Stocks on the Chinese mainland advanced, driving the benchmark index to its biggest gain in three months, as energy and material producers rallied on increased government support for alternative energy production and affordable housing.
A record $58 billion in withdrawn initial public offerings (IPOs) in Asia and muted market debuts are expected to force listing hopefuls to cut valuations to win over investors in the world's top region for offerings.
The State Post Bureau clamped down on 56 express-delivery companies over a two-month period in an effort to regulate an industry that has been experiencing rapid development, but lacks proper management.
Millionaires in the Asia-Pacific region overtook Europe in terms of population and wealth for the first time in 2010, bolstered by economic growth in China and India, according to Capgemini SA and Bank of America Corp.
China will prioritize the development of hydropower and optimize thermal power generation under its 12th Five-Year Plan (2011-2015) for the energy sector, the 21st Century Business Herald reported Thursday.