Reuters: Financial Services and Real Estate: PRESS DIGEST - China - June 7

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

PRESS DIGEST - China - June 7 Jun 7th 2012, 01:15 SHANGHAI/BEIJING, June 7 | Wed Jun 6, 2012 9:15pm EDT SHANGHAI/BEIJING, June 7 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Thursday. Reuters has not checked the stories and does not vouch for their accuracy. CHINA SECURITIES JOURNAL - Shanghai saw a successful land auction on Wednesday, with seven pieces of property auctioned, including one that sold at a 435 percent premium to its starting price. But total land sales for the year to date are still only 30 percent of last year's total. SHANGHAI SECURITIES NEWS - Sixteen listed securities houses said their combined profits hit 1.98 billion yuan ($309.6 million) in May, up around 20 percent from April. - Poly Real Estate (Group) Co Ltd said contract sales rose over 40 percent by area and by value in May from a year earlier. - There could be an nationwide electricity shortage this summer as big as 35 million kilowatts. 21ST CENTURY BUSINESS HERALD - Property companies raised over 10 billion yuan in May through syndicated loans, overseas bonds, and trust loans, showing that liquidity in these enterprises remains tight. SHANGHAI DAILY --China's Ministry of Human Resources and Social Security is preparing a document in conjunction with the police that will simplify procedures for expats to gain permanent resident status as part of efforts to attract foreign talent, a spokesman said in an online chat. For Hong Kong and South China newspapers see..... For Taiwan newspapers see........................ ($1 = 6.3635 Chinese yuan) (Reporting by Beijing and Shanghai Newsrooms; Editing by Edwina Gibbs) Link this Share this Digg this Email Reprints

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