April 30 Chinese newspapers available in Beijing and Shanghai carried the following stories on Wednesday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA SECURITIES JOURNAL
- Sources told reporters that new detailed standards regarding the regulation of IPOs, in particular pertaining to underwriting, subscription processes and private equity should be released in the near future.
- Profits in a total of 2,473 listed companies hit 2.24 trillion yuan ($357.94 billion) in 2014, rising 14.68 percent from a year earlier, Wind Information data showed.
SHANGHAI SECURITIES NEWS
- Profits at listed Chinese companies beat expectations in 2013, rising over 14 percent.
- The Supreme Court ruled that all parole and early-release hearings involving officials imprisoned for graft must be open to the public.
(Reporting by the Shanghai Newsroom; Editing by Anupama Dwivedi)