Top news of the week:

• CSRC strengthens the supervision of delisted companies

  February 28, 2022

  On 25 February, the China Securities Regulatory Commission (CSRC) publicly solicited opinions on the “guiding opinions on improving the supervision of delisted companies” to solve the obstacles and risks existing in the current practice, promoting the formation of a set of institutional arrangements that are consistent with the functional positioning of the delisting sector and suitable for the characteristics of delisted companies.

• MIIT supports Beijing and Shanghai to build data exchanges

  March 1, 2022

  On 28 February, Tian Yulong, chief engineer of the Ministry of Industry and Information Technology, proposed at a press conference that the ministry will strengthen data security in digital transformation, actively cultivate the market of data factors, and support Beijing and Shanghai to build data exchanges.

• China’s manufacturing performance rebounds

  March 2, 2022

  As enterprises’ work and production resumption have been sound after the holiday with rising demand, the manufacturing purchasing managers’ index (PMI) boom level is rising steadily. China’s PMI stood at 50.2% this February, up 0.1 percentage points from the previous month, remaining stable in the boom range above 50% for four consecutive months. It is expected that the rebound in demand will drive the supply side and that the manufacturing boom level will continue to be in the expansion range of over 50%.

• Financial authority claims China’s real estate bubbles is fundamentally reversed

  March 3, 2022

  Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC), said at a press conference on 2 March that the momentum of the financialisation of real estate bubbles had been fundamentally reversed. The banking and insurance industry should be more targeted to support the expansion of consumption and investment. Guo said that the risk of shadow banking is entirely controllable, but the regulators should not become inattentive.

• SASAC promotes central SOEs to advance cutting-edge and disruptive technologies

  March 4, 2022

  Ministry of Science and Technology and the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council held a consultation meeting and a working symposium on jointly cultivating and building leading technology enterprises. Hao Peng, Secretary of the SASAC Party Committee and Chairman of the SASAC, emphasised that the authorities will support and promote central state-owned enterprises to strengthen sci-tech innovation, advance the layouts in cutting-edge and disruptive technologies, and support enterprises to undertake more major national special sci-tech projects.