Several Chinese local governments,......>

CHINA PRESS: Several Chinese local governments, including Shenzhen, Beijing and

Jiangmen, have put forward measures to provide liquidity for listed companies

amid the recent market turbulence, with the total amount of funds expecting to

reach hundreds of billions of yuan, the Securities Daily reported on Wednesday.

- State-owned enterprises(SOEs) have become a main player in bailing out listed

companies short of liquidity, mainly by buying up their shares, said Tang Chuan,

research head of the 360 Financial PPP Research Center;

- Supporting private companies through direct investment is a quicker way to get

funds through, while industry leaders will be the first to receive support from

the SOEs and local financial system, Tang added.

(Link to the story: http://suo.im/4Tyn80)