PRESS DIGEST - China - June 26
SHANGHAI, June 26 (Reuters) - Chinese newspapers in Beijing and Shanghai carried the following stories on Friday. Reuters has not checked the stories and does not vouch for their accuracy.
CHINA BUSINESS NEWS
- China's 'Big Four' banks have raised mortgage rates for first homes in the southeastern city of Shenzhen due to a booming local housing market, banking sources told the newspaper.
CHINA DAILY
- The launch of a long-anticipated registration-based system for initial public offerings (IPOs) in China is likely to be delayed until next year, according to a former member of the securities regulator's IPO review committee.
- China's imports of U.S. hardwood jumped 34 percent to $1.53 billion last year, according to data from the U.S. agriculture department.
CHINA SECURITIES JOURNAL
- China's economic growth could stabilise in the second half of the year or by around the third quarter, economists and brokerage researchers told the official newspaper.
SHANGHAI DAILY
- China is set to be the world's largest market for IPOs in the first half of 2015, according to a report from Ernst & Young. So far this year 241 companies have listed in China, raising an aggregate $40 billion, it added.
SHANGHAI SECURITIES NEWS
- China launched a pilot scheme in Shanghai on Thursday to make it easier for marine insurers to register new insurance products, the official paper said. The move is part of the country's wider insurance system reforms.
For Hong Kong and South China newspapers see..... (Reporting by Chen Yixin and Adam Jourdan; Editing by Biju Dwarakanath)
