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MNI China Press Digest March 9: WMP Regulation, SOE Debt Swap

     BEIJING (MNI) - The following lists highlights from the Chinese press on
Friday:
     China Banking Regulatory Commission has conducted monitoring and analysis
on possible impacts on commercial banks of the new wealth management product
(WMP) regulation that is being drafted, China Securities Journal reported citing
Chairman Guo Shuqing. The regulation is subject to further revisions,  Guo said
according to Journal. Separately, on property market, CBRC continues to monitor
risks and contain bubble, Journal cited Guo as saying. Stress tests on property
loans show risks are controllable, Guo said according to the Journal.
     China's State-owned Assets Supervision and Administration Commission
(SASAC) supports market-based debt-to-equity swaps by SOEs, Securities Daily
reported Friday citing Chairman Xiao Yaqing. Debt swaps will be a key task to be
advanced by SASAC this year, Daily cited Xiao as saying. The government may
introduce more innovative methods in dealing with debt swap and mergers and
acquisitions of state-owned enterprises, the newspaper cited analysts as saying.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]

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