• Most Popular
  • Most Shared

PRESS DIGEST - China - Jan 23

Thu Jan 22, 2009 9:48pm EST

Stocks

   

BEIJING/SHANGHAI, Jan 23 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Friday. Reuters has not checked the stories and does not vouch for their accuracy.

CHINA SECURITIES JOURNAL

-- Ping An Insurance (Group) Co of China Ltd (2318.HK) (601318.SS) will launch a fund-management unit as early as March, according to sources with direct knowledge of the matter.

SHANGHAI SECURITIES NEWS

-- China is drafting plans to invigorate seven major industries: shipbuilding, petrochemicals, light industry, textiles, nonferrous metals, equipment manufacturing and electronic information, after the government announced plans to boost the country's steel and auto sectors, according to Li Yizhong, head of the Ministry of Industry and Information Technology.

-- Shanghai will roll out real estate investment trust products (REITs) this year and will take the lead in a pilot programme that would enable the Chinese currency, the yuan, to be used in international trade settlements, said Fang Xinghai, director-general of the Shanghai Municipal Government's Financial Services Office.

SECURITIES TIMES

-- Baoshan Iron and Steel Co (600019.SS) has entered into a strategic alliance with CIMC (000039.SZ), the world's largest shipping container maker, to fill half of CIMC's needs for cold-rolled stainless steel in 2009. (Compiled by Beijing and Shanghai Newsrooms; Editing by Jacqueline Wong)



More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    Federal Reserve Chairman Ben Bernanke is pictured at his Senate Banking, Housing and Urban Affairs Committee hearing on his nomination to continue as Chairman of the Board of Governors, on Capitol Hill in Washington, December 3, 2009. REUTERS/Jason Reed

    No great expectations

    Investors are getting antsy about when the Fed will tighten its purse strings, now that the economy appears to be coming back to life.   Full Article 

    ECONOMY
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures