FINANCIAL NEWS under THE PEOPLE’S BANK OF CHINA (PBC) quoted analysts saying that to observe the liquidity gap across the market, it may be more accurate to judge indirectly from PBC's policy orientation and delivery. Liquidity will still remain tight before the end of the quarter, but PBC’s attitude of maintaining a reasonable and necessary liquidity is unchanged, abnormal tightness of liquidity is expected not to continue. In the long term, the improvement of liquidity stability depends on the financial institutions to take the initiative to de-leverage and strengthen liquidity management.
ECONOMIC INFORMATION DAILY news, THE PEOPLE’S BANK OF CHINA (PBC) and Ministry of Finance of the People's Republic of China are currently studying the relevant supporting policies for the securitization of PPP project assets, and it is expected to be launched soon. These policies include contents like the requirements and the supporting regulatory mechanism of the securitization of PPP project assets. This means that the interbank market will also usher in the landing of PPP asset securitization products.
21st Century Business Herald news, the amount of local government replacement bond is set around 3 trillion yuan in 2017, which has a certain decline compared to the 5 trillion ceiling limit in 2016. Coupled with the new bond size of 1.63 trillion yuan in 2017, the annual issuance of local debt will be around 5 trillion yuan. This also means that if the local government’s initiative debt resolving factors are not taken into account, it is expected that there will be about 1 trillion yuan of stock debt needs to be replaced in 2018.
China Securities Journal news, authoritative sources revealed that bank mortgage ratio may become an important content of MPA (Macro Prudential Assessment) of THE PEOPLE’S BANK OF CHINA (PBC) this year. MPA has seven major categories of indicators, which includes credit policy implementation, and commercial banks’ loan behavior is one of the important assessments. Loan behavior includes whether the bank's credit structure is reasonable, the credit issuance situation to some overheated areas and so on. The regulatory authorities will focus on personal mortgage this year.
Ministry of Commerce of the People's Republic of China news, it is revising the 2015 edition of "foreign investment industry guidance directory" in conjunction with the relevant departments, on the basis of a substantial opening in 2015, the opening level will be further improved, the restrictive measures will be reduced, for some of the industries, the joint venture cooperation requirements or foreign shares limitation will be canceled.
Xinhua News Agency reported, the bond market credit risk appears and causes regulatory attention. China Insurance Regulatory Commission (CIRC) recently issued a notice requiring insurance institutions to submit bond transaction information before the end of March in order to fully understand the base number of insurance capital bond investment and risks and well implement the strategy of early control while the problem is still small, eliminating the risks in the sprouting period. China Insurance Regulatory Commission will study the promotion of sub-account supervision, according to the different liabilities of insurance funds, it will formulate asset and liability management policies from the account level and fundamentally achieve asset and liability fine supervision.
China Business Network Co., Ltd. (CBN) news, MSCI proposed a shrunk plan to include China's A shares into the global index, reducing the stock number from 448 to 169. It proposed to include only the large-cap stocks that can be traded through the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect programs, it plans to reduce the weight of A shares’ power to make suggestions in the MSCI China Index from 3.7% to 1.7%, and its weight in the MSCI Emerging Markets Index will be reduced from 1% to 0.5 %.
8、National Development and Reform Commission (NDRC) news, in 2017, China will adhere to the reform direction of market pricing, price and subsidy separation and multiple subjects, continue to implement and improve the corn market acquisition and subsidy mechanism in the three northeastern provinces and the Inner Mongolia Autonomous Region, and, at the same time, adjust the target price policy of soybean and implement the market acquisition plus subsidy mechanism.
Xinhuanet news, BEIJING MUNICIPAL COMMISSION OF HOUSING AND URBAN-RURAL DEVELOPMENT interviewed ten intermediary agencies in Beijing, which are LianJia.com, www.5i5j.com, Maitian.cn, Huaxi, Cunfang, JinSeShiGuang, www.iwjw.com, YiHe Real Estate, JinChengFuYe Real Estate, and Centaline Property. It explicitly prohibits intermediaries to participate in real estate speculation, from March 23rd onwards, once intermediaries or brokers are found to be involved in real estate speculation, driving up prices, etc., there will be investigation whenever there is a "rise" and there will be "punishment" whenever there is "speculation".
CHINANEWS reported, China's first two group standard drafts for comment developed on basis of regional cooperation, "shared bicycles" and "shared bicycle service", have been completed, and officially released in Shanghai Municipal Bureau of Quality and Technical Supervision official website on March 23rd. They propose that GPS positioning system must be installed, the bicycles can be used only by people at least 12 years old and they must retire from service in three years scrapped. In addition, Mobike announced, from March 23rd onwards, "Mobike red envelope bikes" will be deployed in Beijing and other cities, the users can find bicycles with a square red envelope pattern marked in the APP, and can receive double rewards by unlocking and riding more than 10 minutes, including 2 hours free riding and cash red envelopes from 1 to 100 yuan.
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