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Top stories of the day -- China Stock Market -- Sept.30

BEIJING
2015-09-30 12:36

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1. The consultative committee advising the government on its "Made in China 2025" plan to upgrade the country's manufacturing identified 10 industries of priority on Tuesday. With Made in China 2025 aiming to shift the country from low-end manufacturing to more value-added production, the list includes new information technologies, numerically controlled machines and robots, aerospace devices, ocean engineering and shipping, advanced rail equipment, new energy vehicles, electrical equipment, agricultural machines, advanced materials, biological medicine and medical instruments.

2. China's Ministry of Finance on Tuesday announced a list of 206 public-private partnership (PPP) projects across China for demonstration purposes, which will require some 658.9 billion yuan of investment in total, according to a statement published on the ministry's website. This is the second batch of PPP demonstration projects after a batch of 180 billion yuan worth of projects was unveiled last December.

3. The China Securities Regulatory Commission (CSRC) announced Tuesday that it had issued fines totaling 28.42 million yuan (4.4 million U.S. dollars) for illegal stock trading in eight cases. Amid government efforts to ease fluctuations on China's stock market, the CSRC banned major share holders from dumping their stocks from July to December, as it feared off loading could trigger further price falls.

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