-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
Real-time Actionable Insight
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: Thursday, February 22
MNI BRIEF: Consumption To Grow Steadily After Spring Festival
MNI China Press Digest Feb 22: NDRC, NIM, China-EU
MNI POLICY: China Airlines Hit By Virus, SOEs Return To Work
BEIJING (MNI) - China's coronavirus outbreak caused particularly heavy
losses to airlines and tourism during the Lunar New Year holiday, but many
state-owned enterprises are returning to work, Ren Hongbin, deputy director of
the State-owned Assets Supervision and Administration Commission told a briefing
on Tuesday.
Three state-owned airlines under SASAC supervision refunded 13 million
tickets and cancelled 78,000 flights from Jan. 20 to Feb. 13, with passenger
load and aircraft utilisation rates almost halved, said Ren, adding that the
impact is temporary and will not change economic fundamentals in the long term.
The impact was less severe in January, he said.
Here are key takeaways from the briefing by Ren, and SASAC spokesman Peng
Huagang:
- More than 80% of the 20,000 subsidiaries belonging to
central-government-owned enterprises' have resumed operation, said Ren.
- Over 95% of central-government-owned enterprises involved in petroleum
and petrochemicals, telecommunications, power grids, and transportation have
resumed operation, according to Ren.
- SASAC will not modify the production goals and reform targets set at the
beginning of the year, said Ren.
- Central-government-owned enterprises will help small businesses with cash
shortages by reducing or exempting them from some rent payments and service
fees, according to Peng.
- The State Grid has resumed major construction projects totalling more
than CNY70 billion, which will help the return of production in the upstream and
downstream sectors, said Peng.
- State-owned enterprises are expanding the production of masks and
protective gowns, said Ren.
- The epidemic has caused difficulties for foreign investment, said Peng.
--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
--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.