PRESS DIGEST - China - Dec 2

BEIJING/SHANGHAI, Dec 2 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy.

CHINA SECURITIES JOURNAL

-- China's annual consumer price inflation may fall further to below 3.0 percent in November from 4.0 percent in October, mainly because of soft food prices, analysts polled by this newspaper said.

-- Yuan CNY=CFXS weakness against the dollar may continue for a while, helping to stimulate Chinese exports, analysts said after the yuan on Monday posted its biggest fall against the dollar since its peg to the U.S. currency was removed in 2005.

-- The size of newly created bond funds is shrinking; most look set to attract just over 1 billion yuan ($145 million) of subscriptions, compared with an average of 2.27 billion yuan for funds launched since June. This is because most subscriptions are now from individual investors, as institutional investors increasingly see little room left for bonds to rally further.

-- Livzon Pharmaceutical Group (000513.SZ)(200513.SZ) said it had obtained approval from all authorities, including the foreign exchange regulator, to remit HK$160 million into the country to buy back some of its B shares.

SHANGHAI SECURITIES NEWS

-- China Securities Regulatory Commission chairman Shang Fulin reiterated his commitment to various initiatives including the promotion of mergers and restructuring among listed companies, the development of the corporate bond market, and the eventual creation of a new board for the shares of growth enterprises in Shenzhen.

-- The board of Shanghai International Port (Group) Co (600018.SS) approved a plan to issue 3.7 billion yuan of short-term bills.

-- Shirt maker Shanshan Co (600884.SS) said it planned to buy a 25 percent stake in a copper smelting firm from its parent group for 320 million yuan.

-- Some traders think the yuan's steep fall against the dollar on Monday was only a short-term phenomenon, and still see a good chance of yuan strength in the medium and long terms.