UPDATE 1-PRESS DIGEST - China - March 14

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BEIJING/SHANGHAI, Mar 14 (Reuters) - 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 accuracy.

CHINA SECURITIES JOURNAL

-- China Securities Regulatory Commission Chairman Shang Fulin said in an article that reforms to the capital markets would continue without a pause.

-- A securities regulatory official from Hunan Province, attending the National People's Congress, suggested that the securities law be revised to permit people doing securities business to buy shares in their own companies, or to receive them as incentives.

SHANGHAI SECURITIES NEWS

-- The Finance Ministry has set tax incentives for people who buy low-cost housing or rent out their homes.

-- Xining Special Steel Co (600117.SS: Quote, Profile, Research, Stock Buzz) said net profit excluding extraordinary items rose 47 percent to 292.3 million yuan ($41.2 million) last year, as revenue climbed 68 percent to 5.77 billion yuan.

-- Long March Launch Vehicle Technology Co (600879.SS: Quote, Profile, Research, Stock Buzz), which makes equipment for rockets and satellites, is buying Huangshi Anrad Radiation Cable Co for 49.8 million yuan.