MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

MNI China Press Digest Oct 21: CSRC, PBOC Tool, Banking

MNI picks key stories from today's China press.
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaGlobalStoryRegion
MNI (BEIJING)

Highlights from Chinese press reports on Monday:

  • The China Securities Regulatory Commission appreciates the current positive market momentum and will take measures to further stabilise expectations and strengthen confidence, Commission representatives said at a recent symposium, the Securities Times has reported. Authorities need to promote more high-quality tech firms to go public, facilitate mergers and reorganisations, normalise IPOs, cultivate patient capital and guide medium- and long-term funds into the market. Additionally, the government should deepen law-based market reforms, improve expectation management, and guide rational and value based investment, the newspaper said.
  • A total of 23 listed companies have disclosed plans to repurchase or increase stock holdings under the central banks’ relending programme so far, with funds likely to reach CNY11 billion, The Paper reported. The companies, or their controlling shareholders, have signed loan agreements or obtained loan commitment letters with a total of six banks, the newspaper said. Analysts noted firms with a dividend rate equal to or above the 2.25% upper limit of banks’ loan interest rate will have enthusiasm for the programme, the newspaper said.
  • China’s banking sector performance shows regional disparities are widening, with the NPL ratio notably increasing in some central and western provinces, a report from the China Banking Association has said. However, the report highlighted overall commercial banks’ non-performing loan ratio reached 1.56% by the end of June, down 0.06 percentage points from the same period in 2023, and the lowest level since 2016. The report noted downward pressure on retail loan asset quality was more obvious than with corporate loans. (Source: Yicai)
257 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.
MNI (BEIJING)

Highlights from Chinese press reports on Monday:

  • The China Securities Regulatory Commission appreciates the current positive market momentum and will take measures to further stabilise expectations and strengthen confidence, Commission representatives said at a recent symposium, the Securities Times has reported. Authorities need to promote more high-quality tech firms to go public, facilitate mergers and reorganisations, normalise IPOs, cultivate patient capital and guide medium- and long-term funds into the market. Additionally, the government should deepen law-based market reforms, improve expectation management, and guide rational and value based investment, the newspaper said.
  • A total of 23 listed companies have disclosed plans to repurchase or increase stock holdings under the central banks’ relending programme so far, with funds likely to reach CNY11 billion, The Paper reported. The companies, or their controlling shareholders, have signed loan agreements or obtained loan commitment letters with a total of six banks, the newspaper said. Analysts noted firms with a dividend rate equal to or above the 2.25% upper limit of banks’ loan interest rate will have enthusiasm for the programme, the newspaper said.
  • China’s banking sector performance shows regional disparities are widening, with the NPL ratio notably increasing in some central and western provinces, a report from the China Banking Association has said. However, the report highlighted overall commercial banks’ non-performing loan ratio reached 1.56% by the end of June, down 0.06 percentage points from the same period in 2023, and the lowest level since 2016. The report noted downward pressure on retail loan asset quality was more obvious than with corporate loans. (Source: Yicai)