January 15, 2014 / 1:35 AM / 4 years ago

PRESS DIGEST - China - Jan 15

Jan 15 (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.


- China’s liquidity will remain tight ahead of the Spring Festival due to seasonal factors and as the country resumes initial public offerings.

- Regulators should be tough in the fight against IPO fraud, the newspaper said in an editorial.

- Anhui Conch Cement Co Ltd said in a statement that it forecast a 50 percent year-on-year rise in its 2013 net profit.


- China should scarp banks’ loan-to-deposit ratio, said Wu XiaoLing, former deputy governor of the People’s Bank of China.


- Chinese automakers are shunning North America’s largest auto show, which opened in Detroit on Monday, for the first time in eight years despite their repeated pledges to explore overseas markets.


- Government officials should learn how to work under supervision, said a commentary in the paper that acts as the Party’s mouthpiece. Those complaining that it is no longer easy to be a government official fail to form a correct ideology of power, which goes hand in hand with responsibility and dedication, it said.

For Hong Kong and South China newspapers see.....

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