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The bourse operator Hong Kong Exchanges and Clearing Limited (HKEx) said Friday in a statement that investors were advised to exercise caution when approached by individuals posing as HKEx representatives for investment or fund raising purposes.
Banking giant HSBC on Friday announced the appointment of Krishna Patel as Chief Executive of Global Private Banking.
Chinese insurance companies' premium income topped 805.66 billion yuan in the first half of the year, up 13 percent year on year, the China Insurance Regulatory Commission said.
Investment in private hospitals has recently become increasingly popular among venture capital (VC) and private equity (PE) firms as a result of policy incentives and the huge potential in China.
The People's Insurance Company of China Group (PICC) has started a series of road shows around the world, as it hopes to lock in strategic investors for its planned listing, the China Securities Journal said on Friday.
Qatar's sovereign wealth fund will remain a long-term investor in Agricultural Bank of China Ltd (ABC) even after its lock-up period expires on Monday, a senior ABC executive at the Chinese lender said on Friday.
Chinese enterprises will continue to dominate the market for global initial public offerings (IPO) in 2011, despite a slowdown in IPO activity and the economic uncertainties at home and abroad, said the accounting firm Ernst & YoungLLP.
Stocks on the Chinese mainland rose on Friday, capping a fourth weekly gain. The advance came as drugmakers rallied on the prospect of increased investment in the industry and the nation's biggest cement producer estimated a three-fold jump in profit.
Hong Kong stocks lost 64.82 points, or 0.3 percent, to close at 21,875.35 on Friday.
China's stock index futures closed up on Friday with the contract for July, the most actively traded, up 0.31percent, from the previous day to 3,122.4 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, increased 18.37 points, or 1.97 percent, to 951.14 on Friday.
Chinese shares closed higher Friday with the benchmark Shanghai Composite Index up 0.35 percent, or 9.73 points, to close at 2,820.17.
