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Chinese shares fell slightly on Monday with the benchmark Shanghai Composite Index down 0.18 percent, or 4.76 points, at 2,700.38.
China Construction Bank plans to issue up to 80 billion yuan ($12.33 billion) in subordinated bonds with a duration of no less than five years.
The winning bidder's willingness to set a record for lunch with Warren Buffett is the latest proof of the glamour of the billionaire investor, as businesspeople are keen to boost their images by building connections with Buffett.
China's new bank lending, an important indicator of the monetary policy, shrank to 551.6 billion yuan ($84.86 billion) in May from April's 739.6 billion yuan, the People's Bank of China said on Monday.
China's rural financial institutions have mushroomed, with 400 village banks in operation as of the end of the first quarter of this year, the nation's banking regulator said Saturday.
About 2.04 billion non-tradable A-shares of 22 listed companies will be unlocked this week and become available for trading starting Monday, according to the Shanghai and Shenzhen stock exchanges.
The Hong Kong Mortgage Corporation Limited (HKMC) announced Friday that it will lower the cap on the value of property that can be covered under the Mortgage Insurance Program (MIP) from HK$6.8 million ($873,81) to HK$6 million.
The World Bank has approved a $150 million loan to China for improvements in energy efficiency in the eastern province of Shandong, the bank said in an emailed statement.
Interactive Brokers Group Inc earlier this week banned clients from borrowing money to buy any of 160 Chinese securities, the company's CEO said, adding that the move could prompt the nation to toughen accounting standards.
While small and medium-sized enterprises (SMEs) are experiencing difficulty borrowing money from commercial banks, China Merchants Bank Co Ltd is cooperating with private-equity (PE) companies to help alleviate the problem.
China's largest listed brokerage Citic Securities Co Ltd will pay $374 million for a stake in Credit Agricole SA's CLSA and Cheuvreux brokerage brands, the latest push onto the global stage by China's emboldened financial sector.
China needs to further develop and open its financial industry to better facilitate the country's overseas investment, a former senior trade official said Friday.
