PRESS DIGEST - China - June 29
SHANGHAI, June 29 (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
- Property markets in China's first- and second-tier cities might boom after the central bank cut interest rates and the reserve requirement ratio, an industry insider told the newspaper.
SHANGHAI SECURITIES NEWS
- Shanghai is asking for approval from China's regulator to allow eligible commercial banks to set up wholly owned private equity investment firms in Shanghai, said Jin Xingming, deputy secretary-general of the Shanghai government.
CHINA DAILY
- The fight against the Islamic State has been ineffective because Iraqi and Syrian government forces are too weak and the West has been too half-hearted to deliver substantial assistance, an editorial said.
For Hong Kong and South China newspapers see.....
(Reporting by Chen Yixin and Pete Sweeney; Editing by Biju Dwarakanath)
