UPDATE 1-PRESS DIGEST - China - March 19

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BEIJING/SHANGHAI, Mar 19 (Reuters) - 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.

SHANGHAI SECURITIES NEWS

-- Dalian Port has no plans to acquire Jinzhou Port (600190.SS) or inject assets into it over the next three months, Jinzhou Port said in an exchange filing, denying a media report.

CHINA SECURITIES JOURNAL

-- Lingyuan Steel's (600231.SS) net profit slumped 37.3 percent last year to 356.3 million yuan ($52.13 million), while sales grew 23.9 percent.

SECURITIES TIMES

-- Chinese cookware maker Zhejiang Supor 002032.SZ, controlled by France's SEB (SEBF.PA), posted a 37.55 percent jump in 2008 net profit to 237 million yuan, while revenue grew 23.48 percent.

FINANCIAL NEWS

-- China Development Bank (CDB) agreed to provide an 80 billion yuan ($11.7 billion) line of credit to the northwestern Ningxia Hui Autonomous Region. The credit will be extended over three to five years and will focus on construction of coal, power and transportation projects.

-- Bank of Communications (3328.HK)(601328.SS) Chairman Hu Huaibang said the bank will cut the salaries of senior executives.

CHINA DAILY (www.chinadaily.com.cn)

-- The local government of the southern city of Guangzhou said it would release a new medical insurance scheme for migrant workers this year, allowing them to be reimbursed up to a maximum of 278,000 yuan ($40,680) each annually. The proposed scheme will also lower contribution costs for employers.

PEOPLE'S DAILY

-- Hangzhou city will issue a second batch of vouchers amounting to 600 million yuan ($88 million) beginning on Friday. The vouchers can be used by Hangzhou residents as well as tourists and are aimed at boosting consumer spending. The city sent out a first batch of vouchers in January. ($1=6.834 Yuan) (Compiled by Beijing and Shanghai Newsrooms; Editing by Edmund Klamann)