UPDATE 1-PRESS DIGEST - China - Oct 15
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BEIJING/SHANGHAI, Oct 15 (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 DAILY (www.chinadaily.com.cn)
-- The authorities in Guanxian county of Shandong province have suspended the business of all local cyber cafes for more than two months to drag teenagers indulged in the online world back to school and reality.
SHANGHAI SECURITIES NEWS
-- The second batch of companies to be listed on ChiNext, a Nasdaq-style bourse for start-ups expected to start trading this month, locked up 466.8 billion yuan ($68.38 billion) in funds when subscriptions were taken this week. That was below expectations and well short of nearly 800 billion yuan frozen by the first batch.
-- China Nonferrous Metal Mining Corp received government approval for a $50 million purchase of an 80 percent stake in Zambia's Luanshya Copper Mines, acquiring 3 million tonnes in copper reserves.
CHINA SECURITIES JOURNAL
-- The State Information Centre, a government think tank, said in a report that China's housing policies should be adjusted so that rising household expenditures on housing do not pressure consumer spending.
-- Poly Real Estate (600048.SS) said it spent 9.93 billion yuan to acquire land in seven major Chinese cities in September, while its January-September sales jumped 165.2 percent from a year earlier to 32.34 billion yuan.
-- Total premium income for Ping An Insurance (Group) Co of China (2318.HK) (601318.SS) in the first nine months of the year rose 34.6 percent from a year earlier to 133.5 billion yuan, while China Pacific Insurance's (601601.SS) premium income rose 1.4 percent to 77.8 billion yuan. ($1=6.826 Yuan) (Compiled by Beijing and Shanghai Newsrooms; editing by Ken Wills and Jacqueline Wong)
