SHANGHAI, April 12 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
CHINA SECURITIES JOURNAL
- China's railway investment reached 54.5 billion yuan
($8.80 billion) in the first quarter of 2013, up 28 percent from
a year earlier, as construction activities accelerated.
According to the national plan, China will invest 520 billion
yuan in railway infrastructure this year and 5,200 km of new
lines will be put into use.
SHANGHAI SECURITIES NEWS
- Central Huijin, a unit of China's sovereign wealth fund
China Investment Corp, has spent about 200 million yuan
($32.28 million) this year to raise its stakes in major
state-owned banks Industrial and Commercial Bank of China
, Bank of China and Agricultural Bank of
China. Huijin has completed the fourth round of
share purchases in four major state-owned banks on April 9 and
has not said whether it will launch a new round.
- The inventory of quality office space in 14 major Chinese
cities may surge 80 percent within the next four years and some
second-tier cities may suffer from an oversupply, according to
research by real estate services provider CB Richard Ellis.
- China's ocean watchdog has vowed to ban offshore projects
that cause marine pollution. Xu Guodong, deputy director of the
environmental protection department of the State Oceanic
Administration, said developers of offshore projects must hand
in a marine environment influence report and if the report does
not pass evaluation, the project would be blocked.
- Due to a severe drought in Yunnan, the Agricultural Bank
of China said it will increase loans to the farm sector to
combat drought and support spring ploughing in the province.
For Hong Kong and South China newspapers see.....