August 16 – The Ministry of Industry and Information Technology has submitted a proposal on industry consolidation to the State Council for approval. It involves 10 industries, namely steel, automobile, textile, equipment manufacturing, shipbuilding, electronics, petrochemical, light industries, nonferrous metals and building materials.

 

August 12 – Energy and mining related deals dominated China's mergers and acquisitions market in July, according to Zero2IPO. There were 8 such cases valued at $1.7 billion, accounting for 22.2% and 83.4% of the totals respectively.

 

August 12 – Zynga, a San Francisco-based SNS game developer, denied it will authorize its FarmVille in mainland China and has no plan to buy two developers based in Sichuan provincial capital Chengdu. It was reported Zynga has acquired two Chengdu game developers.

 

August 11 – China Investment Corp, the nation's sovereign wealth fund, dumped 1.6 million Morgan Stanley shares for $43.9 million. It has sold 25.5 million shares of Morgan Stanley valued at $692 million over the past 3 weeks, according to China's securities regulator.

 

August 11 – Inner Mongolia overtook Shanxi as China's largest coal producer after rolling out 637 million tons last year.

 

August 10 – China Communications Construction Co (HKG: 1800) bought out F&G, a global offshore drilling platform supplier, for $125 million.

 

August 10 – Huadian Power International (SHA: 600027, HKG: 1071) spent ¥268 million ($1 = ¥6.8) on a 20% stake in an Inner Mongolian coal mine estimated to have 216 million tons of deposits. It purchased the stake from Inner Mongolia Huashi Xiangtai Trading Co.

 

August 10 – News Corp sold its stakes in three Chinese TV channels to China Media Capital that oversees ¥5 billion funds.