Small to medium-sized financial.........>

CHINA PRESS: Small to medium-sized financial institutions will face new pressure

in September when a large volume of negotiable certificates of deposit will

mature, especially after the PBOC's announcement on Thursday disallowing

commercial banks to issue NCDs with a maturity of more than a year, the China

Securities Journal reported Friday. As of Thursday, the NCD maturity volume in

September reached CNY2.3251 trillion, the largest amount since December 2013,

the newspaper said. Sun Binbin, analyst of Tianfeng Securities, said the PBOC

measure curbing long-term NCDs shows regulators will continue to tighten rules

on bank activities, so banks must make more changes to their portfolio of assets

to be able to pass the assessment of the appropriate ratio of NCDs in their

overall liabilities. Analysts were quoted by the newspaper noted that because

small to medium-sized banks are most active in issuing NCDs, they would be

impacted the most by the change. (China Securities Journal)