SHANGHAI Aug 8 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 Chongqing has become the first provincial level
government to test public-private partnership (PPP) in the
country's state-owned enterprise reform, signing contracts worth
100 billion yuan ($16 billion) under the model on Thursday.
- Foreign investors have stepped up their investment in
China's stock market since the start of July as the
market shows signs of recovery while the yuan is
slowly appreciating, adding value to the assets denominated in
the Chinese currency.
SHANGHAI SECURITIES NEWS
- Investment in trust products by Chinese insurance
companies surged by 38.5 percent from the end of last year to
200 billion yuan by the end of the first quarter this year,
alarming the China Insurance Regulatory Commission, which is
launching an investigation into the unusual rise.
- The Shanghai government has issued new rules to support
Internet finance in the fledging stage in China, including
offering fund-raising support to related companies.
- Food companies should withdraw substandard products that
are a threat to health as soon as they are discovered, a draft
document by China's top food safety watchdog said after a slew
of food scandals involving Chinese chain shops of big names such
as McDonald's Corp and Yum Brands Inc.
- The upholding by the High People's Court in central Hubei
province of the death sentence for Liu Han, a former mining
tycoon, means China will not tolerate Mafia-like gangs, the
newspaper, the mouthpiece of the ruling Communist Party of
China, said in a commentary.
For Hong Kong and South China newspapers see.....
($1= 6.1619 Yuan)
(Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu)