PRESS DIGEST - China - April 27

BEIJING/SHANGHAI, April 27 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy.

CHINA SECURITIES JOURNAL

-- Shanghai International Group (SIG), the investment arm of the Shanghai government, plans to restructure troubled financial investment firm AJ Corp (600643.SS). SIG current holds a 1.35 percent stake in AJ as its second-biggest shareholder.

-- Guoyuan Securities Co's 000728.SZ first-quarter net profit rose 32.3 percent to 130 million yuan, as a rebound in the domestic stock market improved revenue.

-- Dongfang Electric Corp (600875.SS)(1072.HK) plans to raise up to 5 billion yuan by selling as many as 145 million Chinese A shares to 10 select investors including its parent Dongfang Electric Group.

SHANGHAI SECURITIES NEWS

-- Chinese brokerage Hong Yuan Securities (000562.SZ) posted a 3.73 percent rise in first-quarter net profit to 315 million yuan.

FINANCIAL NEWS

-- China's civil aviation industry made a profit of 1.65 billion yuan in the first quarter of this year.

CHINA DAILY (www.chinadaily.com.cn)

-- Guo Boxiong, vice chairman of China's top military decision-making body, urged its navy to beef up combat capacity to better protect the country's maritime security.

-- China has joined the worldwide surveillance against a hitherto unknown swine flu that has killed at least 81 people in Mexico and has the potential to cause a global pandemic.

PEOPLE'S DAILY

-- Only 65 percent of China's national standards for products and services meet levels required by International Organisation for Standardisation and other foreign standard organisations.