PRESS DIGEST – China – March 17

CHINA, March 17: Chinese newspapers available 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 will support Tibet’s equity market in the long term, Xiao Gang, Chairman of the China Securities Regulatory Commission (CSRC), said at a meeting on Monday.

– China International Capital Corp has appointed Bi Jianming as its new chief executive and chairman, the company said in a statement on Monday.

SECURITIES TIMES

– The size of China’s mutual fund industry rose 315.8 billion yuan ($50.43 billion) in February to 4.86 trillion yuan, according to a fund industry association.

CHINA DAILY

– Some clauses in China’s draft counter-terrorism law that require overseas technology companies to reveal source codes and other sensitive information to government officials could be softened, according to industry insiders.

– The resource-rich western region of Xinjiang will become the centre of state-owned energy companies’ reform this year with the launch of a pilot project by the country’s biggest oil and gas producer in the area, China National Petroleum Corp.

SHANGHAI DAILY

– Shanghai’s consumer price index grew 2.6 percent from a year earlier in February, up sharply from January’s gain of 1.8 percent and more than the national average of 1.4 percent, the municipal statistics bureau said.

REUTERS