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MNI (London)
     BEIJING (MNI) - The following lists highlights from Friday's China press:
     Policymakers should advance capital market reform based on the economic
situation, and stabilize growth while promoting reform, the Securities Daily
said in a commentary piece Friday. The comments came after the PBOC commented
Thursday about accelerating market reform. The government should avoid a
collision between reform measures and the growth target as they look to pursue a
win-win outcome, the Daily said. In the long-term, capital market reform should
boost the business environment, the main infrastructure to stabilizing growth,
the newspaper said.
     More financial activities should come under the scope of the central bank's
macro-prudential management, the Financial News said Friday. Macro-prudential
policies play a leading and key role in controlling systemic risks, as they can
regulate the entire financial sector and the whole financial market via
counter-cyclical and cross-market regulations, the PBOC-run newspaper said,
citing Lian Ping, chief economist at Bank of Communications.
     Strict regulation on the housing market will likely continue next year
under the long-term tone of "housing is for living not speculation", the China
Securities Journal said Friday. Purchase or sales limits, as well as loan
restrictions, are unlikely to be removed, the newspaper said. The housing market
will likely enter a downturn, though indicators like real estate investment, new
housing projects, land transaction volumes, and developers' funding are still in
positive territory. Sales are showing significant pressure and house prices will
continue to fall, the paper said citing Chen Cong, analysts at CITIC Securities.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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