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Ping An Insurance (Group0 Co., China’s second largest insurer, will merge its bank unit into Shenzhen Development Bank Co. in a deal valued at 29.1 billion yuan.

Far EasTone Telecommunications Co.,plans to buy a 55 percent stake in a Beijing-based information technology firm for 7 million U.S. dollars, marking the first investment in Chinese mainland.

Agricultural Bank of China said its pre-tax profit generated by rural businesses rose 81.9 percent from a year earlier, driven by the expansion of business scales and incremental loan-to-deposit ratio.

Foxconn International Holdings Ltd. said its first-half loss widened to 143 million U.S. dollars in the first six months.

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