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MNI China Press Digest March 6:Liquidity, Trade-In, Investment

MNI picks keys stories from today's China press
MNI (BEIJING)

Highlights from Chinese press reports on Thursday:

  • China should establish a stock market stabilisation fund to provide liquidity during periods of intense volatility, given the economy faces external shocks and domestic pressures this year, said Tian Xuan, delegate at the National People’s Congress. Officials need to clarify the fund's legal status and operating rules, and raise capital through fiscal appropriation, issuing special treasury bonds, participating financial institutions, as well as set up a management committee to carry out daily operations and information disclosure, Tian said. (Source: 21st Century Business Herald)
  • Officials need to consider expanding the national trade-in scheme to include a wider range of products with broad market demand, as well as relax subsidy conditions, said Yin Yanlin, a member of the 14th National Committee of the Chinese People's Political Consultative Conference. China should reduce consumption restrictions while expanding consumer goods imports to maintain domestic purchasing power. (Source: QSTheory.cn)
  • China’s public investment could total CNY31 trillion over the next five years, including funds for upgrading urban areas and supporting migrant workers, according to Zhang Bin, member of the National Committee of the Chinese People's Political Consultative Conference. Zhang, who is also a senior researcher at the China Finance 40 Forum, said the government should focus on public service investment to boost domestic activity as the private sector faces an insufficient demand spiral in the short term. 
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MNI (BEIJING)

Highlights from Chinese press reports on Thursday:

  • China should establish a stock market stabilisation fund to provide liquidity during periods of intense volatility, given the economy faces external shocks and domestic pressures this year, said Tian Xuan, delegate at the National People’s Congress. Officials need to clarify the fund's legal status and operating rules, and raise capital through fiscal appropriation, issuing special treasury bonds, participating financial institutions, as well as set up a management committee to carry out daily operations and information disclosure, Tian said. (Source: 21st Century Business Herald)
  • Officials need to consider expanding the national trade-in scheme to include a wider range of products with broad market demand, as well as relax subsidy conditions, said Yin Yanlin, a member of the 14th National Committee of the Chinese People's Political Consultative Conference. China should reduce consumption restrictions while expanding consumer goods imports to maintain domestic purchasing power. (Source: QSTheory.cn)
  • China’s public investment could total CNY31 trillion over the next five years, including funds for upgrading urban areas and supporting migrant workers, according to Zhang Bin, member of the National Committee of the Chinese People's Political Consultative Conference. Zhang, who is also a senior researcher at the China Finance 40 Forum, said the government should focus on public service investment to boost domestic activity as the private sector faces an insufficient demand spiral in the short term.