Social financing and on-balance-sheet...>

CHINA PRESS: Social financing and on-balance-sheet credit growth are expected to

rise in the second half of the year, as the major banks have increased reserves

and boosted loan grants, China Securities Journal reported, citing an

unidentified branch official of a major state-owned bank. 

  - Infrastructure, small- and micro-sized enterprises and high-tech

manufacturing will be the focuses of loan investment, the newspaper said, citing

the same official. 

  - Banks will likely see one or two more required reserve ratio cuts within the

year, which will boost credit funds, enhance the degree of independence in

lending and strengthen support for targeted industries, the newspaper said,

citing institutions including Citic Securities.