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China Investment Corp (CIC) and Temasek Holdings Pte are among key investors who plan to buy a combined $415 million of shares in Huaneng Renewables Corp's initial public offering, according to two people with knowledge of the matter.
China's stocks slid for a sixth day, driving the benchmark index to the longest stretch of losses in 11 months, on concern that tightening measures are slowing the economy and making it harder for small companies to borrow money.
The Chinese currency Renminbi, or the yuan,appreciated 23 basis points to an all-time high at 6.4898 per $1 on Friday, according to the China Foreign Exchange Trading system.
The China Banking Regulatory Commission (CBRC) on Thursday required six major banks to submit the results of their capital-adequacy ratio (CAR) calculations before June 3.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, fell 11.43 points, or 1.36 percent, to close at 830.92 on Thursday.
Interest rates on the inter-bank market, after days of increasing, rose sharply again on Wednesday, China Securities Journal reported. The rise shows the effectiveness of the recently issued tightening monetary policies.
China's stock index futures closed down Thursday with the contract for June, the most actively traded, down 0.35 percent from the previous day to close at 2,992.6.
Chinese shares fell for the sixth consecutive trading day on Thursday, with the benchmark Shanghai Composite Index down 0.19 percent, or 5.21 points, to 2,736.53.
Shenzhen Development Bank's board of directors is considering supplementing capital through private offerings of additional shares and allotment, China Business News (CBN) reported Thursday, citing Sui Ning, the bank's chairman.
Stocks on the Chinese mainland fell for a fifth day on Wednesday.
HSBC Holdings PLC, Europe's biggest bank, said on Wednesday that it's bullish about the gold market despite price fluctuations earlier this month.
Chinese financial leasing companies are improving rapidly and will soon begin to look for international opportunities, according to officials.
