China will lead the recovery of the global initial public offering (IPO) market, consultancy firm Ernst & Young (E&Y) said in its latest survey of institutional investors across the world.
Chinese equities open higher Tuesday, with the benchmark Shanghai Composite Index surpassing the psychologically important 3,200 mark, trailing gains for seven consecutive trading days.
The private equity owner of Goodbaby Group has called off the sale of China's largest baby stroller maker after prices came in too low, forcing the company to seek new loans to refinance its debt, sources said.
The ChiNext Index, China's start-up board for small and medium-sized enterprises to raise capital, dived Friday following two days of rebound.
Chinese equities closed higher on Friday. The benchmark Shanghai Composite Index rose 8.98 points, or 0.28 percent, to close at 3,164.04.
Shares of Centrex Metals Ltd jumped to a record in Sydney trading yesterday after the Australian government approved Chinese miner Wuhan Iron & Steel Group's (Wugang) $247 million investment in the Australian iron ore firm.
Renewable energy stocks have enjoyed a joyride over the past five days on speculation US President Barack Obama's maiden visit would speed China's efforts at going green.
The ChiNext Index, China's start-up board for small and medium-sized enterprises to raise capital, continued to fall on Tuesday.
Stocks on ChiNext, the country's NASDAQ-style board for domestic start-up firms, rode on a roller coaster on the first two trading days: soaring at debut and taking a sudden turn on the second day.
Digital China Holdings and its affiliates are in talks to invest about 5 billion yen ($56 million) in Japanese systems developer SJI Inc, the Nikkei newspaper reported.
The China Advertising Association publicly condemned 58 illegal infomercials on Sept 25 after an investigation by the State Administration of Industry and Commerce.
Air China Vice-President Fan Cheng was named Party secretary of Shenzhen Airlines on Tuesday, according to two sources with direct knowledge of the matter, adding fuel to speculation that the world's most valuable airline would take over the Shenzhen-based carrier.
| Name | Value | Change | Time |
| Shanghai | +0.45% | Mon | 3,331.90 |
| Shenzhen | +1.11% | Mon | 14,038.91 |
| HSI | -0.77% | Mon | 22,324.96 |
| NIKKEI | +1.45% | Mon | 10,167.60 |
| Dow | +0.01% | Mon | 10,390.11 |
| Nasdaq | -0.22% | Mon | 2,189.61 |
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