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China's stocks posted slight rebound Friday, with the benchmark Shanghai Composite Index up 0.07 percent, or 1.8 points, at 2,705.14 at closing.
The China Banking Regulatory Commission (CBRC) on Thursday said it is drafting new regulations concerning capital adequacy ratio (CAR) amid tight capital reserve among banks.
New government measures that will create more financing opportunities for China's small businesses will provide aid in the short-term, but will not be a complete cure for the problems these companies face, according to some of the country's financial experts.
Chinese shares close down on Thursday with the benchmark Shanghai Composite Index down 1.71 percent, or 46.94 points, at 2,703.35.
China's central bank on Wednesday said the media report that some "central bank researcher" forecast the cancellation of the home purchase limit within two years was factually incorrect.
China's commercial banks are likely to face revenue declines in the second half of this year, assuming that the central bank further tightens monetary policies to tame soaring inflation.
The consultancy firm Ernst & Young said on Wednesday that net profits of China's 17 listed banks rose 33 percent year-on-year to 687.3 billion yuan ($104.35 billion) last year.
China's first national-level yuan-denominated fund of funds (FOF) -- Guochuang FOF -- will make venture capital investment totaling 670 million yuan ($104 million).
Nanning Baling Technology Co has become the first company in the 20-year history of the Chinese stock market to scrap its initial public offering after the formal launch after failing to draw sufficient interest from institutional investors,the Shanghai Securities News reported.
International financial institutions have recently increased their shares of pharmaceutical companies listed in Hong Kong H-share market, and analysts say the reason might be the outbreak of EHEC (enterohaemorrhagic E.coli) in Europe, Shanghai Securities News reported Wednesday.
Chinese shares rose for the third consecutive day on Wednesday with the benchmark Shanghai Composite Index closed up 0.22 percent, or 5.99 points, at 2,750.29.
Short sellers are preying on China's Harbin Electric Inc like never before, betting against a Morgan Stanley-backed hedge fund in a buyout that would generate the biggest windfall of any acquisition in the world.
