Despite the lingering COVID-19 pandemic and supervision complexity in some parts of the world, first-quarter initial public offerings raised substantial amount of funds from major stock markets, including those in Shanghai, Shenzhen and Hong Kong, suggesting investor sentiment remains vibrant.
Investment in Chinese mainland
Ajlan & Bros Holding Group, a private conglomerate from Saudi Arabia, will further expand its investments in China, especially in fields like renewable energy, financial services and the garment industry, a top company official said.
Pharma companies fined
The Ministry of Finance and its provincial commissioner offices have fined 19 pharmaceutical companies for inflating drug prices and indulging in practices that violate the country's accounting law, officials said on Monday.