Investors may have to bear with short-term pains of greater volatility in the Chinese stock market as the securities regulator stepped up the effort to rein in the speculative bubble, analysts said.
Fund managers have been taking short positions in the A shares, statistics show.
In a scenic spot that literally takes your breath away, the competitive juices run
It's a big year for a big race. May 29 will mark the 100th running of the Indianapolis 500, which claims to be the largest single-day sporting event in the world. Some 300,000 spectators will gather to watch drivers race 200 times around the 2.5-mile (4 km) oval track - a total of 500 miles.
IMAX Corp, the US entertainment technology company, is to accelerate its expansion in China after signing a revenue-sharing agreement with Guangzhou JinYi Media Corp, one of the country's largest cinema chains.
Revenue from virtual-reality-related products and services is expected to more than triple in China this year compared with last year, but experts insist the burgeoning sector is still in need of significant improvement in terms of user experience and content production.
Most Chinese mainland stocks declined, led by industrial and consumer-staples companies, as investors awaited the release of economic data. Gains by power producers capped losses.
Dalian Wanda Group Co is proceeding with plans to buy out its Hong Kong-listed property unit, after considering whether to scrap the deal in the wake of Chinese regulatory concerns, according to industry sources familiar with the matter.
Chinese banks have for the first time claimed the top spots for Asian bond market underwriting, on the back of a booming local corporate bond market and increased funding needs of companies in the world's second-largest economy.
When Bank of China moves to 7 Bryant Park in midtown Manhattan this fall, it will join major American financial institutions in the neighborhood, and continue its expansion in the US as its overseas business grows.
Hakim Unique Group, Chinese billionaire Wang Qicheng's privately owned conglomerate, plans to list shares in other holding companies within the next three years, Wang said recently.
Gaming, entertainment and virtual reality stocks declined on Wednesday after a media report suggested the Chinese securities regulator had banned listed-companies from acquiring assets in industries not related to their core activities.
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Raymond Zhou
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