MNI: Japan Nippon Life To Up Yen Bonds, Hedged Foreign Assets

RPT-MNI INTERVIEW: CPI Rent Easing To Continue - Apt List

MNI: Japan Sumitomo Life Eyes 30-Year JGBs Above 2%

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

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Broad-Based IFO Strength Another Sign Of Economic Stabilisation

MNI: ITALY ISTAT APR CONSUMER CONF INDEX  95.2 VS MAR 96.5

MNI: GERMANY APR IFO BUSINESS CLIMATE INDEX 89.4

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 March 28: Steel, Property, Stocks

MNI (BEIJING)
BEIJING (MNI)

MNI picks keys stories from today's China press

Policy NewsCentral Bank NewsPBOCHomepageAPACChinaEM Policy NewsEM Policy StoryEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
True

Highlights from Chinese press reports on Thursday:

  • China’s steel industry faces a turning point as real-estate and infrastructure sectors adjust and new infrastructure, energy and intelligent manufacturing emerge, according to Pan Fujie, director of the China Federation of Iron and Steel Logistics Committee. Looking forward, the steel industry should focus on globally competitive industries such as automobiles and photovoltaics. Industry analysts believe poor terminal demand after the holiday has not motivated steel mills to increase production and replenish raw material stocks, and producers are not optimistic about steel price trends later this year, Yicai added.
  • Beijing city has lifted the homebuying restriction which previously forbid purchase within three years of divorce, a rule introduced in 2021 to stop couples from faking their divorces to buy more homes, 21st Century Business Herald reported. The move came after the State Council executive meeting last week called for optimal housing policies, opening room for further relaxations on the purchase of large houses and suburb homes in the capital, said Chen Wenjing, market research director at China Index Academy. Beijing could also further ease homebuying restrictions for talents, families with multiple children and elderly, Chen added.
  • China should speed up the delisting of unqualified companies in the stock market, said Wu Xiaoqiu, dean of the China Capital Market Research Institute at the Boao Fourm. Wu noted authorities needed to strike a better balance with IPOs and delistings. Many companies concerned accountability have withdrawn their IPO application, which indicated they failed to meet the standards. It is also necessary to improve shareholding reduction rules and allow major shareholders to reduce their holdings only after they have created wealth for society, said Wu. (Source: China Economic Weekly)
287 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 Thursday:

  • China’s steel industry faces a turning point as real-estate and infrastructure sectors adjust and new infrastructure, energy and intelligent manufacturing emerge, according to Pan Fujie, director of the China Federation of Iron and Steel Logistics Committee. Looking forward, the steel industry should focus on globally competitive industries such as automobiles and photovoltaics. Industry analysts believe poor terminal demand after the holiday has not motivated steel mills to increase production and replenish raw material stocks, and producers are not optimistic about steel price trends later this year, Yicai added.
  • Beijing city has lifted the homebuying restriction which previously forbid purchase within three years of divorce, a rule introduced in 2021 to stop couples from faking their divorces to buy more homes, 21st Century Business Herald reported. The move came after the State Council executive meeting last week called for optimal housing policies, opening room for further relaxations on the purchase of large houses and suburb homes in the capital, said Chen Wenjing, market research director at China Index Academy. Beijing could also further ease homebuying restrictions for talents, families with multiple children and elderly, Chen added.
  • China should speed up the delisting of unqualified companies in the stock market, said Wu Xiaoqiu, dean of the China Capital Market Research Institute at the Boao Fourm. Wu noted authorities needed to strike a better balance with IPOs and delistings. Many companies concerned accountability have withdrawn their IPO application, which indicated they failed to meet the standards. It is also necessary to improve shareholding reduction rules and allow major shareholders to reduce their holdings only after they have created wealth for society, said Wu. (Source: China Economic Weekly)