China's business press carried the following stories on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.

Liu Chuanzhi: Legend Holdings a shareholder of BOC International -- China Business News

Legend Holdings, parent company of Lenovo, has bought part of the stakes of BOC (Bank of China) International Limited, confirmed Liu Chuanzhi in an interview with China Business News during the NPC's annual session Monday. Liu is a deputy of the NPC and chairman of the board of directors of Lenovo.

According to Liu, Legend Holdings is interested in the financial industry, including securities. The company will consider buying some securities assets if they are good, as its new direction is for future investment.

It is reported that Legend Holdings spent 900 million yuan (US$13.18 million) to buy 12 percent of the stakes of BOC International, an initiative to march into the securities industry. Legend Holdings had refrained from making any remarks until yesterday.

Earlier this year, Legend Holdings reached an agreement with Hankou Bank, becoming the largest shareholder of the bank. More city commercial banks have been listed on global stock markets since last year, but so far Legend Holdings has no plan for the listing of the bank.

PBC: No new macro-control policies on real estate market -- Beijing News

Deputy Governor of the People's Bank of China (PBC) Su Ning said on Monday that the policy for obtaining a loan to buy a second apartment has already taken effect and there is no need for any new macro-control policies at the present.

According to the PBC regulation, anyone who asks a commercial bank for a loan to buy a second apartment is required to pay a 40-percent down payment.

"This regulation has taken effect. There is a decrease in the volume of trade this year, but the price still remains unchanged," Su said.

Property developer to buy a stake of Asia Television Limited -- Oriental Morning Post

Wang Zheng, NPC deputy and chairman of Shanghai Rongfeng Holding Group, has confirmed signing a buy-out agreement with the shareholders of Asia Television, one of the two television broadcasters in Hong Kong. Wang will announce details on Thursday.

Wang hopes to develop the company as an "Asian CNN" and will target Western markets by integrating cable, telecom and computer networks. The future development plan of Asia Television is expected to be published in half a year.

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