China Reinsurance (Group) Company is planning listings on both the Hong Kong and Shanghai bourses next year after a capital injection from Central Huijin Investment Co. Ltd, Forbes reported, citing China Daily.

CITIC said it plans to buy out CITIC fund management, as part of the efforts to increase competitiveness and business expansion, The Standard reported.

China Life Insurance Co Ltd and Ping An Insurance (Group) Co are both seeking listings in the domestic A-shares market, Forbes reported, citing the Economic Observer.

China is expected to approve quotas of nearly 10 bln usd for the Qualified Domestic Institutional Investor (QDII) scheme by the end of the year, Forbes reported, citing the China Securities Journal reported.

China has approved plans by China Petroleum & Chemical Corp (Sinopec) and Kuwait Petroleum Corp for a 5 billionl US dollars joint venture refinery project in Guangdong Province, the Shanghai Daily reported.

Industrial and Commercial Bank of China (ICBC), the nation's largest lender, received approval from China Banking Regulatory Commission for a public share sale, paving the way for the lender to be the first company to sell shares simultaneously in Hong Kong and Shanghai, Bloomberg reported.

Guangdong’s Department of Labour and Social Security released a report, saying that monopolized industries and companies should redistribute income and salary system, Xinhua reported.

CITIC Securities Co. Ltd. on Tuesday estimated its net profit in the first half of this year had a year-on-year growth of more than 50%, Reuters reported.  

Chinese enterprises listed in US now face great challenges as Sarbanes-Oxley Act started to be in force on July 15, Beijing Business Journal reported.