SHANGHAI Jan 28 Chinese newspapers available in
Beijing and Shanghai carried the following stories on Tuesday.
Reuters has not checked the stories and does not vouch for their
SHANGHAI SECURITIES NEWS
- The government's tight liquidity stance in 2013 that
decreased cash supply to China's banking system contributed to
the slowest annual asset and liability growth in Chinese banks
in a decade last year.
- Chinese premier Li Keqiang advocated the use of new energy
cars during a trip to Chinese automaker BYD Co Ltd in
the central Chinese city of Xi'an, as a means to tackle China's
severe pollution problem.
- New rules of the Shanghai and Shenzhen stock exchanges
that set daily limits for new listings and order suspension at
limits, adopted this year to curb rampant speculation in new
listings, have caused many newcomers to trade only a few minutes
on their debut day. That reflects defects in the new
CHINA SECURITIES JOURNAL
- The latest reform by the People's Bank of China to offer
cash to smaller banks via the Short-term Lending Facility (SLF)
mechanisms has enabled the central bank to adjust liquidity
supply in the banking system with precision, a commentary by
this major Chinese financial newspaper said.
- Analysts once again propose China's stock market
to adopt a T+0 system, or the same-day trading system, to help
activate sluggish trading in large-capitalised blue chips.
- An editorial by this mouthpiece of the ruling Communist
Party of China criticised that some government meetings have
been too extravagant. The party is launching a sweeping
clampdown on official corruption.
- Chinese authorities in the northern-central Chinese city
of Xinzhou have taken a man into custody after he posted rumours
about H7N9 bird flu on local social media.
- Fu Weimin, the former director and Party chief of the
forestry administration of Dongfang, was removed from his post
after he took more than 260,000 yuan ($43,000) in cash gifts at
his mother's funeral, China National Radio reported. Fu hosted
feasts for guests over six days in January.
- An H7N9 bird flu epidemic in China is "unlikely" during
the country's week-long Spring Festival holiday in late January
and early February, according to the director of the Chinese
National Influenza Center. The bid flu virus has killed 19
people in China this year.
- Authorities in Shanghai have jailed four people for using
waste oil for cooking, the Changning District People's Court
ruled on Monday. China has struggled with food safety issues
from chemical-tainted milk to fake donkey meat.
- Seven companies will list on the Shenzhen Stock Exchange
on Wednesday, bringing the total number debuting in the mainland
bourses in the first three days of this week to 24.
For Hong Kong and South China newspapers see.....