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MNI China Press Digest, Oct 28: TMLF, 4th Plenum, Ind Profits 

     BEIJING (MNI) - The following lists highlights from Chinese press reports
on Monday:
     The People's Bank of China may conduct targeted medium-term lending
facilities (TMLF) later in this quarter to boost funding for private and small
companies, though not in the immediate term after injecting CNY590 billion last
week, the Securities Daily reported citing Wang Qing, chief macroeconomic
analyst at credit rating agency Dongfang Jincheng.
     China's ruling Communist Party will hold its fourth plenary session of the
19th Central Committee from Oct 28-31 in Beijing, the Economic Information Daily
reported. The meeting will focus on improving the socialist system with Chinese
characteristics and promoting the national governance capacity, the newspaper
said.
     The combined profits made by China's largest industrial companies in
September fell 5.3% y/y, steeper than 2% drop in August, due to the declining
ex-factory prices of industrial products and slowdown in sales, according to a
statement by the National Bureau of Statistics (NBS) released on Sunday. That
would be the sharpest drop since 8.8% reduction in August 2015, according to NBS
data.
--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$$$,M$Q$$$,MI$$$$]
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China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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