THE PEOPLE’S BANK OF CHINA (PBC) issued a working paper saying that China's monetary policy should not only control inflation but also take into account the needs of transformation and financial reform. As for a short-term demand management policy, THE PEOPLE’S BANK OF CHINA (PBC) should continue to enrich monetary policy tools and improve the monetary policy effect.
China Securities Journal online news, Administrator of the State Administration of Foreign Exchange (SAFE), Pan Gongsheng, said that foreign exchange management will not go back, will not go back to the capital control. China's cross-border capital flows are converging to equilibrium. In addition, some enterprises transfer their assets through overseas acquisition of football clubs.
On March 20th, the exchange bond repurchase interest rates continue to rise, including the 3-day bond repurchase rate quoted 4.95% in SHANGHAI STOCK EXCHANGE (SSE), a big increase of 679.53%. Femorning Research Office believes that THE PEOPLE’S BANK OF CHINA (PBC) raised the interest rates of reverse repurchase and MLP last week, coupled with the perturbation of factors like convertible bond purchase and quarterly MPA assessment, the tight expectation of funding side can hardly be eliminated.
PEOPLE’S DAILY OVERSEAS EDITION news, since March, Beijing, Guangzhou, Zhengzhou, Shijiazhuang, Nanjing and other cities have started upgraded policy of real estate purchase restriction. For a new round of upgraded regulation and control measures, industry experts said that the smooth development of real estate is the "red line", "houses being used for living instead of speculation" should be followed as a fundamental, various regions should actively explore the establishment and implementation of the automatic response mechanism, adhere to the classification regulation and control.
General Office of the State Council of the People's Republic of China issued the Administrative Work Plan of the State Council in 2017, the Provisional Regulations on the Administration of Private Equity Funds, the Regulations on the Administration of Housing Provident Fund (Revised), and other administrative regulations are listed in the projects urgently needed for deepening the reform, it will also strive to complete the Internet Information Service Administration Measures and the Food Safety Law Drafting work within the year, and cooperate with the National People's Congress and its Standing Committee to continue to review the General Principles of Civil Law, Securities Law (Amendment), E-commerce Law and other laws.
It was learned from the official WeChat account of NATIONAL INTERBANK FUNDING CENTER that in order to further enrich the types of inter-bank market businesses and enhance the liquidity of foreign currency bonds (including SDR debt), Home Currency Transaction System of NATIONAL INTERBANK FUNDING CENTER will provide foreign currency debt pledged repurchase transaction service since March 20th, 2017, in order to achieve the function of borrowing RMB by pledging foreign currency debt.
Henan provincial government recently introduced the "implementation opinions on the positive and steady reduction of enterprises’ leverage". The opinions require that enterprises in the province to vigorously develop equity financing to reduce enterprises’ leverage and encourage insurance institutions to placard the high-quality listed companies in the province.
China Securities Journal online news, DiDi will gradually stop distributing orders to non-Beijing licensing vehicles in Beijing area since March 20th, it has been halted within the third ring-road currently, and will be carried out in other areas of Beijing gradually, the specific time has not yet been announced. DiDi stated that the measures are only for car-on-demand and fast-ride business of the platform, hitchhiking and other businesses are not affected.
CHINA SHENHUA responded to its high dividend of 59.072 billion yuan, saying that the dividend was based on the current situation and not on convention, the company will still maintain a dividend payout ratio of about 40% of the profit later on. As of March 20th closing, CHINA SHENHUA reported 18.36 yuan, an increase of 10.01%; China Shenhua H shares closed at 19.14 Hong Kong dollars, an increase of 16.28%.
2017 BrandZ the most valuable Chinese brand 100 list was released, the top 100 brand value totaled $ 551.7 billion, reaching a record high, an increase of 6% year-on-year. Tencent's brand value reached $ 106.181 billion, up 29% year-on-year, continuing to hold the position of China's most valuable brand, becoming the first Chinese brand with a value of more than $ 100 billion, accounting for nearly one-fifth of the sum of the top 100 brand value.
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