PRESS DIGEST - China - Aug 28
BEIJING/SHANGHAI, Aug 28 (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.
CHINA SECURITIES JOURNAL
-- China expects its tourism industry to have 100 million employees by 2015, up from 60 million at present, according to a report by the National Development and Reform Commission and other government agencies.
SHANGHAI SECURITIES NEWS
-- Shanghai International Airport (600009.SS) said its net profit in the first half of this year fell 39 percent to 508.5 million yuan ($74.3 million) because of a new fee structure introduced in March at the behest of the aviation regulator.
-- The central bank is holding urgent talks with real estate brokers to establish whether any easing of loan policy towards the property market would cause prices to resume rising. Industry sources say this suggests the central bank's desire to prevent any overheating of the market is unlikely to change.
-- Chengdu Dr. Peng Technology Co (600804.SS) said it was scrapping its stock incentive plan for employees because it did not conform to recently announced regulatory guidelines. It is the first case of such a plan being scrapped after it had come into effect.
-- Shanghai Stock Exchange data show that 530 million yuan worth of shares in Western Mining Co (601168.SS) were heavily sold on Aug. 22 and 26, after a large batch of stock in the company became tradable with the expiry of a lock-up period.
-- The China Securities Regulatory Commission, strengthening supervision of physical deliveries of commodities traded on futures exchanges, said foreign futures exchanges would for the time being not be permitted to establish warehouses in China. ($1 = 6.84 yuan)
© Thomson Reuters 2009 All rights reserved

