March 19, 2025 01:58 GMT
MNI China Press Digest March 19:HKE, Inclusive Finance, Stocks
MNI picks keys stories from today's China press
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MNI (BEIJING)
Highlights from Chinese press reports on Wednesday:
- Hong Kong stock exchange IPOs will continue rising as international long-term investors return in large numbers, Yicai.com reported, citing Wang Yajun, co-head of Asia equity capital markets at Goldman Sachs. In total 11 companies have completed IPOs since 2025, raising a net HKD12.8 billion, 6.7 times higher than the same period last year, the newspaper said.
- China’s inclusive finance-prosperity index reached 48.99 points in February, up 0.03 points from January, driven by overlapping holiday and policy effects boosting small enterprise confidence, Securities Daily reported. The business prosperity sub-index increased across nine out of 11 industries including transportation, warehousing and postal sectors. The index is compiled by institutions such as the China Economic Information Service and China Banking Association and assesses inclusive financial services to all segments of society, including small firms, rural populations and low-income individuals.
- China’s AI and tech sector-led stock market recovery was further consolidated by rising consumption and financial stocks since March, a trend expected to continue fuelling asset revaluation going forwards, Shanghai Securities News reported. Domestic investors have increased their total number of newly opened A-share accounts to 2.84 million in February, up from 1.57 million in January, the newspaper said, noting foreign capital also flowed in. The total market value of A-share listed companies reached a record high of CNY103.3 trillion as of Tuesday, the newspaper added.
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