PRESS DIGEST – China – Sept 29

SHANGHAI, Sept 29 (Reuters) – Chinese newspapers available
in Beijing and Shanghai carried the following stories on Monday.
Reuters has not checked the stories and does not vouch for their
accuracy.

PEOPLE’S DAILY

- The ruling Communist Party of China and the State Council,
the cabinet, in a joint decree banned party and government
officials from holding meetings at scenic spots in the latest
official move to crack down on corruption.

CHINA SECURITIES JOURNAL

- The government is likely to step up its targeted monetary
easing in the fourth quarter of this year after it posted a slew
of weak economic data of late, analysts say.

SHANGHAI SECURITIES NEWS

- Preparations have been completed for the launch of the
Shanghai-Hong Kong connect, which will allow investors in the
two cities to invest in each other’s stock market, after the
Shanghai Stock Exchange conducted the third round of tests in
its computer system designed for the programme over the weekend.

CHINA BUSINESS NEWS

- The value of assets managed by 100-plus Chinese brokerages
is expected to exceed 10 trillion yuan ($1.6 trillion) next year
after it jumped to more than 7 trillion yuan around the end of
July from 5 trillion yuan by the end of last year, thanks to the
government’s efforts to encourage innovations by securities
houses.

CHINA DAILY

- Participants at the ongoing Beijing-Tokyo Forum have
called upon media professionals in China and Japan to provide a
more balanced and objective view of each other’s country to help
prevent Sino-Japanese relations from deteriorating further.

- Yuan activities are accelerated across European
financial centres, including London, Paris and Luxembourg,
signalling a big step forward in the internationalisation of the
Chinese currency and Europe’s crucial role in supporting the
process.

SHANGHAI DAILY

- U.S. lingerie brand Victoria’s Secret, owned by L Brands
Inc, has won 500,000 yuan and a public apology from a
Chinese investment management firm that used its trademark at a
store and at lingerie shows, a Shanghai court ruled.

For Hong Kong and South China newspapers see…..
($1 = 6.127 Chinese yuan)

(Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu)

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