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MNI China Press Digest, Nov 9: Loans, Housing, Private Firms

     BEIJING (MNI) - The following lists highlights from the Chinese press for
Friday:
     Banks' lending to private enterprises should account for no less than 50%
of new corporate loans in three years, the Financial News reported citing Guo
Shuqing, the chairman of the China Banking and Insurance Regulatory Commission.
Policymakers are considering setting targets for banks. For large banks, loans
to private companies should account for no less than one third of the total
corporate loans, and the ratio shall be no lower than two third for small and
medium-size banks, the newspaper said citing Guo. Private companies account for
about 25% of the total borrowing even as private economic activities make up
more than 60% of the economy, the newspaper said citing Guo.
     China's real estate industry may not be entering a bearish market even as
an increasing number of land auctions failed to attract buyers, according to a
commentary published Friday in Economic Daily, authored by China Academy of
Macroeconomics under the National Development and Reform Commission. The
stringent housing regulations, increasing financing costs and the cooling market
have made developers refrain from acquiring land, the newspaper said. The
housing market is steady judging by data including by local government land
incomes, commercial housing sales and inventory data, the daily said. (Link to
story: https://bit.ly/2qzWnoa)
     China must create a good business environment for private and small
companies to boost growth, Xinhua News Agency reported on Thursday citing
Premier Li Keqiang. Li pledged to further simplify the approval process, expand
the market access and ensure fair competition with state-owned enterprises, and
encourage private companies to invest in infrastructure and base industries,
Xinhua said. (Link to story: https://bit.ly/2RGPeOk)
--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
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]

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