The China-led Asian Infrastructure Investment Bank will invest in five major areas during its initial stages - energy, transportation, rural development, urban development and logistics - a top official said on Thursday.
Mainland realty giant takes over four projects from subsidiary of Hong Kong's New World Development
China Energy Engineering Corp, a State-owned builder of power plants, and an existing investor raised $1.8 billion from a Hong Kong initial public offering, people with knowledge of the matter said.
Chinese mainland stocks rose for a fourth day, led by financial companies, as money-market rates dropped and speculation mounted the government will take steps to bolster growth in Asia's largest economy.
Beijing Incom Resources Recovery Co Ltd, the reverse vending machine operator, is setting up two new joint ventures with Norway's Tomra Sorting Solutions - a provider of sensor-based sorting equipment for recycling, food, mining and specialty products.
Chinese peer-to-peer lender and broker Lufax is seeking to raise about $1 billion in a round of funding that would value the company at between $15 billion and $20 billion, according to a person familiar with the matter.
Shares in Qihoo 360 Technology Co rose to their highest since June after The Wall Street Journal reported the company was close to completing a buyout that was first announced in June, assuaging concerns it was facing difficulties finalizing the deal.
Chinese mainland stocks rose the most in a month as financial companies rallied on prospects for monetary stimulus. Small-cap technology shares tumbled before the first initial public offerings in five months.
Smart watches designed for children are enjoying a spike in popularity in China.
Tetra Pak, the Swedish food processing and packaging giant, and its dairy-products sister company DeLaval International, have signed a national-level agreement with the Dairy Association of China to train 150 senior farm managers from across the country.
H & M Hennes & Mauritz AB, the Swedish multinational retail and clothing company, co-hosted a forum last month with conservation organization World Wide Fund for Nature, to explore new ways of saving water across China's textile industry.
Charity organizations are in urgent need of more professional staff, as the sector continues to grow, according to Hong Kong General Chamber of Social Enterprises.
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