The landmark Shenzhen Hong Kong Connect scheme is now a reality, as trading starts from Dec 5th 2016. Officials from both cities beat a gong to mark the launch. The connect allows investors from both markets to buy and sell shares on either market.
China has met this year's target of retiring 45 million tonnes of steel and 250 million tonnes of coal production capacity, meeting both goals ahead of schedule. The government will press more efforts on preventing a backlash of overcapacity and allocating workers.
China's securities regulator has shortened the processing time for companies seeking to list on domestic stock exchanges in a bid to reduce a waiting list of nearly 800 applicants and pave the way for reform of initial public offering (IPO) procedures.
The number of newly founded companies in China continued to surge in the first three quarters on government efforts to streamline the process for starting businesses, official data showed on Monday.
Global venture capital (VC) investment declined in the third quarter of this year, but Chinese VC investors continued to actively look for overseas acquisitions, according to a recent report.