-China is to diversify its currency reserves into "stronger currencies" according to Cheng Siwei, vice chairman of the National People's Congress. Considering how badly beat up the dollar has been, its probably not such a bad idea.

-Following the success of many of China’s largest banks Everbright Bank will go public after a government bail out.

-Mainland IPOs reached record highs of US$61 billion thus far this year. No surprises here given how hot the A share market has been and the government's willingness to take public many of it’s biggest SOEs

-After encountering difficulties initially, Chinese companies have re-adjusted their strategies for acquisitions abroad. Flush with cash, and looking to gain expertise and influence, many Chinese firms have starting acquiring minority stakes in foreign companies.

-If at first you don’t succeed try try again; this seems to be Goldman Sachs’s motto after being rebuffed by Chinese authorities on two earlier deals to acquire minority stakes in Chinese companies. It looks like this time around Goldman might just succeed in it’s bid with DE Shaw to acquire a $US250 million minority stake in an unlisted ship builder.