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MNI China Press Digest Mar 14: Growth, CSRC, Rural E-commerce

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:

  • China must promote structural reforms especially those that can bring short-term expansionary effects to boost economic growth, as macro policies mainly play a stabilising role, said Liu Shijin, member of the monetary policy committee at the central bank. Liu estimates that the impact of macro policies on GDP is about 1 percentage point, while the remaining 4 percentage points depend on technical conditions and the institutional environment. Liu specified that accelerating urban-rural integration to allow migrant workers to settle in cities and enjoy basic urban public services will help expand consumption of middle- and low-income groups. (Source: Quanshang China)
  • China Securities Regulatory Commission will promptly plan policies to strictly control IPO quality, strengthen supervision of listed companies as well as securities, funds and futures firms, China Securities Journal reported citing a CSRC meeting. It will strengthen regulatory accountability, resolutely crack down on financial fraud, fraudulent issuances, market manipulation, insider trading and other illegal activities, and effectively protect the legitimate rights and interests of investors, especially small and medium-sized ones, the CSRC said.
  • Rural areas will receive support to enhance the online economy aimed at improving levels of employment and entrepreneurship in countryside areas, according to the Ministry of Commerce. Authorities will take five years to upgrade the internet and e-selling environment including building 1000 live broadcast bases and training 10,000 e-commerce leaders, the document said. Authorities noted the proposal will help increase farmers incomes and rural revitalisation. (Source: Securities Daily)
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Highlights from Chinese press reports on Thursday:

  • China must promote structural reforms especially those that can bring short-term expansionary effects to boost economic growth, as macro policies mainly play a stabilising role, said Liu Shijin, member of the monetary policy committee at the central bank. Liu estimates that the impact of macro policies on GDP is about 1 percentage point, while the remaining 4 percentage points depend on technical conditions and the institutional environment. Liu specified that accelerating urban-rural integration to allow migrant workers to settle in cities and enjoy basic urban public services will help expand consumption of middle- and low-income groups. (Source: Quanshang China)
  • China Securities Regulatory Commission will promptly plan policies to strictly control IPO quality, strengthen supervision of listed companies as well as securities, funds and futures firms, China Securities Journal reported citing a CSRC meeting. It will strengthen regulatory accountability, resolutely crack down on financial fraud, fraudulent issuances, market manipulation, insider trading and other illegal activities, and effectively protect the legitimate rights and interests of investors, especially small and medium-sized ones, the CSRC said.
  • Rural areas will receive support to enhance the online economy aimed at improving levels of employment and entrepreneurship in countryside areas, according to the Ministry of Commerce. Authorities will take five years to upgrade the internet and e-selling environment including building 1000 live broadcast bases and training 10,000 e-commerce leaders, the document said. Authorities noted the proposal will help increase farmers incomes and rural revitalisation. (Source: Securities Daily)