MNI China Press Digest, Feb 13: Reform, Equity Incentive, Bond

     BEIJING (MNI) - The following lists highlights from Wednesday's China

press:

     --China should actively promote major fiscal and taxation reform, along

with reforms in finance, state-owned enterprises, electricity, oil and gas, and

the science and technology sector, Vice Premier Han Zheng said, the People's

Daily Overseas Edition reported today. Han also emphasized the necessity to

strengthen monitoring of the job market, and make relevant policies to ensure

stable employment, the newspaper said.

     --China's State Administration of Foreign Exchange (SAFE) and the PBOC said

Tuesday that foreign employees at domestic listed companies can participate in

A-share equity incentive schemes, using either funds earned in China or

transferred in from overseas, the Securities Daily reported today. Foreign

workers can now also directly process cross-border payments and fund transfers

at banks without applying for a prior approval as long as they have a

registration certificate, the Daily added.

     --If needed, China can still boost bond issuance or cut taxes and fees by a

further, the Economic Information Daily said citing a report published by

Chinese Academy of Social Sciences. Judging from the quota of local government

bond issuance, a total CNY2.6112 trillion of the quota was unused through

end-2018, accounting for 14.1% of the total issuance, the newspaper said citing

the report.

--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

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