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Local government investment and affordable housing construction will lift China's investment growth by 25.1 percent in 2011, the Agricultural Bank of China (ABC) said in a report on Wednesday.
Stocks on the Chinese mainland fell for the first time in seven days on speculation that some local governments may default on their bank loans and the central bank will continue raising interest rates.
Commerzbank AG, Germany's second-biggest bank by assets, said its investment banking business in China will focus mainly on advising and financing Chinese companies' accelerating merger-and-acquisition (M&A) activities in Germany.
market value of China's A-share market accumulatively shrank by 903.2 billion yuan ($139.6 billion) in the first half of this year, China Securities Journal reported Wednesday.
The value of bonds issued on China's inter-bank market fell 19.6 percent year-on-year to 3.2 trillion yuan ($492.31 billion) during the first five months of this year, the People's Bank of China said on Tuesday.
China UnionPay, one of the world's leading bank card associations, signed a framework agreement with China Construction Bank (CCB) on Tuesday to explore a mobile phone payment program.
Chinese shares fell on Wednesday with the benchmark Shanghai Composite Index down 1.11 percent, or 30.72 points, to close at 2,728.48.
SunArt Retail Group Ltd, the Chinese hypermarket operator backed by France's Group Auchan SA, plans to raise as much as HK$8.2 billion ($1.1 billion) in a Hong Kong initial public offering.
China Yurun Food Group Ltd dropped in Hong Kong trading, extending the company stock's record 20 percent plunge on Monday.
Most stocks on the Chinese mainland rose, sending the benchmark index to a sixth day of gains, on speculation that Europe's debt crisis is easing and Chinese inflation is peaking, reducing the need for further increases in interest rates.
China became the world’s largest initial public offering (IPO) market in 2010 and will cement this position during the next 10 years, the Guangzhou-based Yangcheng Evening News reported Monday, citing an official from the country’s securities watchdog.
Chinese shares rose slightly Tuesday with the benchmark Shanghai Composite Index up 0.04 percent, or 0.97 points, to close at 2,759.2.
