PRESS DIGEST - Top stories in Hong Kong and mainland China newspapers on June 15
These are the leading stories in Hong Kong and mainland Chinese newspapers and websites on Monday. The South China Morning Post has not verified these stories.
China’s securities watchdog is conducting a public consultation about its new regulation on equity margin financing in the A-share market. The eligible participant will be required to hold no less than 500,000 yuan (HK$624 548) in the trading account in the past 20 trading days. (China Securities Journal)
Shenzhen Stock Exchange general manager Song Liping said the exchange operator is studying to roll out a new mechanism that will allow non-profitable internet firms to be able to list in the ChiNext board. Currently, a firm without three consecutive years of profitability is forbidden to list in China’s stock exchange. (Shanghai Securities News)
Up to 70 per cent of coal mines based in Inner Mongolia’s Ordos city, whose coal production accounts for one sixth of China’s total output, has suspended production as the business has become profit losing amid weak demand and subdued coal prices. (People’s Daily)
Passenger volume at Hong Kong International Airport grew by 12.1 per cent from a year earlier to 5.8 million and aircraft movements rose by 4.2 per cent to 34,115 in May. Cargo throughput decreased slightly by 0.3 per cent to 366,000 tonnes. (Hong Kong Economic Journal)
China’s e-retail giant Alibaba plans to launch its own video-streaming service called Tmall Box Office (TBO) in the next two months, modelled directly on Netflix and HBO in the US. (Hong Kong Economic Journal)
