MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

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

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (2/2)

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (1/2)

MNI: US MAR NEW HOME SALES +8.8% TO 0.693M SAAR

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 Mar 26: PBOC, Demand, Foreign Firms

MNI (Singapore)
MNI (Beijing)

MNI picks key stories from today's China press

Policy NewsCentral Bank NewsPBOCHomepageBond Market NewsAPACChinaEM Policy NewsEM Policy StoryEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
True

Highlights from Chinese press reports on Tuesday:

  • The People’s Bank of China will strengthen countercyclical adjustments and take maintaining price stability and promoting a moderate price rebound as important considerations, said PBOC Governor Pan Gongsheng at the China Development Forum. Ample policy space and a rich reserve of tools exists, he said. Pan added there have been some positive signals in the real-estate market, and volatility has had limited impact on the financial system. (Source: PBOC Website)
  • China will focus on combining expanding domestic demand with supply-side structural reform to promote steady growth, Securities Times reported citing advisors. Fiscal resources including CNY4.06 trillion of deficits, CNY3.9 trillion of local government special bonds and CNY1 trillion of ultra-long-term special treasury bonds, should be used to support technological innovation, industrial transformation and infrastructure investment to boost demand, said Wang Yiming, vice chairman of the China Center for International Economic Exchanges.
  • Policymakers will support international firms to establish R&D centres in China and encourage partnerships with domestic companies, according to Jin Zhuanglong, minister of Industry and Information Technology. Speaking at the China Development Forum, Jin said foreign companies have an important role in stabilising China's industrial growth and promoting high-quality development. The government would provide better services and guarantees for scientists, entrepreneurs, and investors from various countries to innovate and start businesses in China, Jin added. (Source: 21st Century Business Herald)
234 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 Tuesday:

  • The People’s Bank of China will strengthen countercyclical adjustments and take maintaining price stability and promoting a moderate price rebound as important considerations, said PBOC Governor Pan Gongsheng at the China Development Forum. Ample policy space and a rich reserve of tools exists, he said. Pan added there have been some positive signals in the real-estate market, and volatility has had limited impact on the financial system. (Source: PBOC Website)
  • China will focus on combining expanding domestic demand with supply-side structural reform to promote steady growth, Securities Times reported citing advisors. Fiscal resources including CNY4.06 trillion of deficits, CNY3.9 trillion of local government special bonds and CNY1 trillion of ultra-long-term special treasury bonds, should be used to support technological innovation, industrial transformation and infrastructure investment to boost demand, said Wang Yiming, vice chairman of the China Center for International Economic Exchanges.
  • Policymakers will support international firms to establish R&D centres in China and encourage partnerships with domestic companies, according to Jin Zhuanglong, minister of Industry and Information Technology. Speaking at the China Development Forum, Jin said foreign companies have an important role in stabilising China's industrial growth and promoting high-quality development. The government would provide better services and guarantees for scientists, entrepreneurs, and investors from various countries to innovate and start businesses in China, Jin added. (Source: 21st Century Business Herald)