PRESS DIGEST- China - June 6

June 6 Thu Jun 5, 2014 9:34pm EDT

June 6 (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's regulator said in an exposure draft that it would vigorously promote innovative development in Chinese fund companies by setting up an open and flexible management system.

SHANGHAI SECURITIES NEWS

- The National Development and Reform Commission has held a meeting with power firms and will hold another one with industry experts next week, indicating that China is going to further advance electric reforms.

CHINA BUSINESS NEWS

- China's May Consumer Price Index (CPI) could rebound to 2.5 percent, the newspaper said in its research report, quoting 20 economists.

CHINA DAILY

- China must take an open-minded and pragmatic approach when revising its immigration policy with an eye to retaining foreign talent, the newspaper said in a commentary.

For Hong Kong and South China newspapers see..... (Compiled by Chen Yixin and Kazunori Takada in Shanghai; Editing by Anand Basu)

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