Investors monitor stock prices at a brokerage in Fuyang, Anhui province. [Photo by Lu Qijian/for China Daily]
Intelligence agents in Taiwan have also been using local foundations that fund students from the Chinese mainland to participate in academic exchange programs as recruitment tools.
Investors who subscribed for nine board lots of its shares will successfully get two lots. The one-lot success rate is 100 percent. Some 110,000 retail investors placed orders for Xiaomi's shares, with more than 25,000 investors signing up for one board lot.
InterContinental Hotels Group (IHG) announced Wednesday that it has agreed to acquire a 51 percent stake in Regent Hotels and Resorts for million in cash to further expand its luxury hospitality business globally.
Innovations in marketing and production are helping attract younger people to the brew
Investors in Chinese A-share stocks now face a big, unprecedented challenge. A new, game-changing reform allows companies that are yet to turn profitable to list on stock exchanges. This calls for new ways of valuing their initial public offerings.
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Investigations showed that more than 7,000 investors in Guangdong, Hunan, Jiangxi, Guangxi, Inner Mongolia and other provinces or autonomous regions had been swindled out of around 50 million yuan (.5 million).
Investment in property development expanded 8.5 percent year-on-year for January-June, down from 8.8 percent during the first five months, according to the National Bureau of Statistics.
Investors have been quick to embrace the new sharing economy model. In September, YCloset completed an undisclosed strategic fundraising round from e-commerce giant Alibaba Group Holding. It also secured a US million fundraising round in September last year, led by Alibaba Innovation Ventures, Soft-Bank China Capital and Sequoia Capital China.
Investors check stock quotes at a brokerage in Chengdu, Sichuan province, on April 24. [Photo/China News Service]