MNI China Press Digest, Nov 4: PBOC, SOEs, Import

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

Monday:

     Chinese banks should manage risks of shadow-bank lending by actively

communicating with regulators and dispose of assets with poor liquidity and long

maturity, the Securities Daily reported citing Wang Jingwu, the director of

PBOC's Financial Stability Bureau. The central bank should also further promote

policy reform to guide investors' expectations and increase supply of long-term

funding, the newspaper cited Wang as saying.

     Chinese state-owned enterprises (SOEs) should withdraw from non-core

industries where they don't have competitive advantages, and invest in key areas

related to national security, the real economy, as well as strategic emerging

industries, the Shanghai Securities Journal reported citing Hao Peng, the party

secretary of the State-owned Assets Supervision and Administration Commission.

SOEs should also expand overseas via the Belt & Road initiative, and actively

integrate into the global industry and value chain, the newspaper cited Hao as

saying.

     China is confident of achieving the goal of importing $30 trillion worth of

goods in the next 15 years, as it has a large market of 1.4 billion people with

more than 400 million in middle-income group, the China Business News reported

citing Assistant Minister of Commerce Ren Hongbin. China's imports dropped 0.1%

y/y in the first three quarters mainly due to changing prices of commodities,

according to Ren.

--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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