PRESS DIGEST - China - Oct 30
BEIJING/SHANGHAI Oct 30 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Friday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA SECURITIES JOURNAL
-- China Jianyin Investment handed over 20,692.25 million H-shares of China Construction Bank (601939.SS)(0939.HK) to Central Huijin, an arm of China's $200 billion sovereign wealth fund, as agreed earlier in the year.
-- There is no clear time table for China's Ping An Insurance (601318.SS)(2318.HK) to take a stake in Shenzhen Development Bank (000001.SZ) due to the complicated approval process, said Frank Newman, the bank's chairman.
SHANGHAI SECURITIES NEWS
-- Mainland-listed firms posted better-than-expected third quarter results, with an average of a 2 percent fall in net profit over the previous year as the economy recovers. Compared to the previous quarter, firms reported an average 3.3 percent increase in net profit.
-- New ship orders received by China's shipyards in the first nine months fell 70 percent from a year earlier to 16.92 million dead weight tonnes, said the China Association of National Shipbuilding Industry.
CHINA BUSINESS NEWS
-- Benchmark on-grid tariffs for solar power stations have been set in the range of 1.1 to 1.2 yuan per kilowatt hour, and will be announced by the end of the year if they get final approval, the paper quoted an unnamed official from the National Development and Reform Commission as saying.
FINANCIAL NEWS
-- China's overall banking assets totaled 75.3 trillion yuan ($11,030 billion) at the end of September, up 26.9 percent from a year earlier, while total liabilities increased 20 percent to 71.1 trillion yuan, the China Banking Regulatory Commission said.
CHINA DAILY (www.chinadaily.com.cn)
-- The A/H1N1 influenza virus was responsible for nearly 80 percent of China's total flu infections and most mass cases occurred in schools, a senior health official said.
-- The number of A/H1N1 infections soared nearly 60 percent from a week earlier to 1,299 cases in Beijing, local health official said. The city reported the first death from the flu on Tuesday.
PEOPLE'S DAILY
-- China's customs administration said imports of solid waste must be sorted and declared item by item at customs checkpoints, in an effort to stem illegal imports of "overseas rubbish."
-- China produced a super-computer that has peak computing capacity of over 1,000 trillion times per second, becoming the second country after the United States that can produce such high-speed computers.
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