PRESS DIGEST – China – Sept 15

September 15, 2014
By

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

accuracy.

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.

PEOPLE’S DAILY

– 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 DAILY

– 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)

  • Investment & Company Information
  • China

Powered By WizardRSS.com | Full Text RSS Feed | Amazon WordPress | rfid blocking wallet sleeves
Go to Source

Comments are closed.