PRESS DIGEST - China - April 27
SHANGHAI, April 27 (Reuters) - Chinese newspapers in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA SECURITIES JOURNAL
- A total of 1,307 A-share listed companies released their 2015 first-quarter results, reporting a total of 111.3 billion yuan ($17.97 billion) in net profit, up 5.9 percent from the year earlier, according to data from iFinD, a domestic financial information service company, the newspaper reported.
- China's commercial banks should encourage yuan as the reserve currency for the core cities along the "one Belt and one Road" scheme, said Gao Yingxin, vice president of the Bank of China.
SHANGHAI SECURITIES NEWS
- A total of five brokerages, four commercial banks and two fund companies were named in a list of those allowed to conduct private equity outsourcing services, the Asset Management Association of China said.
CHINA DAILY
- China's People's Liberation Army navy has started a microblog to improve transparency and a platform to communicate with the public, said Senior Captain Shen Liqing.
- China's global arrest warrants for corrupt officials who have fled overseas is illustrative of Beijing's resolve to advance the crackdown on corruption, according to an editorial in the paper. The China National Bureau of Interpol has issued global arrest warrants for the 100 most-wanted overseas corrupt officials.
CHINA BUSINESS NEWS
- Bank of Weifang, Dezhou Bank and Laishang Bank and several other city commercial banks and rural financial institutions were planning to list in China's leading over-the-counter (OTC) equity exchange or Beijing's "New Third Board", a brokerage source told the newspaper.
For Hong Kong and South China newspapers see..... ($1 = 6.1930 Chinese yuan renminbi) (Reporting by Chen Yixin and Engen Tham; Editing by Biju Dwarakanath)
