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China's securities regulator has tightened its approval requirements for initial public offerings by companies in industries seen as having a high risk of financial irregularities, including restaurants and chain stores, industry sources told Reuters.
Embattled Chinese forestry company Sino-Forest said on Wednesday it has postponed a tour of its forestry assets because many analysts have halted coverage of the company.
China has launched a government-backed private equity fund aiming to raise 20 billion yuan ($3 billion) to invest in cultural industries such as media publishing, film and broadcasting, Internet entertainment and leisure, the Shanghai Securities News reported on Thursday.
The Ministry of Finance said Wednesday that it will sell 30 billion yuan ($ 4.64 billion) worth of book-entry treasury bonds this week
Stocks on the Chinese mainland fell for the first time in three days on speculation bank loans to local government borrowers will hurt profit and the European debt crisis may worsen after Moody's Investors Service downgraded Portugal's debt.
The State Council, or the Cabinet, said Wednesday that local government debt is relatively heavy and has potential risks, which needs high attention.
Stocks stumble on concerns with bad debt
No state bailout needed for local debt
The central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday.Timeline of monetary moves since 2010
China's inflation expected to stabilize in H2
The weakness of banking shares weighed on Chinese stock markets, pulling the benchmark indices in Shanghai and Shenzhen modestly lower to close on Wednesday.
Chinese officials and US will meet next week to discuss giving American securities regulators the right to investigate companies within China for the first time, Bloomberg reported Wednesday citing officials.
Two shareholders in China Construction Bank (CCB) are seeking to raise up to $1.22 billion by selling down stakes, IFR reported on Tuesday, citing a term sheet.
The Ministry of Finance (MOF) said Tuesday that it will start selling three batches of electronic savings bonds worth up to 30 billion yuan (about $4.64) on Sunday.
Stocks on the Chinese mainland rose to a six-week high after Premier Wen Jiabao said inflation will be controlled and service industries expanded at the second-fastest pace.
