China-Listed Companies/Support

Support measures to be in place for listed companies: officials

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Shotlist


FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of digital board showing stock market information

Beijing, China - Oct 19, 2018 (CGTN - No access Chinese mainland)
2. Graphic showing Chinese Vice Premier Liu He's comments on equity market, private enterprises

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
3. Various of buildings of Chinese private companies
4. Robotics system working
5. Various of staff members working in office

Beijing, China - Oct 19, 2018 (CGTN - No access Chinese mainland)
6. Graphic showing People's Bank of China Governor Yi Gang's comments on equity market, private firms

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
7. Various of gate, sign of Shanghai Stock Exchange (SSE)
8. SSE trading floor

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. Signs of commercial banks
10. Various of clients receiving service at bank counter, clerk counting RMB banknotes

Beijing, China - Oct 19, 2018 (CGTN - No access Chinese mainland)
11. Graphic showing comments from Guo Shuqing, chairman of China Banking Regulatory Commission (CBRC), Liu Shiyu, chairman of China Securities Regulatory Commission (CSRC)

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Signs of listed companies
13. Various of client receiving service at listed company China Life Insurance Company Ltd.
14. Insurance contract
15. Various of clerk counting RMB banknotes by hands, machine

Storyline


China's top economic and market policy makers have pledged new support measures on the liquidity of enterprises, especially the listed companies, following recent fluctuations in the country's stock market.

Liu He, China's vice premier and also director of the General Office of the Central Financial and Economic Affairs Commission, said on Friday that the recent stock market tumble was due to panic amid trade tensions and an uncertain economic outlook.

Liu ruled out the material impact of the China-U.S. trade tensions as a main reason, saying the effect was more psychological.

He said that going forward, he wants stronger credit support for non-state-owned companies, and more opportunities for state-run firms and private companies to invest in each other.

Meanwhile, the governor of the People's Bank of China (PBC) Yi Gang echoed the view that the recent stock market woes were due to jitters. Yi said that mainland stocks are near record lows in terms of valuation, which is a mismatch with the firm economic fundamentals in China.

The central bank governor also said that the PBC is supporting private companies' debt issuance and stock offerings, and guiding commercial banks to boost their credit support for the private economy. He said the central bank also encourages private equity funds to set up particular funds for cash strapped private firms.

Guo Shuqing, head of China's banking and insurance regulator, said the authority has asked financial institutions to properly manage risks related to listed firms' financing activities via stock pledging.

Guo said that insurers will be encouraged to invest in listed firms and allowed to set up products to address liquidity issues related to listed firms' stock pledging.

Meanwhile, Liu Shiyu, chairman of the China Securities Regulatory Commission, said the commission would encourage funds to help ease liquidity difficulties at listed companies, and would support share buy-backs.

He also said the regulator would speed up approval for mergers and acquisitions and support the issuance of high-yield bonds by small and medium-sized companies.

DOWNLOAD
  • ID : 8093575
  • Dateline : Oct 19, 2018/File
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 1'41
  • Audio Language : Nats/Part Mute
  • Source : China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2018-10-19 17:15
  • Last Modified : 2018-10-20 19:12:00
  • Version : 2
  • ID : 8093575
  • Dateline : 19 oct. 2018/Archives
  • Location : Beijing,Chine
  • Category : economy, business and finance
  • Duration : 1'41
  • Audio Language : Nats/Partiellement muet
  • Source : China Central Television (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Published : 2018-10-19 19:53
  • Last Modified : 2018-10-20 19:12:00
  • Version : 2

China-Listed Companies/Support

Support measures to be in place for listed companies: officials

Dateline : Oct 19, 2018/File

Location : Beijing,China

Duration : 1'41

  • English
  • Français


FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of digital board showing stock market information

Beijing, China - Oct 19, 2018 (CGTN - No access Chinese mainland)
2. Graphic showing Chinese Vice Premier Liu He's comments on equity market, private enterprises

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
3. Various of buildings of Chinese private companies
4. Robotics system working
5. Various of staff members working in office

Beijing, China - Oct 19, 2018 (CGTN - No access Chinese mainland)
6. Graphic showing People's Bank of China Governor Yi Gang's comments on equity market, private firms

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
7. Various of gate, sign of Shanghai Stock Exchange (SSE)
8. SSE trading floor

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. Signs of commercial banks
10. Various of clients receiving service at bank counter, clerk counting RMB banknotes

Beijing, China - Oct 19, 2018 (CGTN - No access Chinese mainland)
11. Graphic showing comments from Guo Shuqing, chairman of China Banking Regulatory Commission (CBRC), Liu Shiyu, chairman of China Securities Regulatory Commission (CSRC)

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Signs of listed companies
13. Various of client receiving service at listed company China Life Insurance Company Ltd.
14. Insurance contract
15. Various of clerk counting RMB banknotes by hands, machine


China's top economic and market policy makers have pledged new support measures on the liquidity of enterprises, especially the listed companies, following recent fluctuations in the country's stock market.

Liu He, China's vice premier and also director of the General Office of the Central Financial and Economic Affairs Commission, said on Friday that the recent stock market tumble was due to panic amid trade tensions and an uncertain economic outlook.

Liu ruled out the material impact of the China-U.S. trade tensions as a main reason, saying the effect was more psychological.

He said that going forward, he wants stronger credit support for non-state-owned companies, and more opportunities for state-run firms and private companies to invest in each other.

Meanwhile, the governor of the People's Bank of China (PBC) Yi Gang echoed the view that the recent stock market woes were due to jitters. Yi said that mainland stocks are near record lows in terms of valuation, which is a mismatch with the firm economic fundamentals in China.

The central bank governor also said that the PBC is supporting private companies' debt issuance and stock offerings, and guiding commercial banks to boost their credit support for the private economy. He said the central bank also encourages private equity funds to set up particular funds for cash strapped private firms.

Guo Shuqing, head of China's banking and insurance regulator, said the authority has asked financial institutions to properly manage risks related to listed firms' financing activities via stock pledging.

Guo said that insurers will be encouraged to invest in listed firms and allowed to set up products to address liquidity issues related to listed firms' stock pledging.

Meanwhile, Liu Shiyu, chairman of the China Securities Regulatory Commission, said the commission would encourage funds to help ease liquidity difficulties at listed companies, and would support share buy-backs.

He also said the regulator would speed up approval for mergers and acquisitions and support the issuance of high-yield bonds by small and medium-sized companies.

ID : 8093575

Published : 2018-10-19 17:15

Last Modified : 2018-10-20 19:12:00

Source : China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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