Press Digest - China - June 8
BEIJING/SHANGHAI, June 8 (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 DAILY (www.chinadaily.com.cn)
-- Chinese cities have turned their attention to bus safety in the wake of a bus fire in Chengdu on Friday that killed 27 people and injured 72.
PEOPLE'S DAILY
-- China and Japan held a second high-level economic dialogue on the global financial crisis and vowed to work together to boost bilateral trade relations.
-- China will hold a national anti-terror exercise beginning on June 9 as part of advance preparations for the 60th National Day celebrations in October.
SECURITIES TIMES
-- British insurer Old Mutual (OML.L) has scrapped a plan to buy a 49 percent stake in ABN AMRO TEDA Fund Management from Belgian-Dutch financial group Fortis (FOR.BR) due to changes in its business strategy. The plan was rejected by the China Securities Regulatory Commission.
-- China Merchants Bank (600036.SS) President Ma Weihua said profits at Chinese lenders will continue to fall for some time in the future, as the fundamentals of the real economy have not improved.
-- Deutsche Bank AG (DBKGn.DE) has entered the final stage of setting up a Chinese investment banking venture with Shanxi Securities Co. (Compiled by Beijing and Shanghai Newsrooms; Editing by Edmund Klamann)
