SHANGHAI, July 19 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 banks hold deposits of 9.85 trillion yuan ($1.60
trillion), which is sufficient to handle any liquidity issues,
Xiu Yan, a department director in the China Banking Regulatory
Commission (CBRC), said at a forum on Thursday.
- According to official second-quarter figures, 1,532
Chinese mutual funds held by 72 companies lost a total of 49.035
billion yuan, in stark contrast to the 69.695 billion yuan
profit made in the first quarter.
SHANGHAI SECURITIES NEWS
- Chinese elevator and escalator company SJEC Corp
announced plans to repurchase 29.41 million of its
shares for up to 8.5 yuan per share, accounting for about 7.06
percent of its total share capital. The company is aiming to
spend no more than 250 million yuan.
- The authority to register international non-governmental
organizations has been devolved to provincial civil affairs
authorities from the Ministry of Civil Affairs as part of the
efforts to make NGO operations in China easier.
- China will allow foresters and forestry production
managers to use commercial forestry contracts to secure bank
loans for foresting purposes, according to new rules released by
the CBRC and the State Forestry Administration on Thursday.
For Hong Kong and South China newspapers see.....