MNI China Press Digest, Nov 15: Pork Price, E-commerce, Risks

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

on Friday:

     Pork prices in China are unlikely to increase significantly and pork

supplies are expected to rebound slowly until the second half of 2020, according

to a report in the China Securities Journal. Citing analysts, the Journal's

report said the sharp rise in pork prices this year had drained market demand

and price gains had decelerated over the last two weeks. The report noted recent

policies to increase pork production to address supply issues.

     China should vigorously develop cross-border e-commerce business

opportunities, Securities Times reported on Friday. E-commerce could boost

domestic consumption and develop new import and export markets, the Times said.

The expansion of online shopping in China reflected growing domestic demand,

while e-commerce would also be a catalyst to develop China's information

technology industry, the report said.

     Chinese regulators have been closely monitoring the financial and

technology relationships between banks and third party platforms as they look to

minimize risks, according to Xiao Yuanqi, Chief Risk Officer of the China

Banking and Insurance Regulatory Commission. Economic Information Daily reported

that Chinese local governments are also tightening their supervision of loans as

they implement the notice from the PBOC Shanghai Branch on risks from "loan aid"

companies. Business qualifications, risk control capabilities and capital flows

are the key focus of the supervision, the Daily reported.

--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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