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BIG BOND SALE: Bank of China Ltd. begins selling up to 5 billion yuan ($735 million) of two- and three-year yuan-denominated bonds in Hong Kong on September 8. It was the third time the bank issued these bonds in Hong Kong since mainland banks were allowed to do so in June 2007 (LU XIAOWEI) |
Numbers of the Week
60.1%
The Purchasing Managers' Index for China's non-manufacturing sector in August remained the same as July's percentage, at 60.1 percent, said the China Federation of Logistics and Purchasing.
162million
China's railway passenger traffic in August rose 8.1 percent year on year to hit 162 million people, said the Ministry of Railways.
TO THE POINT: China's outbound direct investment grows as firms hunt down opportunities to expand overseas. International hot money seems to be pulling out of the country after months of torrential inflows. U.S. auto behemoths bask in the glow of an auto market boom in China. The Yangzijiang Shipbuilding Holdings debuted on the Taiwan Stock Exchange on September 8, underlining growing financial tie-ups between Taiwan and the Chinese mainland. China snaps up Japanese government bonds in a bid to diversify its foreign reserve holdings. The Chinese Government pushes for stronger M&A activities.
By HU YUE | 
