MNI China Press Digest, March 15: Stocks, Deposit Org., Trade

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

on Friday:

     The Chinese stock market still has the potential to grow 10% to 15%,

according to a leading analyst at Morgan Stanley. Shanghai Securities News cited

Wang Ying, the China Market Strategist at Morgan Stanley, who said he was

optimistic about the A-share market and continued to raise the target price for

leading stocks, along with expectations of improved corporate profits.

     China may soon establish an independent deposit insurance organization, the

China Daily reported today. The newspaper cited unidentified policy advisers,

who said the move was aimed at helping bankrupt banks exit the market, limiting

losses for depositors. The newspaper said the functions of the agency, envisaged

as a separate entity, were still to be decided.

     Senior Chinese and US trade officials have made substantial progress on

negotiations between the two countries, according to Xinhua. The agency reported

that China's Vice Premier and top trade negotiator Liu He had telephoned U.S.

Trade Representative Robert Lighthizer and the U.S. Secretary of the Treasury

Steven Mnuchin on Friday for the third time. The report said progress had been

made on "crucial issues on the text" of a deal.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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