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     BEIJING (MNI) - The following lists highlights from the Chinese press for
     China Banking Regulatory Commission (CBRC) has urged financial institutions
to increase loans and cut financing costs for private, small- and micro-sized
enterprises, reported Xinhua News Agency. Large and medium-sized banks should
lead the way in increasing loans to small- and micro-sized enterprises, and
should establish proper and preferential loan prices to bring down the lending
rate, Xinhua said. Financial institutions should also categorise enterprises and
tailor their services and policies to individual businesses, Xinhua added.
     Local governments are still in charge of approving loan contracts for
shantytown innovation projects, Xinhua News Agency reported, citing a manager of
China Development Bank (CDB). The CDB has not tightened approvals for shantytown
renovation projects, but will review the contracts after local governments'
approvals to prevent excessive borrowing and potential risks, Xinhua said,
citing the manager. Local governments have issued a total of CNY460.9 billion in
loans as of the end of June this year, the manager noted, according to Xinhua.
     The PBOC has advised banks via "window guidance" to provide medium-term
lending facility (MLF) funds for primary dealers to support loan placement and
bond investment, 21st Century Business Herald reported, citing financial
professionals. Additional MLF funding will be allocated to lower-rated bonds to
alleviate the impact of frequent bond risks, the newspaper said. The PBOC's move
signals the end of its "loose currency and tight credit" policy, said Ding
Anhua, chief economist of China Merchants Bank, according to the newspaper. The
PBOC will not reverse its monetary policy, but may use some instruments to
cushion the downward pressure on the economy in the third and fourth quarters,
the newspaper said, citing an anonymous analyst.
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
--MNI Beijing Bureau; +86-10-8532-5998; email:
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]

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