IN a move signalling the worsening conflict between Beijing and the regions, banks in Guangdong are resisting the central Government's orders against unregulated deposit-taking by offering depositors premiums not allowed under state regulations. Moreover, officials in the south China province are also trying to beat Beijing's tight control over state properties by speeding up the selling-off of state assets to foreign investors. Fearing a further increase in the interest rate would aggravate the debt problems of state enterprises in the country, Beijing has issued numerous orders in the past year warning local bank chiefs to strictly adhere to the deposit rates set by the Central Bank. And in the past month, central government officials have openly criticised local officials of under-valuing state assets in setting up joint ventures with foreign investors and claimed that carelessness by local cadres was responsible for the huge losses of state properties in recent years. Although the financial crunch was applied across the country, wealthy provinces along the eastern seaboard felt the pinch more acutely than their inland counterparts which enjoyed hefty subsidies and loans from Beijing every year. The official China News Service yesterday reported that banks in Guangdong were offering depositors interest rates double or even triple the official deposit rates. For example, a bank from the Yingde area offered some of its clients 22 per cent per annum deposit rates and another bank from the Pearl River city Panyu beat its competitors by offering depositors from the Zhongshan University in Guangzhou deposits rates as high as 30 per cent. And the CNS quoted a senior official of Guangzhou as saying that the city Government was speeding up the selling-off of a number of state properties including bridges, tunnels, water-supply plants and hotels to foreign investors. The CNS report explained that the cadres in Guangdong were forced to take these moves because of Beijing's tight grip on credits. Lending to industrial enterprises in the form of circulating capital shrunk 1.6 billion yuan (HK$1.42 billion) in the first half of this year, the CNS said. Industrial growth rate in the six-month period also climbed down from the 35 per cent in 1993 to 22 per cent this year. Compared with 1990, the CNS said enterprises were now enjoying much less financial support from banks in the form of loans as circulating capital. And according to the People's Daily yesterday, the State Planning Commission has decided to increase subsidies to the poor provinces in the central and western parts of the country. Not only would the state invest more on the key infrastructure projects in these areas, the central Government was also prepared to increase their ''anti-poverty'' allocations.