- Chinese Sovereign Fund Purchases BP Stake
The Hong Kong-registered fund bought a 1 percent stake in British Petroleum as part of a Chinese effort to invest some of its massive reserves overseas.
- Audit of Government Uncovers Huge Losses
An annual check of government finances by national auditors revealed billions of yuan in wasteful spending last year, although some cash was recouped.
- Growth Board Offers New PE Exit Route
By creating a growth board, securities regulators hope to encourage domestic stock listings when foreign PE investors cash in company stakes.