MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI BRIEF: Japan Q1 GDP Revised Lower On Public Investment

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1265 Mon; -0.32% Y/Y

Quick read of regional prints look for downside risks to national German CPI

MNI: GERMANY NRW JUN CPI +0.1% M/M, +2.2% Y/Y

EUROZONE JUNE MANUFACTURING PMI 45.8 (45.6 FLASH; 45.6 MAY)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Press Digest May 24: Reforms, Tech Listing, Tariffs

MNI (Singapore)
MNI (Beijing)

MNI picks key stories from today's China press

Policy NewsHomepageCentral Bank NewsPBOCAPACChinaStoryBond Market NewsEM Policy NewsEM Policy StoryEM Central Bank NewsPeoples Bank of ChinaPolicy StoryRegion
True

Highlights from Chinese press reports on Friday:

  • China will further deepen reforms comprehensively, improving systems that support innovation and urban-rural integration, to build a high-level socialist market economy, the People’s Daily reported citing President Xi Jinping. Promoting the reform of the economic system must proceed from practical needs and focus on the most urgent matters, Xi emphasised. Authorities should identify key points of reforms from the urgent needs of people, such as employment, income growth, school enrollment, medical treatment, housing, child and elderly care, safety and property security, Xi added.
  • The China Securities Regulatory Commission will give priority to supporting equity and debt financing for companies with key technology breakthroughs, and improve the capital market’s inclusiveness of new industries, new business models, and new technologies, Shanghai Securities News reported citing Zhou Xiaozhou, director of the Comprehensive Department at the CSRC. Tech firms have become the main force in newly listed companies and the market value of strategic emerging industries has increased significantly to exceed 40%, Zhou said.
  • China believes certain countries have violated WTO rules and deviated from green-development principles, He Yadong, spokesperson for the Ministry of Commerce said at a press conference responding to media reports Beijing may retaliate against Western tariffs on Chinese cars. He said countries that introduced restrictive measures on new energy vehicles harm consumer interests and efforts to combat climate change. (Source: MOFCOM website)
235 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 Friday:

  • China will further deepen reforms comprehensively, improving systems that support innovation and urban-rural integration, to build a high-level socialist market economy, the People’s Daily reported citing President Xi Jinping. Promoting the reform of the economic system must proceed from practical needs and focus on the most urgent matters, Xi emphasised. Authorities should identify key points of reforms from the urgent needs of people, such as employment, income growth, school enrollment, medical treatment, housing, child and elderly care, safety and property security, Xi added.
  • The China Securities Regulatory Commission will give priority to supporting equity and debt financing for companies with key technology breakthroughs, and improve the capital market’s inclusiveness of new industries, new business models, and new technologies, Shanghai Securities News reported citing Zhou Xiaozhou, director of the Comprehensive Department at the CSRC. Tech firms have become the main force in newly listed companies and the market value of strategic emerging industries has increased significantly to exceed 40%, Zhou said.
  • China believes certain countries have violated WTO rules and deviated from green-development principles, He Yadong, spokesperson for the Ministry of Commerce said at a press conference responding to media reports Beijing may retaliate against Western tariffs on Chinese cars. He said countries that introduced restrictive measures on new energy vehicles harm consumer interests and efforts to combat climate change. (Source: MOFCOM website)