IPO freeze necessary to stem rout

China's securities regulator said on Friday that the temporary halt in new share offerings is a necessary measure to stem the ongoing stock market rout and the direction of the long-term, market-driven reform of the country's capital market has not changed.

Realty prices continue recovery

New home prices in Chinese cities rose month-on-month in July for the third straight month, a private survey showed on Friday, reinforcing the upward trajectory since the second quarter.

Qianhai considering international board

Qianhai, a major financial center in Shenzhen, is considering setting up an international board to further enhance its capabilities as a trade financing center and in renminbi internationalization.

Commercial real estate sales rebound in Shanghai as demand picks up in June

A fast expansion of Shanghai's financial services and technology sectors has accelerated demand for commercial property, particularly offices, according to a report released on Thursday.

IN BRIEF (Page 6)

Super computer exports restricted

China will ban exports of high-performance drones and computers due to national security reasons, trade and customs authorities said on Friday.

HNA Group to acquire Swissport for $2.8b

HNA Group Co Ltd has agreed to acquire the world's largest ground and air cargo services firm Swissport International Ltd from European private equity firm PAI Partners for about $2.8 billion, the Haikou, Hainan province-based conglomerate said on Friday.

Uber insists funding round 'going as well as we expected'

Car-hailing platform Uber Technologies Inc said its latest fundraising efforts in China are "going as well as we expected", and will disclose details to the public when appropriate.

Second submarine cable to add power capacity to Hainan

Construction of a second submarine power cable to be laid under the Qiongzhou Strait in southern China will start before the end of the year, helping ease a power shortage in Hainan province, a senior manager at China Southern Power Grid Co said.

Chinese firm YFS to open fuel-tank plant in Detroit

YFS Automotive Systems Inc, a Chinese-owned maker of automotive fuel tanks, will open a plant in Detroit in early 2017 that is expected to eventually employ 174 people.

TPP should bolster WTO's role in trade liberalization

As trade representatives from 12 Pacific Rim countries are hammering out what could be the world's largest free trade area, they should bear in mind the terms to be written in the Trans-Pacific Partnership agreement should not seek to dim the core role of the World Trade Organization in global trade liberalization.

Too little money, no way up

The profile of Chen Kai, deputy director of the Shanghai office of foreign affairs, was removed from the department's official website on Monday, confirming previously circulated news about his resignation.