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Asian stocks tumbled the most in almost three years last week, with the regional benchmark index also falling 10 percent from its May peak on concern a global economic recovery is weakening.
China's Ministry of Railways will issue 20 billion yuan ($3.1 billion) of super short-term commercial papers with a maturity of 90 days on Monday, said a bond depository and settlement agency.
Hong Kong's Financial Secretary John Tsang said on Friday that Hong Kong's economic fundamentals are strong and trading of HK shares was conducted in an orderly manner today.
China's Ministry of Finance (MOF) said on Friday that it will sell 15 billion yuan ($2.32 billion) in 273-day book entry discount treasury bonds next week.
With stock markets around the world stumbling, Chinese Foreign Minister Yang Jiechi said closer international cooperation is needed for the world's economy to stabilize.
ICBC said Friday it had agreed to pay $600 million to take a lion's share of assets controlled by Standard Bank Group Ltd in Argentina, to extend its businesses in South America.
The PBOC put funds into circulation for three weeks in succession, leading to a big fall in the inter-bank bond repurchase rate, and experts said the benchmark interest rate was likely to be raised.
China's banking regulator on Friday urged banks to back the country's public housing projects by offering loans and discounts on lending rates to alleviate financing difficulties.
China and Japan called for global cooperation on Friday after a financial market rout signaled fear that Europe's debt crisis could spin out of control and the US economy may slide into another recession.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, fell 18.29 points, or 1.95 percent, to 919.19 on Friday.
China's stock index futures closed lower on Friday with the contract for August, the most actively traded, down 2.27 percent from the previous day to 2,896.2 points.
China's stocks tumbled more than two percent to a seven-week low following a sharp drop in the overnight US stock market that triggered investor worries over a new round of global recession.
