Category: POLICY & REGULATION

Posted in POLICY & REGULATION

More than 20 provinces extend maternity leaves, offer allowance to boost birth rate

More than 20 provincial governments in China have announced policy changes to extend maternity leaves and offer allowances, in the latest attempt to encourage child-rearing as the country faces a demographic crisis. The changes follow…

Posted in POLICY & REGULATION

China’s Chengdu city announces measures to help developers ease liquidity crunch

The city of Chengdu, capital of southwest China’s Sichuan province, announced several measures including stepping up the quota of property loans and relaxing regulations on developers’ use of property pre-sale proceeds, in the first such…

Posted in POLICY & REGULATION

PBOC says difficulties in maintaining stable economic operation is increasing, stresses policy stability

China’s central bank said it would keep its prudent monetary policy flexible and targeted and strike a balance between economic growth and risk preventions, according to the third-quarter monetary policy report released by the People’s…

Posted in POLICY & REGULATION

China to guide lithium battery makers to strengthen innovation, cut back on projects for pure capacity expansion

China will guide lithium-ion battery and material companies to cut back on projects for “purely expanding production capacity”, and encourage them to step up technological innovation, improve product quality and reduce production costs, according to…

Posted in POLICY & REGULATION

Chinese exchanges further tighten rules for LGFV bond issuance

Chinese exchanges further tightened rules for bond issuance by local government financing vehicles (LGFVs), with measures including limiting quota for LGFVs from certain regions and asking some LGFVs to cut sizes of bond issuance which…

Posted in POLICY & REGULATION

China’s crackdown on crypto mining continues, state-owned firms targeted

China’s top economic planner will launch a comprehensive crackdown on cryptocurrency mining, with focus on cleaning up state-owned companies’ and “industrialized and centralized” mining activities, said Meng Wei, spokesperson of the National Development and Reform…

Posted in POLICY & REGULATION

China’s top steel production hub Hebei to cut crude steel output by over 20% in this heating season

North China’s Hebei province, the country’s top steel production hub, said steelmakers will be required to implement off-peak production in the heating season from November 15 this year to March 15 next year, which will…

Posted in OPINION & ANALYSIS POLICY & REGULATION

Government think tank met property developers amid cash crunch, research warns possible hard landing in real estate sector

The Development Research Center, a think tank under the State Council, China’s cabinet, held a meeting with mainland property developers and financial institutions in Shenzhen amid market concerns over a deepening cash crunch in the…

Posted in IN-DEPTH POLICY & REGULATION

Several Chinese cities step up regulation on pre-sale proceeds, adding pressure on property developers’ cash flow

Several Chinese cities have stepped up regulations on property developers’ pre-sale proceeds after an increasing number of property projects were suspended amid the sector-wide liquidity crunch. Authorities in Shijiazhuang, capital of North China’s Hebei province,…

Posted in POLICY & REGULATION

PBOC to provide low-cost funding to banks for carbon-reduction loans

China’s central bank launched a new monetary policy tool to support carbon emission reduction projects through low-cost lending to financial institutions, according to an announcement on Monday. The new tool aims to leverage more social…

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China to accelerate coal reduction, raise share of non-fossil energy consumption to 20% – State Council

China will accelerate the pace of coal reduction during the 14th Five-Year Plan period (2021-25) and increase the share of non-fossil energy in the primary energy consumption to about 20%, according to guidelines for the…

Posted in POLICY & REGULATION

Some Chinese cities relax rules for developers to buy lands in the third round auctions this year

Some Chinese cities including the technology hub of Shenzhen have relaxed rules for property developers to buy land in the third round of land auctions this year following the chill in the previous round of…

Posted in POLICY & REGULATION

China release additional rules for companies transferring data abroad

The Cyberspace Administration of China (CAC), the country’s internet watchdog, have proposed additional rules for companies that want to transfer Chinese data abroad. According to the draft rules released on Friday, all businesses processing data…

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China allows small manufacturers to defer tax to ease pressure of rising costs

China’s small and medium-sized manufacturers will see their taxes deferred for three months from November to help them cope with the high price of raw materials and surging production costs, the State Council said on…

Posted in MARKET POLICY & REGULATION

China’s thermal coal futures tumbled 47% in eight days, regulators meet to discuss measures to intervene in coal prices

China’s thermal coal futures tumbled for the seventh consecutive trading day on Wednesday as regulators met to discuss measures to intervene in coal prices. The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange,…

Posted in OPINION & ANALYSIS POLICY & REGULATION

PBOC injects 700 billion yuan via reverse repo in five days, analysts say RRR cut basically unlikely this year

Chinese central bank injected 700 billion yuan liquidity to the banking system via open market operations in five trading days. Analyst say the recent operations show that a cut in banks’ reserve requirement ratio (RRR)…

Posted in MARKET POLICY & REGULATION

One more Chinese property developer missed dollar bond payment, regulators meet companies over foreign debts

Chinese property developer Modern Land (China) Co Ltd said it had missed a debt payment, the latest in the struggling sector to default on offshore bonds, adding to worries about spiralling effects of the debt…

Posted in POLICY & REGULATION

China issues action plan to help achieve carbon emission peak by 2030

China will take a raft of measures including reducing waste, promoting renewables and unconventional fuel and reforming electricity network, as part of efforts to help it achieve the carbon reduction goals, according to an action…