Minsheng raises HK$30.1b from public float

China Minsheng Banking Corp, the nation´s first privately owned lender, raised HK$30.1 billion ($3.88 billion)in Hong Kong´s biggest public share sale since April 2007, three people familiar with the matter said.

Headlines

China´s oil producer signs agreements with Sudan on refinery expansion, asset swap

China National Petroleum Corporation (CNPC), China´s biggest oil and gas producer, has signed agreements with Sudan to expand a refinery and swap oil production assets. according to a statement on the company´s website Friday.

Low rates could discourage financing real economy: China central bank governor

Low interest rates, especially the deposit rate, would discourage financial institutions from providing adequate financing to the real economy, Zhou Xiaochuan, governor of the People´s Bank of China (PBOC) said Friday.

Hebei Sanyuan, CAG agree on split of Sanlu assets

Beijing Capital Agribusiness Group (CAG) has agreed to pay 58.5 million yuan (8.6 million U.S. dollars) for the non-performing assets of the Sanlu Group, which was bankrupted in last year´s melamine contamination scandal.

Int´l Travel Mart opens in Kunming

The 11th China International Travel Mart has opened in the southwestern city of Kunming, capital of Yunnan Province. The government hopes it will help China enhance its cooperation in international tourism.

Millionaires club expands in China

The global economic downturn has not affected the personal wealth of the rich in China that continued to expand this year and also opened up more opportunities for private bankers, said a recent study.