UPDATE 1-PRESS DIGEST - China - June 19
BEIJING/SHANGHAI, June 19 (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-owned Assets Supervision and Administration Commission issued a notice on Wednesday banning staff of state firms from holding stakes in their employers' affiliates.
SHANGHAI SECURITIES NEWS
-- Pingdingshan Tianan Coal Mining Co (601666.SS) said it raised the prices of coking coal by 300 yuan per tonne on June 10, its second price hike since May.
-- The China State Council urged governments of all levels to reduce the tax burden on individuals and companies in earthquake-stricken areas.
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SECURITIES TIMES
-- China will be prudent in adjusting oil product prices as the country is facing significant inflation pressure, said Zhang Xiaoqiang, deputy chief of the country's top economic planner.
-- Shanghai Tunnel Engineering Co (600820.SS) said it has won a 850 million yuan contract to build a entertainment facility in Singapore.
CHINA BUSINESS NEWS
-- China Life Insurance Co (601628.SS) is in talks to take a stake in Ningxia Bank.
FINANCIAL NEWS
-- China issued 827.69 billion yuan ($120.3 billion) worth of various bonds in the first five months this year, up 16.5 percent from a year earlier, data from the central bank showed.
CHINA DAILY (www.chinadaily.com.cn)
-- Around 830,000 tickets for the Beijing 2008 Paralympic Games will be sold from Friday at 30 yuan to 80 yuan each.
-- China denied that it has exported a large amount of performance-enhancing drug ingredients, a senior official with the State Food and Drug Administration said.
PEOPLE'S DAILY
-- Wheat output in central China's Henan province, which produces a tenth of China's grains, is expected to increase 750,000 tonnes to a record high of 30.5 million tonnes this year.
