In the eyes of Jacob Wallenberg, his family's decision to tap into the Chinese market as early as the late 1970s turned out to be a wise move, especially as most investment firms have now been taken down a peg by the global financial crisis.
Publishing firm Anhui Xinhua Media Co (AXMC) may kickstart a new round of media public floats after it said it was planning to raise 712 million yuan ($104.27 million) through an initial public offering (IPO) to expand its sales network.
Equities dropped for the first time in three days, paring a weekly gain, on concern new share sales will divert money from existing equities.
Ping An Insurance (Group) Co, China's second largest insurer, said it would extend the deadline for the planned acquisition of Shenzhen Development Bank Co shares from Newbridge Capital LLC to April 30 from Dec 31.
Chinese equities fell slightly on Friday, led by a weak performance by the heavy weights.
The mainland's key index ended up 2.59 percent, partly led by China State Construction Engineering Corp on news that its parent was buying more shares in the listed unit, as institutional investors returned to the market after winding up year-end settlements.
Zijin Mining Group Co, China's largest gold producer, will buy $200 million of convertible bonds issued by Glencore International AG to gain investment opportunities with the world's biggest commodity trader.
Shanghai copper rose nearly 3 percent yesterday to a 15-month high after London futures extended a 1.7 percent rally in the previous session, buoyed by supply concerns and the US dollar's first decline in five sessions.
All of the 28 shares at ChiNext, China's start-up board for small and medium-sized enterprises were up on Thursday.
Chinese equities surged 2.6 percent on Thursday as coal and metal producers rallied.
Hong Kong stocks rose 188.26 points, or 0.88 percent to close at 21,517.00 at midday in the shortened session on Thursday ahead of Christmas break.
Train maker China CNR Corp raised 13.9 billion yuan ($2 billion) selling shares on the Shanghai Stock Exchange, completing the country's status as the world's biggest market for initial public offerings this year.