resources said officials will prioritise stabilising employment for women, youth and the elderly in upcoming policy support, according to 21st Century Herald. A spokesperson interviewed by the paper said efforts were needed to improve rights for women in the workplace, and the ministry will endeavour to expand jobs for college graduates. China must ensure it improves labour mobility by improving access to public services, affordable housing, medical services and basic education.
• China’s currency may appreciate in the second half of the year as the country's relatively strong economic fundamentals become important factors, according to Lian Ping, chief economist and research institute of Zhixin Investment. Writing in Yicai, Lian said the economy in H2 will display relative strength in consumption, investment and exports, and he expects a steady recovery of industrial production with favourable policies for private enterprises. Exporters are increasing trading with RCEP partners, a factor that could create an export rebound in Q4.
• The Beijing stock exchange will encourage high quality SME firms to list this year in an upcoming policy plan, according to Yicai. The paper said Beiing authority makers see boosting stock market liquidity as the main challenge, with policy makers also planning developments to margin trading and market price finding mechanisms. Experts said the government will focus on supporting small firms in the high-end manufacturing and information technology sector to seek listing and expand their access to capital markets. (Source: Yicai)