CORRECTED - CORRECTED-UPDATE 1-PRESS DIGEST - China - May 20

(Corrects name in China Business News item to Wang Shi from Wang Zhi) (Adds items)

BEIJING/SHANGHAI, May 20 (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.

SHANGHAI SECURITIES NEWS

-- Agricultural Bank of China Vice President Zhang Yun said that the earthquake is expected to increase bad loans by 6 billion yuan ($857 million), but won't delay the lender's restructuring or capital injection.

-- As of May 18, China's insurers had paid a total of 14.63 million yuan in claims to earthquake victims.

-- At the end of last year, 23 brokerages in China had 80 billion yuan of assets under management.

-- Minjiang Hydropower Co's (600131.SS) main power generating assets, based in the Aba area, near the epicentre of last week's devastating earthquake, were totally cut off from the state grid. The company's shares have been suspended since May 13.

-- China Life Insurance Co Ltd (601628.SS) said its premium income for January-April was 128.0 billion yuan. -- Ping An Insurance (Group) Co of China Ltd (601318.SS) said its life insurance premium income for January-April was 35.1 billion yuan, while its property insurance premiums were 9.88 billion yuan.

CHINA BUSINESS NEWS

-- Vanke (000002.SZ), China's biggest listed developer, will participate in reconstruction work in earthquake-damaged Sichuan province and its chairman Wang Shi is investigating the situation in Sichuan's Zundao County.

FINANCIAL NEWS

-- Economists say the soaring cost of energy imports were an important reason for the fall in China's trade surplus in the first four months.

PEOPLE'S DAILY

-- China began three days of national mourning on Monday to pay tribute to tens of thousands of victims of the Sichuan earthquake. It's the first time in modern Chinese history that the country has staged a national mourning for people other than key political leaders. (Compiled by Beijing and Shanghai Newsrooms; editing by Ken Wills and Edmund Klamann)