Some cities and provinces will be.......>

CHINA PRESS: Some cities and provinces will be creating regulation to curb the

misuse of public-private partnerships, according to Securities Daily's report on

Monday.

  - The city of Beijing, provinces such as as Jilin and Gansu, and Ningxia

Autonomous Region will create measures to regulate the operations of PPPs and

prevent local governments from borrowing under the disguise of PPPs.

  - Hunan Province earlier this month announced a new policy to manage PPP

projects through a 'negative list', which will list what local governments

cannot do through PPP projects - the first such policy of its kind.  

***COMMENTS: As Hunan becomes the first province to issue a negative list, more

local governments are expected to follow. China has seen robust growth of PPP

projects, which are sometimes illegally used by local governments as financing

tools for projects which have been deemed inefficient. Experts predict that

tighter regulations will be set.