The ChiNext stock market was down Friday as 22 of the 79 stocks at China's start-up board for small and medium-sized enterprises were up.
Chinese shares dropped for a second day to an eight-month low Friday, tracking a tumble in US equities on concerns that the Europe's debt crisis would spread and cripple global economic recovery.
Ping An Insurance (Group) Co of China plans to acquire Shanghai Securities Co to strengthen its brokerage business in a deal analysts estimate is worth 7 billion yuan ($1 billion), the 21st Century Business Herald said on Thursday, citing unidentified sources.
The market is expecting China Shipbuilding Industry Co to announce an acquisition of assets from its parent company, one of China's largest shipmakers, following a suspension of its shares from trade on Thursday.
Chinese oil company MIE Holdings Corp, on Thursday, cut the number of shares and expected price of its initial public offering, potentially reducing its proceeds from the deal by 42 percent.
Gold may target its previous record as concern that financial turmoil will spread from Greece across Europe prompts investors to seek refuge in the metal, according to Morgan Stanley.
Hangzhou Xiaoshan International Airport is seeking to build a regional aviation hub as well as pursue an initial public offering (IPO), a top company executive said.
Shares of drugmaker Shenzhen Hepalink Pharmaceutical Co Ltd soared on the company's trading debut on Thursday against the backdrop of the sharp plunge of the overall market as analysts said it may boost investor interest in the pharmaceutical sector.
China's stocks plunged, driving the benchmark index to an eight-month low, on concern a European debt crisis and Chinese government curbs on property will hurt economic growth.
Hong Kong stocks fell 194. 13 points, or 0.96 percent, to close at 20,133.41 Thursday.
Air China Ltd, the nation's largest international carrier, fell in Shanghai trading as investors locked in gains following an announcement about a business-tax exemption for overseas flights.
China's stock index futures fell Thursday with the contract for May, the most actively traded, down 3.61 percent to end at 2,967.4 points from the previous trading day.