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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Monday, December 9
MNI China Press Digest, March 7: VAT, Rate Cut, Open Market
BEIJING (MNI) - The following lists highlights from Chinese press reports
on Thursday:
Lowering the VAT rates may reduce taxes by CNY800 billion, a large share of
the CNY2 trillion total, said Economic Information Daily today citing the
calculation by Hu Yijian, professor at the Shanghai University of Finance and
Economics.
Premier Li Keqiang's work report sent a clear signal of rate cuts, the
China Business News said today citing Ming Ming, chief analyst at CITIC
Securities. Ming noted that for the first time in recent years, the annual
report indicated "the authority may use quantitative and price instruments, such
as reserve requirement ratio and interest rates, to guide financial institutions
expanding credit and lowering lending cost," the newspaper reported.
Allowing more foreign banks, insurance and brokerage firms to enter the
Chinese market can play a positive role with little risks, said Shanghai
Securities News citing Guo Shuqing, chairman of the China Banking and Insurance
Regulatory Commission. China has the conditions and experiences for an open and
stable financial market, the newspaper said citing Guo.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]
To read the full story
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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.