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

China Pacific Insurance to list in Hong Kong by year-end -- Caijing Magazine

China Pacific Insurance (Group) Co., Ltd. (CIPC), one of the country's major insurers, plans to start trading its shares on the Hong Kong stock market before Dec. 25, Caijing Magazine reported Wednesday, citing unnamed sources.

Currently, CIPC is still waiting for approval from the China Securities Regulatory Commission (CSRC) for its share sale plan and is busy preparing for its H share IPO.

CIPC gained approval from its shareholders, the China Insurance Regulatory Commission and the CSRC in August, September and October, respectively, to list on the Hong Kong stock market.

In the first nine months of the year, CIPC gained a net profit of 4.06 billion yuan, up 4.7 percent year on year.

Scholar: China's total trade volume to drop 15-16% in 2009 -- Shanghai Securities News

China's total trade volume will be around 2.2 trillion yuan in 2009, down by 15 to 16 percent year on year, said Pei Changhong, director of the Institute of Finance and Trade Economics of the Chinese Academy of Social Sciences.

China's foreign trade is set to fall this year compared to 2008, Pei said. However, the drop in trade volume has been decreasing since July, he noted. According to his prediction, trade volume will start to rise in November and December.

In 2010, the country's total trade volume will rebound to the 2.5 trillion yuan seen in 2008, and its export volume will return to the level of 1.4 trillion yuan, Pei said.

Seven domestic listed banks low on capital adequacy -- China Securities Journal

Seven listed banks need to raise a total of 121.5 billion yuan to supplement their principal in the following year, based on the calculations of the China Securities Journal.

The core capital adequacy ratio of China Merchants Bank, Pudong Development Bank and Shenzhen Development bank was 6.61, 6.76 and 5.2 percent, respectively, in the third quarter, according to the banks' Q3 report.

The China Banking Regulatory Commission, the country's banking authority, requires nationwide banks to have core capital adequacy ratio of no less than 7 percent.

Hua Xia Bank and China Minsheng Bank didn't disclose their core capital adequacy ratio in their third quarter report. However, the figures posted on the two banks' interim reports were already lower than 7 percent.

The other two banks reported to have low capital adequacy ratio are the Industrial Bank of China and Bank of Ningbo.

China's banking industry to profit 26% more in 2010 -- National Business Daily

China's banking sector will enjoy a 26 percent profit jump in 2010, China International Capital Corp said in its latest report.

According to the report, new loans will stand at around 7.5 trillion yuan and the M2 will be increasing by more than 20 percent in 2010.

Shenyin Wanguo Securities also predicted in one of its reports that the net interest margin will rebound largely next year, which will lead to a surge in net profit. The securities firm sees the listed banks' net profit growing by 8.3 percent and 24 percent in 2009 and 2010, respectively.

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