PwC forecasts fewer, higher-quality A-share floats

Chinese A-share IPOs decreased in the first half of the year both in number and value terms, with estimates putting the year's total financing at 200 billion yuan ($30 billion), according to a PwC report released on Tuesday.

IN BRIEF (Page 16)

Growing projects from the ground up

Zhuhai Aviation Industrial Park, a business incubator for startups, is rolling out 22 infrastructure projects with a total investment of 1.91 billion yuan ($287 million), in a response to the city's call for high-tech development.

ABB banking on innovation momentum

Editor's Note: This year marks the 40th anniversary of China's reform and opening-up. China Daily interviewed top executives of well-known multinational companies for their views on the country's socioeconomic development.

Space data services set to take off

Civil aerospace equipment company Zhuhai Orbita Aerospace Science & Technology Co Ltd set up a space data trading center in June, in order to tap the growing commercial applications of space technology.

Environmental, economic shift to transform energy demand

In the next 30 years, natural gas will be the fastest-growing energy product in China, with demand reaching about 520 billion cubic meters in 2030 and 800 billion cu m in 2050, said the Chinese Academy of Social Sciences.

Teething troubles for tech IPOs

Chinese technology companies are rushing to launch multibillion-dollar IPOs outside the mainland this year - an opportunity for investors, but one that has generated gloomy returns of late.

E-commerce startup planning US float

E-commerce website Pinduoduo, which offers low-price items based on a group-buying model, is seeking to raise at least $1 billion in a United States IPO as it looks to challenge bigger domestic rivals such as Alibaba Group Holding Ltd.

Equities still have enough room for returns, say experts

Stocks on the Chinese mainland plunged on Monday to a 28-month low, with analysts saying it is a golden time to invest in the A-share market as it benefits from improving liquidity and strong economic resilience in the second half of the year.

Rental homes segment gets insurers' help

Insurance companies will become the most important financial support for the development of long-term rental housing, experts said.

Hyphen shows e-education gaining traction

Online education is not only revamping the traditional way of learning and teaching but proving to be a potential sunrise industry in China, said Zheng Wencheng, founder and CEO of Hyphen Education, an online after-school tuition service.

Co-work space market evolves to product upgrades

After rapid expansion over recent years, the co-working space business segment in China is shifting its focus to product upgrades and enhanced management, following the rationalization that saw mergers and acquisitions, or M&As, this year, an industry report stated.