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MNI China Press Digest, Oct 16: Opening, Credit, Prices 

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Wednesday:
     China is planning to roll out measures to support the business and
investment environment in the banking and insurance industry, Economic
Information Daily reported. The measures follow the relaxation of restrictions
on foreign banks, which can now set up branches and wholly foreign-owned banks
in China. Foreign insurers can also establish their own firms in China with
foreign financial institutions as shareholders, according to a statement on the
State Council's website released Tuesday. 
     The swapping of local government debt and infrastructure financing is
expected to drive the recovery in credit demand in Q4, Securities Times
reported. Lending activities and aggregate financing in September beat market
expectations, helped by the reserve requirement ratio cut, the newspaper said
citing unnamed analysts. Banks also accelerated lending in a bid to stabilize
their net interest margins following the Loan Prime Rate (LPR) pricing reform,
the Times added. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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