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

Apple: no timetable to activate Wi-Fi on Unicom's iPhone--Tech.sina.com.cn

Apple China refuted the rumor that China Unicom's version of the iPhone will activate the Wi-Fi function, which is disabled in the first batch of handsets sold in China.

China Unicom, one of three major state-owned mobile carriers, is the only licensed Chinese company to sell the iPhone. It disabled the Wi-Fi feature on the phones because the Wi-Fi standard has yet to be recognized in China.

An earlier report said Apple plans to roll out a new version of the iPhone with Wi-Fi for China Unicom in March or April.

A person at Apple China asserted that he had never heard of such a plan.

Banking regulator lifts capital adequacy requirements—21st Century Business Herald

The China Banking Regulatory Commission, China's banking regulator, lifted the capital adequacy requirements from 11 percent to 11.5 percent for major lenders this year, meaning that lenders may need to raise an additional 78 billion yuan (US$11.4 billion) to meet the requirements, according to a person close to the issue.

Experts say there's no way to get around the new rate.

Two of China's major lenders, Bank of China and Bank of Communications, plan to raise a combined amount of 82 billion yuan to meet the requirements and get prepared for future lending expansion over the next three years.

Tycoon Huang Guangyu goes on trial soon -- www.eeo.com.cn

Huang Guangyu, who was named China's second richest man by Forbes Magazine in 2008, will soon be tried by the Beijing Second Intermediate People's Court. Huang has a net worth of US$3.5 billion. He is charged with insider stock trading, illegal business operation and bribery.

The self-made billionaire could go on trial within six weeks, according the report.