MNI China Press Digest, June 10: Tech Exports, Banks, PBOC

     BEIJING (MNI) - The following lists highlights from Chinese press reports

on Monday:

     Beijing's latest plan to set up a national technological security

management list system is of practical significance to counter U.S. moves to

curb supply or technical transfers to some of China's high-tech enterprises, the

Global Times said in an opinion piece Sunday. The move is expected to provide a

legal basis for China to curb some technology exports to the U.S., according to

the paper.

     China's top financial regulator, the China Banking and Insurance Regulatory

Commission will hire leading domestic accounting and law firms to check the

assets and liabilities, accounts, debtors-creditor relationships, valuation and

capital of Baoshang bank, the small lender seized by the PBOC and CBIRC, a

spokesman told the PBOC-run newspaper Financial News Sunday. China's medium and

small-sized banks are operating smoothly with enough liquidity, and large-scale

commercial banks will continue to conduct inter-bank business with them, the

report said citing the CBIRC, aiming to dispel rumours about the risks at small

banks.

     China has enough room for macroeconomic policy manoeuvre and plenty of

policy tools, and is able to confront with different uncertainties, Yi Gang,

governor of the PBOC told the G20 Finance Ministers and Central Bank Governors

Meeting, according to the statement on the PBOC website late Sunday. The PBOC

will keep matching the growth rate of broad money supply as well as total social

financial with the nominal GDP growth, liberalizing the exchange rate and

stabilizing the yuan exchange rate at a balanced level, Yi said.

--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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