Stock exchange officials refused to confirm the story in the 21st Century Business Herald.

FORBES: Foreign Companies to List Shares in Shanghai

According to a report by 21st Century Business Herald, lending by the big four banks has been weak this month.

FORBES: China Banks Struggling To Give Money Away; Equities Decline

On April 22, the 21st Century Business Herald reported that regulators will allow a first batch of 10 foreign and overseas-listed Chinese companies to list on the board.

FORBES: Shanghai's International Board

Shi reportedly refused the two government proposals and wanted to protect the New York-listed Suntech Power by letting its core subsidiary in Wuxi go bankrupt, according to the 21st Century Business Herald report.

FORBES: China's Government To the Rescue As Solar Crisis Deepens

China will subsidize electric vehicles sold in 25 cities, expanding from the current five cities, and adopt a unified national subsidy standard, The 21st Century Business Herald reported on Wednesday citing China Association of Automobile Manufacturers.

FORBES: China Tries Saving Nearly Non-Existent Electric Car Market

Guangzhou's Southern Metropolis Daily says parents have been questioning why Meiji refuse to recall the same products in China, while 21st Century Business Herald suggests that the problem could actually lie on "parallel traded" stocks.

BBC: China morning round-up: WTO membership marked

Turning back to China, authorities say that nearly 6, 000 dead pigs found floating down the Huangpu River towards Shanghai were not killed by an epidemic and tap water in Shanghai is not contaminated, 21st Century Business Herald reports.

BBC: China media: Political models