China Railway Construction Corp plans to conduct a private placement of shares to raise up to 8 billion yuan ($1.2 billion), mainly to improve its competitiveness.
BANGKOK - Rubber dropped for a second day as a stronger Japanese currency reduced the appeal of yen-denominated contracts and increased output during the low-production season damped interest.
The mainland's key stock index rose 0.78 percent on Wednesday to its highest close in more than five weeks, led by renewable energy shares.
Investors opened the most accounts to trade Chinese stocks last week in more than two months as the country's markets reopened following a weeklong holiday and the government extended support for the nation's industries.
Nasdaq OMX Group Inc, the parent of the Nasdaq Stock Market, expects more initial public offerings (IPO) by Chinese companies this year after the US IPO market rebounds in the second quarter, a senior executive told China Daily on Wednesday.
Low-carbon companies' stocks have fared well for two consecutive days, riding high on political advisers' proposals on propelling the transition to a green economy.
China Mobile Ltd shares may fall in Hong Kong trading on concern the world’s biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co.
Hong Kong stocks fell 29.32 points, or 0.14 percent, to close at 20,876.79 Wednesday.
The ChiNext Index went down on Wednesday as only 9 of the 58 stocks at China's start-up board for small and medium-sized enterprises gained.
Chinese equities edged up Wednesday, as low-carbon stocks rallied on expectations that the government will make developing low carbon economy a priority this year.
Shares of premium liquor maker Sichuan Swellfun Co surged by the daily limit in Shanghai trading after Diageo Plc said it plans to buy out the Chinese company for 610 million pounds ($907 million).
Copper extended a fall from the highest in more than five weeks in London as mines reopened in Chile following the Feb 27 earthquake and the dollar rebounded, reducing the investment appeal of raw materials.