SHANGHAI, March 17 Chinese newspapers available
in Beijing and Shanghai carried the following stories on
Thursday. Reuters has not checked the stories and does not vouch
for their accuracy.
CHINA SECURITIES JOURNAL
-- A poll by the People's Bank of China showed that 74.4
percent of residents believe housing prices are overly high and
unacceptable. Some 66.1 percent of bankers expect China's
monetary policy to tighten further in the second quarter.
-- Half of China's polysilicon consumption will still rely on
imports, but the supply shortage will improve and
self-sufficiency is expected to be achieved in two or three
years, Wang Sicheng, a researcher of the energy branch of the
National Development and Reform Commission was quoted as saying.
SHANGHAI SECURITIES NEWS
-- The China Banking Regulatory Commission (CBRC) will
accelerate the implementation of a series of new Basel III
banking regulations over the next five years to transform and
improve the sector's risk management capabilities, said the
commission's Chairman Liu Mingkang.
-- The CBRC plans to introduce four new monitoring tools to
assess the performance of its commercial banks, including capital
adequacy ratio, dynamic positioning requirement, leverage and
liquidity ratio, the paper said.
-- China's National Development and Reform Commission and
Ministry of Housing and Urban-Rural Development plan to inject 35
billion yuan ($5.33 billion) in building lower-cost homes in
-- Major Chinese ship builder China Shipping Development Co
Ltd (600026.SS) (1138.HK) forecast its net profit rose 27.9
percent in 2010 from 2009, and its freight traffic turnover rose
-- Most superstores in Shanghai have suspended selling meat
products made by Shuanghui Group, China's biggest meat processor,
after an illegal drug was reportedly used to produce lean meat.
-- China launced its first overseas study deposit scheme to
ensure students' commissions are paid off should an agency cheat
them or shut down business.