SHANGHAI, Sept 15 (Reuters) – Chinese newspapers available
in Beijing and Shanghai carried the following stories on Monday.
Reuters has not checked the stories and does not vouch for their
CHINA SECURITIES JOURNAL
– China’s stock market is likely to continue its
recent rally, boosted by the country’s economic and market
reforms, this official newspaper said in a commentary.
– China will strengthen its system that requires listed
companies to have independent members in their boards so as to
help improve corporate governance, Xiao Gang, chairman of the
China Securities Regulatory Commission, said.
SHANGHAI SECURITIES NEWS
– Sinopec Corp’s announcement over the weekend
to sell a 107.1 billion yuan ($17.5 billion) stake in its retail
unit to a group of 25 Chinese and foreign investors signals that
the state-owned giant has quickened its pace to restructure
itself to bring in private capital and expertise.
– The Shanghai and the Hong Kong stock exchanges conducted a
second round of tests of their computer systems to prepare for
the launch of the Shanghai-Hong Kong connect, which will allow
investors in the two cities to invest in each other’s markets.
– China should let the market decide initial public
offerings (IPOs), instead of sticking to an approval system in
which the government decides which firms could list, so as to
attract more high-quality companies to go public at home, this
mouthpiece of the ruling Communist Party said in an analysis.
– China’s middle class is increasingly growing interested in
equine sports as it looks for new ways to enjoy its wealth.
For Hong Kong and South China newspapers see…..
($1 = 6.1346 Yuan)
(Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu)
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