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MNI China Press Digest, June 12: PBOC, Regional Banks

MNI (London)
     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Friday:
     The PBOC may cut the rate for Medium-term Lending Facility by 5bps next
Monday to stabilize market confidence, the Securities Times notes, citing an
analysis report by Citic Securities, a leading state-owned financial
institution. The yuan exchange rate has posed fewer restrictions on PBOC's
monetary easing recently and the clampdown on high-yield bank deposits may
prelude a Loan Prime Rate cut, the paper added.
     China's banking sector will see more mergers and acquisitions as regional
banks face a hard time replenishing capital with bad loans continuing to rise
through the Covid slump, according to Shanghai Securities News citing Chang
Liang, a managing director with Citic Securities. The paper also quoted an
unnamed source from a regional bank who hoped central government will loosen
restrictions for regional banks to go public, along with ones to allow companies
and public entities to invest in banks, measures helping troubled banks increase
the most needed Core-Tier One capital, all measures to help strengthen the
banking sector.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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