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Bank of China Ltd (BOC), the only Chinese bank to have operated continuously for nearly 100 years, will continue to expand its overseas network, despite becoming much more reliant on the domestic market in recent years.
Hong Kong stocks surged 372.37 points, or 1.66 percent, to close at 22,770.47 on Monday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, rose 20.9 points, or 2.44 percent to finish at 876.17 on Monday.
China's stock index futures closed up on Monday with the contract for July, the most actively traded, up 67.6 points, or 2.21 percent, from the previous day to 3,122 points.
Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 1.94 percent, or 53.46 points, to close at 2,812.82.
The People's Bank of China (PBOC), the country's central bank, vowed on Sunday to improve financial regulation and boost the reformation of the country's financial system.
China is likely to raise its benchmark interest rate one or two times during the third quarter of this year to contain inflationary pressures, the Beijing Times reported on Saturday.
It is necessary for China's central bank to raise the benchmark interest rate once or twice in the second half of this year to curb rising inflation, according to a report by the Agricultural Bank of China (ABC).
China likely to hike interest rate in Q3: BOC
China's State Administration of Foreign Exchange (SAFE) said Sunday that it will work to improve operation and management of foreign exchange reserve to maintain financial security.
The mid-sized listed developer Beijing Capital Development Co is under pressure to cut new home prices later in 2011 to support sales and ride out China's property tightening measures, a senior executive said on Friday.
Most stocks on the Chinese mainland rose on Friday, capping a second week of gains for the benchmark index. The advance came on speculation the government will refrain from raising interest rates after manufacturing expanded at the slowest pace since February 2009.
Residential home prices rose 0.41 percent month-on-month across 100 major cities in June, said a report released by China Real Estate Index System (CREIS) on Friday.
