英文： Airport Authority to acquire 51 pct stake in Shenzhen Baoan Airport - report
China's stock markets have great scope for development as the economy maintains rapid growth and the government proceeds with plans to give foreign investors² some access to the A-share markets, the China Securities Journal said in a front-page editorial.

The article is the second in a series of four editorials on the stock markets, and analysts³ said the series appears to have been placed in the newspaper by the government with a view to talking up investor¹ confidence.

The article said China can expect to achieve GDP growth of more than 7 pct this year, and noted⁴ that the country's exports in the five months to May grew by 13.2 pct from a year earlier, while its actual foreign direct investment grew by 12.4 pct.

The country's foreign currency reserves at end-May amounted to 238.4 bln usd, while personal deposits at financial institutions exceeded 8 trln yuan, it said.
It also said many domestic insurance companies need more channels for the investment of their capital, and the stock market will be one channel for this investment.

It added that the upcoming 16th Congress of the Communist Party may introduce key ideas and policies regarding the reform and development of the economy.
All of these factors show, without a doubt, that there is a good environment for the stable development of the stock market, it said.
Allowing listed companies to precede other state enterprises in the establishment of the "modern enterprise system" is a fundamental factor for the development of the stock markets, it added.

The reform and opening of the market will bring great opportunities for domestic investors, and will make shares very attractive to overseas investors, it said.
The government is currently discussing how to implement⁵ a qualified⁶ foreign institutional investor system that will give foreign institutions some access to the A-share markets, and as this will bring more capital to the markets it will create new force for their development, it said.

The editorial added that it is important to adhere to the Central Committee's formulation of "Development needs new ideas. Reform needs new breakthroughs. Opening needs a new situation".

Consequently, it is important to seize this new chance by opening the market and creating a new situation, it said.

                中文：报道 - 香港机管局将入股深圳机场
《苹果日报》引述不具名消息人士称, 香港机场管理局将会收购 深圳宝安机场最多51%股权, 并取得管理权, 但没有提及有关交易金额。

报道指, 机管局受制于《机场管理局条例》, 业务范围局限于赤(鱼)立角, 未能实行与珠 江三角连系的扩展计划。经济局3月向立法会经济委员会提交行政长官令, 容许机管局扩 大经营范围, 经过两个多月商讨, 可望获得通过。

报道又指, 机管局已邀请船公司, 提供香港机场至珠江三角州的渡轮服务, 中标者需要提 供至少3条航条, 预计包括香港机场至深圳机场。