PRESS DIGEST - China - Nov 5
Nov 5 (Reuters) - Chinese newspapers in Beijing and Shanghai carried the following stories on Thursday. Reuters has not checked the stories and does not vouch for their accuracy.
SECURITIES TIMES
- The authorities will reform state-owned companies and avoid direct intervention in the market, China finance ministry said in a statement on Wednesday to illustrate the State Council's earlier announcement on state-enterprise reform.
- China stock investors' confidence index rose 7.8 percent to 55.3 in October from the previous month, according to China Securities Investor Protection Fund Co Ltd.
CHINA BUSINESS NEWS
- A group of Chinese navy ships arrived on Tuesday at U.S. Naval Station Mayport for the first time, kicking off a five-day visit which is part of a global voyage, according to the Xinhua News Agency.
21ST CENTURY BUSINESS HERALD
- Chinese producers and overseas buyers at the autumn Canton Fair, which ended on Wednesday, signed contracts worth $27 billion, down 7.4 percent from last fall and the lowest since 2004, according to Canton Fair's official data.
- China's online retail sales rose 36.2 percent year-on-year to 2.6 trillion yuan ($410.37 billion) in the period from January to September, accounting for around 12 percent of the country's total retail sales, said Shen Danyang, the spokesman of Ministry of Commerce.
CHINA SECURITIES JOURNAL
- The State-owned Assets Supervision and Administration Commission has been inspecting the financials of state-owned companies directly controlled by the central government, it said on its website on Wednesday.
CHINA DAILY
- The upcoming meeting between Chinese President Xi Jinping and Taiwan President Ma Ying-jeou will send a powerful message of common commitment to peace even if it does not produce anything tangible, and it may pave the way for similar meetings in the future, an editorial said.
For Hong Kong and South China newspapers see..... ($1 = 6.3357 yuan) (Compiled by Shanghai Newsroom; Editing by Anand Basu)
