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An increasing number of China's rich are snapping up properties overseas in the expectation that domestic inflation will continue to rise after the consumer price index reached a 34-month high in May.
Chinese shares fell to the lowest level in almost nine months on Monday, with the benchmark Shanghai Composite Index down 0.82 percent, or 21.57 points, to close at 2,621.25.
Shares in Harbin Electric Co Ltd collapsed on Thursday, as a report from a short-seller led investors to bail out of the US-listed Chinese maker of electric motors rather than wait and see if a proposed takeover bid would come to fruition.
Chinese shares fell for a third trading day Friday, with the benchmark Shanghai Composite Index down 0.81 percent, or 21.46 points, to close at 2,642.82.
A total of 23 percent of foreign investment in China went into the real estate sector last year, the country's foreign exchange regulator said on Thursday.
The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licenses.
China, the largest foreign holder of United States Treasuries, bought more federal bonds in April for the first time since October despite concerns over the US debt level.
A $5 billion-worth cooperation deal was signed on Thursday between Russia's En+ Group and China's Export-Import Bank of China.
China's central bank, the People's Bank of China, on Wednesday released commemorative coins for the coming 90th founding anniversary of the Communist Party of China (CPC).
Chinese shares closed lower on Thursday with the benchmark Shanghai Composite Index down 1.52 percent, or 41.15 points, at 2,664.28.
Chief Executive of the Hong Kong Monetary Authority (HKMA) Norman Chan on Wednesday said here that the use of Chinese currency Renminbi will facilitate the business between China and emerging market economies.
Corrupt officials and company executives in China transfer their assets overseas through at least eight channels, according to a report released on Monday by the Anti-Money Laundering Monitoring and Analysis Center set up by the People's Bank of China.
