UPDATE 1-PRESS DIGEST - China - June 6

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BEIJING/SHANGHAI, 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 securities regulator will support companies that suffered damage from last month's earthquake via "fast track" approvals of financing plans, Shang Fulin, head of the China Securities Regulatory Commission, said in a visit to quake-hit Sichuan province.

-- Industry officials and analysts have mixed views on whether price controls on coal for electric power generation that have been implemented in three coal-producing provinces will be extended nationwide.

-- Shenhuo Coal Industry and Electricity Power (000933.SZ) said it planned to invest 350 million yuan ($50.4 million) to build an aluminium strip and plate mill with annual capacity of 100,000 tonnes.

SHANGHAI SECURITIES NEWS

-- Pudong Construction (600284.SS) said it had won regulatory approval to issue up to 120 million additional domestic A shares to raise up to 1.5 billion yuan.

-- China Southern Airlines (600029.SS) said it planned to issue medium-term notes worth 1.5 billion yuan to boost its cash position.

-- Sichuan Minjiang Hydropower (600131.SS), one of the companies worst hit by the May 12 earthquake, said three transformer substations had resumed operation and another two were expected to restart soon.

SECURITIES TIMES

-- A Taiwan financial industry regulator at a news conference in Hong Kong called for strengthening ties between Taiwan's and China's stock markets.

FINANCIAL NEWS

-- Agricultural Development Bank of China, a policy lender, has provided 4.5 billion yuan in credit to earthquake-hit areas.

-- Business has resumed at up to 99 percent of financial firms' branches and outlets in Sichuan, Shaanxi and Gansu provinces that were affected by the May 12 earthquake, while 108 outlets in the hardest-hit zones have yet to resume operations.

CHINA DAILY (www.chinadaily.com.cn)