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     BEIJING (MNI) - The following lists highlights from China press reports on
Thursday:
     The PBOC is likely to delay the cut in the reserve requirement ratio beyond
this month and until Q2, according to a report in the Securities Daily. The
newspaper cited Wang Qing, chief macroeconomic analyst at credit rating agency
Dongfang Jincheng, who said the main driver for the PBOC decision would be March
money supply and credit growth data. If this was seen as too weak for a rebound,
the PBOC may instead consider cutting the RRR this month to offset the maturity
of medium-term lending facilities in mid-April. March money supply and credit
growth data is set for release between April 10 and 15, with the precise date
remaining uncertain.
     A number of banks which have not previously lent to property developers are
now actively seeking to help them with financing, 21st Century Business Herald
reported today. The newspaper said the new lending appetite was another sign of
recovery in the real estate market, along with rebounding home sales data.
Developers have issued a total of CNY202.9 billion in bonds so far this year, up
by 33% from the same period last year, according to the newspaper. Since April,
developers have actively released financing plans valued close to CNY100
billion, the report said citing data by Centaline Property.
     Regulatory requirements to tighten the recognition of non-performing loans
are unlikely to be fully implemented in the short term, particularly to small
and medium sized banks, according to a commentary in the Securities Times. The
newspaper says the measure to tighten the recognition period from the current 90
days to just 60 days would inevitably increase operational pressure on the
banks. Including loans overdue by more than 60 days as NPLs is not an
internationally accepted regulatory requirement, but this indicates an intention
by local regulators to strictly control asset quality and deal with
non-performing assets, the newspaper said.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]