Wine maker Yantai Changyu Pioneer Wine Co Ltd, on Friday said it was spreading its wings to the financial sector by acquiring a 5 percent stake in Shandong Evergrowing Bank for 1.02 billion yuan.
Chinese equities ended the week's trading by edging up 0.10 percent on Friday, led by securities shares.
China XD Electric Co, the nation's biggest maker of electricity transmission and distribution equipment, plans to raise about 7.72 billion yuan ($1.13 billion) through an initial public offering in Shanghai.
China's central bank surprised the market yesterday by raising the auction yield of its three-month bills for the first time since mid-August, and the significant step-up in liquidity tightening sent offshore non-deliverable interest rate swaps (NDIRS) sharply higher.
Xinghui Auto Model Co and seven other Chinese companies said they are expected to raise a total of 5.8 billion yuan on the country's NASDAQ-style board, ChiNext, as they began inviting subscriptions yesterday.
SHANGHAI: China's stocks fell the most in two weeks, led by banks and automakers, on concern government steps to curb lending growth and property speculation will slow expansion in the world's third-largest economy.
China's state-owned enterprises (SOE) are being told to be prudent of venturing on the stock and real estate markets amid the complicated and fickle economic conditions.
Chinese equities fell for a second consecutive day on Thursday as the benchmark Shanghai Composite Index went down 1.89 percent, or 61.44 points, to close at 3,192.78 points.
A rally by China's stocks may fade from the second quarter as inflation triggers "significant policy tightening" by the government and the US economy weakens, Deutsche Bank AG said.
Chinese equities closed lower on Wednesday as the benchmark Shanghai Composite Index went down 0.85 percent, or 27.96 points, to close at 3,254.22 points.
China may see "huge" inflows of speculative capital as foreign investors step up bets on yuan gains, making it difficult to manage liquidity, said Zhang Xiaoqiang, vice-minister of the National Development and Reform Commission.
Chinese equities closed slightly higher on Tuesday as the benchmark Shanghai Composite Index went up 1.18 percent, or 38.42 points, to close at 3,282.18 points.