Signs show the direction of Vanke group headquarters and Shenzhen Vanke Real Estate at its headquarters in Shenzhen, south China's Guangdong province, November 2, 2015. REUTERS/Tyrone Siu/File Photo
Signs show the direction of Vanke group headquarters and Shenzhen Vanke Real Estate at its headquarters in Shenzhen, south China's Guangdong province, November 2, 2015. REUTERS/Tyrone Siu/File Photo

Vanke nixes deal to buy Shenzhen Metro Property

The most important and market-moving stories from the Chinese-language media

Vanke, China’s largest property developer, on Sunday canceled a plan to acquire Shenzhen Metro Group after it failed to reach agreement with major shareholders in the six-month deadline, Caixin reported the same day. Vanke does not foresee an impact on its short-term finances, according to a statement issued on Sunday.
万科终止与深圳地铁重组 白武士计划受挫

Shandong sets targets to cut coal production

Shandong province aims to cut coal output to 100 million metric tons by 2020 and 60 million tons by 2030, reported Xinhua news agency on Friday. Shandong, which produced 140 million tons of coal in 2015, shut 66 mines and 19.6 million tons of capacity in 2016.
山东:2020年煤炭产量压减到1亿吨

Solar power capacity to reach 2020 target

Solar power installed capacity will meet the target of 100 million kilowatt-hours by 2020, Xinhua News Agency reported Friday evening citing information from a statement issued by China’s National Energy Administration on the same day.
2020年我国太阳能发电装机将达1.1亿千瓦以上

Guangzhou banks raise rates on housing loans

Major banks in Guangzhou raised interest rates on housing loans in line with government policy to cool off the property market, the Guangzhou Daily reported on Sunday evening. HSBC raised the rate to 8.2% from 8%. Analysts expect the trend to continue, according to the report.
广州部分银行年底上调首套房贷利率 8折利率难觅

Approved IPOs reach 267 for this year

China’s Securities Regulatory Commission approved the initial public offerings of 11 companies on Friday, bringing approved IPOs to 267 this year to raise a total 174.5 billion yuan, the Securities Daily reported on Saturday.
证监会昨日核发11家IPO批文 今年以来总数达267家

Futures trading needs rules to expand 

Trading in futures on equity markets needs to expand but regulations will need to be tightened to do so, said Liu Shiyu, the director of China Security Regulatory Commission in a report by Sina Finance on Sunday. Supervision of futures trading is still relatively lax, Liu added.
证监会主席刘士余:今后我们会好消息不断好戏连台

Infrastructure spending rises in west China

Spending on 30 infrastructure projects under the country’s western development campaign reached 743.8 billion yuan, reported the Shanghai Securities Journal on Sunday. Investment focused on railways, roads and water conservancy.
2016年西部大开发新开工30项重点工程 总投资逾7千亿

SOE reform will focus on corporate governance

Corporate governance will be a focus of reforms of state-owned enterprises, including greater autonomy in decision-making, reported the Securities Daily, citing Li Bing, a department head of the State-owned Assets Supervision and Administration Commission.
国资委:下一步将出台国企法人治理结构文件

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