PRESS DIGEST - China - Aug 7

BEIJING/SHANGHAI, Aug 7 (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)

-- At least 388,000 people in southern China have been evacuated because of tropical storm Kammuri. No deaths have been reported so far.

-- Phone numbers of two Jiangxi governors were made public to hear complaints concerning the allocation of housing for low-income families.

PEOPLE'S DAILY

-- The Chinese women's football team won their first match of the Olympic Games in Tianjin by 2-1 against Sweden, which is widely seen as a good start for the country in the upcoming Games.

-- The opening ceremony for the Beijing Olympics on Friday will last three and a half hours.

CHINA SECURITIES JOURNAL

-- COFCO Property (000031.SZ), the real estate unit of China's largest food importer and exporter COFCO, has obtained regulatory approval to issue 1.2 billion yuan ($175 million) of corporate bonds.

-- Chongqing Vice Mayor Huang Qifan said the city would take eight measures to help stabilise the stock prices of Chongqing-related listed companies. Among the measures, the city will urge state shareholders to increase, rather than reduce, their holdings in listed companies. It will also support mergers and acquisitions.

SHANGHAI SECURITIES NEWS

-- Wangfujing Department Store (Group) Co (600859.SS) plans to sell 950 million yuan of convertible bonds with detachable warrants to fund the purchase of the 55 percent stake it does not yet own in a Beijing department store.

-- Ping An Securities and Guotai Junan Securities have obtained regulatory approval to conduct private equity business. So far, seven brokerages have been allowed to do such business.

-- Jiangnan Heavy Industry (600072.SS) said its parent had promised not to cut its stake in the firm until April 11, 2011, extending the lock-up period for the shares by two years. In the subsequent three years, the parent has promised not to sell any shares in Jiangnan Heavy if the stock price is below 30 yuan.

SECURITIES TIMES

-- Bank of Ningbo (002142.SZ) plans to spend 2.4 billion yuan constructing two office buildings, in Ningbo and Shanghai, for its own use. ($1 = 6.84 yuan) (Compiled by Beijing and Shanghai Newsrooms; Editing by Edmund Klamann)