MNI China Press Digest Nov 12: Propty Ease, Open Mkt, Borders

The following lists highlights from Chinese press reports on Friday:

• China's policymakers have been "fine-tuning" the real estate market, and while some marginal easing has been given, investors should not expect a large-scale loosening or see the adjustments as "bailing out the property market", the 21st Century Business Herald reported citing analysts. Some real estate stocks rose by the daily limit on Thursday, while the previously sagging developer bonds also jumped by double digits on a series of unconfirmed news, including rumors of a substantial regulatory loosening in the city of Shenyang, the newspaper said. Regulators have not given a clear signal of relaxation, and policies may not ease further should the housing and land markets stabilize after the already enhanced credit environment for home buyers, the newspaper cited analysts as saying.
• China's security regulators are planning to launch measures to further expand the opening of its capital market in line with national strategies, the Securities Times reported. China will continue to fully improve the depth and liquidity of the market, enrich products and supporting systems for cross-border investment and strengthen regulations for overseas listings, the newspaper said. The entries of foreign financial institutions will inevitably challenge domestic companies, pushing them to improve and adapt while quickening overseas expansion, the newspaper said.
• China should wait for the global mortality rate from Covid-19 to fall further before fully opening its borders, the 21st Century Business Herald reported citing the country's leading expert Zhong Nanshan, who spoke to a forum of global mayors on Thursday. Currently, the global death rate is over 1% among reported cases, and it needs to come down further, Zhong was cited as saying. The transmission coefficient also needs to come down before returning to normal life, Zhong said. China must maintain the "strict controls" it has adopted, though they should not be made more severe to allow the economy to restart, said Zhong. China should also start giving third doses of vaccines, Zhong said. China sees the current anti-pandemic situations as "severe and complicated," with more than 1,000 cases since Oct. 17, and they could be traced to imported cases, the newspaper said.