Bank of China (BOC) said yesterday that it would launch private banking services in cooperation with the Royal Bank of Scotland.
A senior official has played down fears that bubbles are forming in China's stock market, insisting the market's development is "healthy".
China Vanke Co, the nation's largest publicly traded developer, plans to sell shares to fund 31 billion yuan worth of residential projects.
Bear Stearns Companies Inc, a leading Wall Street investment bank, joined forces with Huang Guangyu to set up a $500 million buyout fund targeted at booming Chinese retailers.
The benchmark Shanghai Composite Index added 0.83 percent to close at a new record of 3057.38 on Wednesday.
China's capital market will be one of the largest, most open and solid in the world by 2020, said an official from the securities regulator.
The Securities Association of China (SAC) announced that Hongyuan Securities has received approval to enter the first-tier list of securities firms in China.
The Chinese government will loosen limits on individual investment abroad this year, according to Li Dongrong, vice director of the State Administration of Foreign Exchange.
US private equity firm Carlyle Group has again agreed to cut its offer for Xugong Group Construction Machinery Co Ltd.
PetroChina is to transfer its stake in an oil trading subsidiary through a connected transaction with its parent firm.
The central bank's 27-basis-point interest rate increase rubbed salt into the wounds of an already sluggish real estate industry.
Hong Kong is getting serious about enticing mainland enterprises to open offices there as a base for their overseas expansion.