Profits of China's major industrial firms rose 6.9 percent year on year in the first seven months of 2016, accelerating from the 6.2-percent rise registered in the first half, official data showed Saturday.
Focus
China's banking watchdog issued a set of regulations Wednesday, aiming to tighten supervision of the country's booming peer-to-peer (P2P) lending industry.
Market
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The Shenzhen stock exchange has urged securities companies to complete all preparation work by early November.
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Housing inventories in China's major cities fell for a third-consecutive month as destocking measures kicked in.
Companies
China Telecom reported 6.3 percent growth in net profit for the first half (H1) of this year thanks to more 4G subscriptions.
Chinese ride hailing and sharing company Didi Chuxing was selected on the Fortune list of "2016 Change the World".
In the near future, consumers in the United States will have a chance to use Xiaomi smartphones, a Chinese homegrown brand.
