The New CS Board

[dindindon]

China is running the third round of reform

(1) ongoing
the 112 largest state-owned enterprises may be consolidated into 40

China SOE fusion could topple cult of competition
By John Foley April 28, 2015
http://blogs.reuters.com/breakingviews/2015/04/28/china-soe-fusion-could-topple-cult-of-competition/

A mooted plan to crunch together China’s biggest state-owned companies looks bad for efficiency. But when genuine competition isn’t on offer, a demanding shareholder and superior regulators might be the next best thing.

(2) announced
China state council approved the restructuring of China Post Group Corporation (aka China Post Office since 1896, 1 million employee)

Post Group restructuring : subsidiary Courier Post instead Group subsidiaries
link

(3) completed
China South Locomotive merged with China CNR (North Locomotive). A move to have better competition in the international market ( competitors - Siemens of Germany, Canada Bombardier, France's Alstom and Kawasaki in Japan, .. etc )

(4) approved on 04/30/15

Coordinated development of the Beijing-Tianjin-Hebei

Beijing integrates with Tianjin and Hebei

A 4.2 trillion Yuan/6 years economic plan, (a)(b)(c)
- to integrate of transportation
- environment protection
- industrial connection cooperation

Beijing-Tianjin-Hebei coordinated development guideline approved - 2015-04-30 19:29
http://www.chinadaily.com.cn/china/2015-04/30/content_20591498.htm

(a) Integration of Beijing, Tianjin and Hebei set to be signature project of Xi Jinping's administration
Wednesday, 25 June, 2014,
http://www.scmp.com/news/china/article/1539886/integration-beijing-tianjin-and-hebei-set-be-signature-project-xi

(b) China's Policies and Actions on Climate Change (2014)
The National Development and Reform Commission November 2014
http://en.ccchina.gov.cn/Detail.aspx?newsId=49564&TId=98

(c) Plan in details, sorry, no translation
http://zh.wikipedia.org/wiki/%E4%BA%AC%E6%B4%A5%E5%86%80%E5%8D%8F%E5%90%8C%E5%8F%91%E5%B1%95

road side unconfirmed story

(1) Merge Petro China with Sinopec, size rival with Exxon Mobile
(2) Merge China National Offshore Oil Corporation (ADR CEO) with Sinochem Group
(3) So called ‘China QE’ - allow China local banks swapping local government bonds with bank loan, some kind of PSL/LTRO operations.. (see Note)

Note:

China official denies reported plans for QE program: Reuters
By Michael Kitchen Apr 28, 2015 10:10 p.m. ET
http://www.marketwatch.com/story/china-official-denies-reported-plans-for-qe-program-reuters-2015-04-28

Will China Launch QE?
MARC CHANDLER04/29/2015

Press reports suggest that the People’s Bank of China (PBOC) is considering unconventional monetary policies, including direct purchases of local government bonds and/or some sort of long-term refinancing operation (LTRO) using local government bonds as collateral. While there is no universal definition of QE, we make the distinction that the former (direct bond purchases) are unconventional measures, while the latter (long-term liquidity injections) are along conventional lines.

For reasons stated below, we downplay the likelihood of QE in China given the typical reasoning seen in the developed markets.

text in full: http://www.financialsense.com/contributors/marc-chandler/will-china-launch-qe

We do note, however, that China officials have so far denied these reports.

04/29/15 jumanji0881 >>devaluation? Everybody's doing it

as described in this post, tactical actions and strategic plans are two different vehicles. it is the "art" of finding an optimized point.

Yuan strategic plan: internationalization, Join IMF SDR (current: the U.S. dollar, Euro, Japanese yen, and pound sterling)

Yuan Gains as State-Run Banks Sell Dollars, Stimulus Bets Recede
8:08 PM PDT April 28, 2015
http://www.bloomberg.com/news/articles/2015-04-29/china-raises-yuan-fixing-amid-receding-bets-pboc-to-conduct-qe

State-run banks sold the greenback to bolster the yuan, two traders said, asking not to be named
The monetary authority raised the yuan’s daily reference rate for the fifth day, the longest stretch of increases since December.