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PRESS DIGEST - China - Nov 4
2015年11月4日 / 凌晨2点40分 / 2 年前

PRESS DIGEST - China - Nov 4

Nov 4 (Reuters) - Chinese newspapers in Beijing and Shanghai carried the following stories on Wednesday. Reuters has not checked the stories and does not vouch for their accuracy.

SECURITIES TIMES

- The China Insurance Regulatory Commision has asked insurance companies to settle at least 80 percent of their small claims within five days after customers submit applications, the regulator said in a statement on its website.

- Twelve land trades were dealt in Beijing from Oct. 20 to Oct. 30, totalling 29.4 billion yuan ($4.64 billion), equal to nearly one-third of the total value of land traded in the city from January to September, the Beijing Municipal Bureau of Land and Resources said Tuesday.

CHINA BUSINESS NEWS

- The revenue and net profit of mainland-listed real-estate stocks grew 12.1 percent and 6.4 percent year-on-year respectively over January to September, according to a report from CITIC Securities. The lower growth in net profit than revenue indicated a decline in the stocks’ profit margins.

- Outstanding bad loans in 16 listed banks in China increased by 239.6 billion yuan ($37.81 billion) during January to September, nearly the same as the increase for entire 2014, according the paper’s calculation.

21ST CENTURY BUSINESS HERALD

- China’s gross domestic product (GDP) per capita has increased to about $7,800 by November 2015, according to the World Bank.

CHINA DAILY

- State-owned China National Nuclear Corp is considering taking a minority stake in the French Nuclear firm Areva SA, the company said.

- Court cases involving the Shanghai Free Trade Zone from November 2014 to October 2015 rose six-fold over the same period the year before, according to a white paper released by the Shanghai Pudong New Area People’s Court on Oct. 28.

For Hong Kong and South China newspapers see..... ($1 = 6.3376 Chinese yuan renminbi) (Compiled by the Shanghai Newsroom; Editing by Gopakumar Warrier)

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