China Construction Bank IPO raises 57.1 billion yuan

The China Post - China Construction Bank Corp. announced Monday it had raised 57.12 billion yuan (US$7.6 billion) from its initial public offering in Shanghai, the largest in mainland China. Full Story

Pressure building for China to allow yuan to rise: ADB

The China Post - China will come under increasing pressure to let the yuan rise further against the dollar to deflate the bubble formed by its massive current account surpluses, the chief economist of the Asian Development Bank said Monday. Full Story

Bank of China to sell yuan-denominated bonds

The China Post - Bank of China Ltd., one of the country's big four state lenders, said it plans to sell yuan-denominated bonds worth 3 billion yuan (US$399 million; euro289 million) in Hong Kong from Thursday. Full Story