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Carlyle Group, one of the world's largest private equity firms, has just closed a second round of fundraising for its Beijing yuan-denominated fund, which now totals 3.2 billion yuan ($492 million).
The China-Association of Southeast Asian Nations (ASEAN) Inter-Bank Association held its first council meeting Monday, vowing to further boost exchanges of financial institutions and enterprises to improve cooperation between China and the ASEAN.
Stocks on the Chinese mainland fell for the third time in four days on Monday.
Chinese shares opened slightly lower on Tuesday, with the benchmark Shanghai Composite Index down 0.09 percent at 2,846.45.
The Hong Kong Monetary Authority has granted a banking license to Shanghai Pudong Development Bank, the authority said Monday in a statement.
Hong Kong stocks closed down 315.64 points, or 1.36 percent, at 22,960.63 on Monday.
People's Insurance Company (Group) of China (PICC) still has no timetable for its overall listing. Despite that fact, the company will soon settle with its strategic investors, China Business News reported Monday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged down 0.38 percent, or 3.43 points, to 906.34 Monday.
Chinese shares fell Monday with the benchmark Shanghai Composite Index down 0.77 percent, or 21.96 points, to 2,849.07.
China's largest general, non-life insurer, PICC Property and Casualty Limited (PICC P&C), is striving to become one of the top five global insurers by premium volume in the next five to ten years, according to a top official of the company.
The Industrial and Commercial Bank of China (ICBC) said its trade financing business has posted robust growth in the first quarter, with domestic subsidiaries conducting almost 290 billion yuan of in-balance-sheet trade financing, up 42.58 percent year-on-year.
The Hong Kong Monetary Authority (HKMA) said on Friday that the city's foreign assets increased HK$27. 5 billion ($3.54 billion) to HK$2,114.4 billion by the end of April.
