PRESS DIGEST- China - March 7

March 7 Thu Mar 6, 2014 8:33pm EST

March 7 (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

- The two-way movements of China's yuan against the dollar are favourable for further financial reforms, including the liberalisation of deposit rates and the introduction of foreign exchange derivative products, a commentary by the newspaper said.

SHANGHAI SECURITIES NEWS

- China (Shanghai) Pilot Free Trade Zone plans to shorten its negative list for foreign investment in 2014, Shanghai's Party Secretary, Han Zheng, said in a sub-session of China's on-going annual parliamentary meeting in Beijing.

CHINA BUSINESS NEWS

- China's central bank has finished drafting regulations governing the country's first deposit insurance mechanisms, which are expected to be promulgated soon.

PEOPLE'S DAILY

- The Chinese government should keep economic reforms a top priority and step up enforcement of pronounced reform polices, the mouthpiece of the ruling Communist Party of China said in an editorial.

For Hong Kong and South China newspapers see.....

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