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UPDATE 1-PRESS DIGEST - China - April 30

Tue Apr 29, 2008 10:09pm EDT
 
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BEIJING/SHANGHAI, April 30 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Wednesday. Reuters has not checked the stories and does not vouch for their accuracy.

SECURITIES TIMES

-- A new rule regarding futures trading will become effective on Thursday, allowing China's securities regulator to clarify false or incomplete information that might disrupt order in the country's futures markets.

-- China's 1,574 listed companies whch have filed annual results booked a combined net profit of nearly 1 trillion yuan ($143 billion) in 2007, up 48.8 percent from a year earlier.

-- The deputy chief of China's State Administration of Grain said domestic grain prices would be basically stable this year as stockpiles were enough to supply the country for more than one year.

-- Baoshan Iron and Steel Co (600019.SS: Quote, Profile, Research, Stock Buzz) said it had gained approval from China's securities regulator to issue bonds under certain conditions. It said last December it planned to issue convertible bonds not exceeding 10 billion yuan.

FINANCIAL NEWS

-- China is considering requiring e-commerce operators to keep their customers' information and sales records for at least 10 years, according to a standard proposed by the Ministry of Commerce showed.  Continued...

 

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