Business Roundup

China Merchants Bank to raise 30b yuan

China Merchants Bank Co, the country's most profitable lender, plans to raise as much as 30 billion yuan in its biggest bond sale to bolster capital after acquiring Hong Kong's Wing Lung Bank Ltd.

InBev's bid brews consolidation in China

InBev's $46.3 billion bid for Anheuser-Busch could not only create the largest brewer in China, it could also raise profit margins for all players in the world's biggest beer market.

Biz scene

BIZ MOVES

Special supplement: Mawei looks for growth to 'free trade garden'

Mawei district of Fuzhou is a prosperous land in the capital of Fujian province that is building itself into a "free trade garden."

Special supplement: Ships link kinship across Straits

Passenger ships between Mawei district and Matsu Island have for years been a shortcut for visits between compatriots across the Taiwan Straits.

Special supplement: Historic tourism sites shipshape

Mawei was a quiet town for thousands of years until about 150 years ago, when it came to be known as the cradle of the Chinese navy.

Business Roundup

Fund performance hurt by weak stocks

All fund classifications suffered losses in May due to the weak performance of the mainland equity market, with QFII funds losing 7.29 percent on average.

Biz scene

GRAPEVINE

Business Roundup

Banks drop on higher reserve requirement

Industrial and Commercial Bank of China Ltd fell to an 11-month low in Shanghai trading, leading banks lower after they were told to set aside more deposits as reserves for a fifth time this year, reducing funds available for lending.