PRESS DIGEST - China - Dec 30
SHANGHAI, Dec 30 (Reuters) - Chinese newspapers in Beijing and Shanghai carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA SECURITIES JOURNAL
- China's net foreign financial assets declined as of the end of the third quarter, said the State Administration of Foreign Exchange.
- China Academy of Social Sciences said the photovoltaic industry would continue to lead the new energy sector in the next two years.
SHANGHAI SECURITIES NEWS
- China will reinforce risk management in its bond repurchase market, said Dai Wenhua, the general manager of China Securities Depository and Clearing Corporation Ltd, following policy moves to reduce the ability of lower-rated issuers to use the market for refinancing.
CHINA BUSINESS NEWS
- The China Academy of Social Sciences said in a report that China's implicit pension debt could reach 86.2 trillion yuan ($13.85 trillion).
SECURITIES TIMES
- The size of assets under management at Chinese mutual funds has reached 4.2 trillion yuan ($675.06 billion) as of the end of November, the paper said citing data from the industry association.
SHANGHAI DAILY
- Steel bars collapsed at a construction site in Beijing, killing ten workers and injuring four more. The construction project is at one of the most renowned high schools in the city.
CHINA DAILY
China will accelerate the negotiation of a free trade zone agreement with the Gulf Cooperation Council and launch FTA talks with Israel.
For Hong Kong and South China newspapers see..... ($1 = 6.2217 Chinese yuan renminbi) (Compiled by Shanghai Newsroom; Editing by Biju Dwarakanath)
