PRESS DIGEST - China - Oct 22

BEIJING/SHANGHAI, Oct 22 (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's State Council, the country's cabinet, said it aimed for stable economic growth, a secure autumn harvest, promotion of industrial structural adjustment and decreased emissions among its targets for the coming several months.

-- China's securities regulator will monitor closely to prevent speculative trading in the country's Nasdaq-style stock market, due for launch this month, and will supervise the use of funds raised in the market, said Yao Gang, vice chairman of the China Securities Regulatory Commission.

-- China's banking sector faces rising risks from rapid growth in bank lending, despite declining bad loan ratios, said the country's top banking regulator, Liu Mingkang.

-- Poly Real Estate Group Co Ltd (600048.SS), a leading property developer, has spent more than 19 billion yuan ($2.78 billion) to purchase land since September, after recently spending 9 billion yuan to buy land in four cities.

-- Chinese steel mills have slowed the pace of steel product price cuts, indicating that prices in the domestic physical markets could rebound soon.

-- China National Coal Group said its raw coal production in the first three quarters of the year rose 7.8 percent from a year earlier to 92.86 million tonnes

SHANGHAI SECURITIES NEWS

-- China's Ministry of Commerce is considering further measures to subsidise purchases of home appliances in the country's rural areas, an unnamed expert close to the ministry said.

SECURITIES TIMES

-- China International Travel Service Corp Ltd (601888.SS) said its net profit rose 12 percent in the first three quarters to 246 million yuan.

FINANCIAL NEWS

-- China Agricultural Development Bank extended loans totalling 5 billion yuan ($732.4 million) in the first nine months to agricultural technological projects, up 25 percent from year earlier period.

PEOPLE'S DAILY

-- Vice Premier Li Keqiang said the government would make it an important task to ensure sufficient supply of mineral resources to maintain stable and fast economic growth. He advocated working hard to increase the exploration of resources within the country.

-- China Investment Corp Chairman Lou Jiwei said the $200 billion sovereign wealth fund has quickened its investment pace this year and received good returns from overseas investments so far. ($1=6.827 Yuan) (Compiled by Beijing and Shanghai Newsrooms; Editing by Edmund Klamann and Ken Wills)