MNI China Press Digest, March 11:Bill Finance, Property, Rates

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

on Monday:

     The rapid decline in the use of bill financing and undiscounted bankers'

acceptance last month was caused by the Chinese New Year, when companies had

less settlement demand and working days, reported Financial News, a publication

of the PBOC, citing an unidentified PBOC official. A more accurate reading needs

to combine data for the first two months, during which the balance of bill

financing added CNY685.5 billion, and undiscounted bankers' acceptance increased

by CNY68.3 billion, lending more support to the economy, the official was cited

as saying.

     Regulators should strengthen the monitoring of mortgage loans, strictly

control property loans with investment and speculative intentions, as well as

stop shadow banking capitals from flowing into the real estate market, a crucial

industry for preventing financial risks, said Securities Times on Saturday

citing Wang Zhaoxing, deputy chairman of the China Banking and Insurance

Regulatory Commission.

     The Chinese monetary authority intends to lower the actual rates by

liberalizing market interest rates, so future adjustment of the benchmark

deposit and lending rates will be less likely, and the benchmark rates could

even be removed eventually, Lian Ping, chief economist at Bank of

Communications, commented in China Securities Journal published on Sunday.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

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