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UPDATE 1-PRESS DIGEST - China - March 18

Mon Mar 17, 2008 9:51pm EDT
 
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BEIJING/SHANGHAI, March 18 (Reuters) - 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 accuracy.

CHINA SECURITIES JOURNAL

-- China will not use public housing funds to buy stocks, but will consider raising funds from the capital markets to help ease a housing shortage for low-income families, Construction Minister Qi Ji said.

-- Bosera Funds has received regulatory approval to invest in overseas capital markets under China's Qualified Domestic Institutional Investor scheme.

-- China should curb the net outflow of capital from the stock market to help reverse a slide in the benchmark stock index, said Jin Yanshi, a prominent Chinese economist.

SHANGHAI SECURITIES NEWS

-- China's central bank has yet to decide whether to hike interest rates again in the near term, central bank governor Zhou Xiaochuan said.

SECURITIES TIMES  Continued...

 

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