Chinese mainland stocks rose for a second day, with volatility plunging to 15-month lows, as investors sought companies least exposed to a slowdown in the manufacturing economy.
China Molybdenum Co Ltd, the country's largest manufacturer of the soft metal widely used in industry, has revealed plans to raise as much as 18 billion yuan ($2.8 billion) via a share placement.
China's appetite for meat has made billionaires out of two of the country's largest animal-feed providers. Bao Hongxing, chief executive officer of the closely held Twins Group Co in Jiangxi province, China's fifth-largest animal-feed producer, has a $1.8 billion net worth, according to the Bloomberg Billionaires Index.
Investors will likely see a mixed and sluggish trend in the Chinese stock market this week as the downside risks to China's growth outlook persist amid rising concern over policy uncertainty, analysts said.
Zhangjiagang Rural Commercial Bank has received the approval of the China Securities Regulatory Commission last week to go ahead with its planned initial public offering, which is set to raise at least 2.3 billion yuan ($354 million).
Car2go, Daimler AG's car-sharing rental service, has made a strong start to its new operations in southwest China's Chongqing after launching in the city on April 15, its first service in Asia.
Google Inc unveiled its answer to Amazon's Alexa virtual assistant, along with new messaging and virtual reality products, at its annual I/O developer conference on Wednesday, doubling up on artificial intelligence and machine learning as the keys to its future.
German privately owned industrial company Freudenberg is looking at merger and acquisition opportunities in China in a bid to expand its product portfolio and diversify its business, a senior executive said on Wednesday.
Hong Kong's securities regulator says Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014. It says that is because it also bought a company owned by the brother of the healthcare firm's vice-chairman on "favorable terms".
Chinese mainland stocks traded in Hong Kong fell to the lowest level in more than two months amid concern potentially higher US interest rates will spur capital outflows and hurt the earnings outlook for airlines and property developers.
Jack Ma, chairman of Alibaba Group Holding Ltd, has canceled a speech at an anti-counterfeiting conference in the United States after the trade group behind it suspended the e-commerce giant's recently gained membership.
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