SHANGHAI, July 4 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
- Total deposits of China's 'big four' banks, Bank of China
Ltd, China Construction Bank Corp,
Industrial and Commercial Bank of China Ltd and
Agricultural Bank of China Ltd, reached 2.2 trillion
yuan ($354.18 billion) in June, but industry insiders say these
banks still face strong pressures to increase their deposits.
SHANGHAI SECURITIES NEWS
- The Ministry of Finance is going to launch a series of
policies on reimbursement of charging facilities and tax waiver
for new energy vehicles, sources told the newspaper.
21st CENTURY BUSINESS HERALD
- The Urban-Rural Development Commission of the city of
Jinan in Shandong province said it was still looking into
loosening home purchase rules in the city and was waiting for
approval from the Department of Housing and Urban-Rural
Development. The response came after local media reported the
city had relaxed home buying regulations.
- Shanghai is likely to raise the price of household gas by
at least 20 percent to reflect global costs and encourage energy
conservation, according to the Shanghai Development and Reform
Commission. This is the first time the city is raising gas
prices since 2008. No timetable was announced by the government.
- China's top coal-producing region, Inner Mongolia, said on
Thursday that coal miners no longer need local government
approval for corporate transfers or for merger and acquisition
deals, a move aimed at accelerating consolidation in the sector.
- The central government will insist on the principle of
'one country, two systems' for Hong Kong, the newspaper said in
For Hong Kong and South China newspapers see.....
($1 = 6.2115 Chinese Yuan Renminbi)
(Reporting by Shanghai Newsroom; Editing by Anupama Dwivedi)