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China's Ministry of Finance (MOF) said Friday that it will sell 9.63 billion yuan ($1.48 billion) in 182-day book-entry discount treasury bonds next week.
Assets of China's banking financial institutions rose in value 18.9 percent year-on-year to 101.2 trillion yuan ($15.57 trillion) by the end of March, the country's banking regulator said Friday.
The Chinese mainland plans to introduce a program "as soon as possible" to let its financial companies in Hong Kong start yuan funds that will invest in mainland stocks, according to an official at the securities regulator.
The European Union's (EU) head of foreign policy, Catherine Ashton, has said an "undervalued" yuan is one of the reasons for the EU's "large bilateral trade deficit" with China.
The gold price in Hong Kong moved up HK$212 to close at HK$14,060 per tael on Friday, according to the Chinese Gold and Silver Exchange Society.
Non-performing loans (NPL) in China's commercial banks hit 433.3 billion yuan ($66.67 billion) at the end of the first quarter, a decrease of 300 million yuan from the end of last year, China's banking regulator said in Beijing on Friday.
Hong Kong stocks closed up 202.51 points, or 0.88 percent, at 23,276.27 on Friday.
China Construction Bank (CCB), the country's second-largest lender by market value, said on Friday its first representative office in Taiwan has opened in Taipei, signaling the lender's latest move to establish a cross-Strait service network.
China's stock index futures closed higher Friday with the contract for May, the most actively traded, up 0.61 percent from the previous close to 3,127.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged up 0.06 percent, or 0.52 points, to 909.77 Friday.
Chinese shares rose Friday with the benchmark Shanghai Composite Index up 0.95 percent, or 26.95 points, to 2,871.03.
Huaneng Renewables Corp plans to revive a Hong Kong initial share sale after cutting the size of the offering by about 20 percent to $1 billion, said two people with knowledge of the matter.
