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The first issuer to take advantage of Hong Kong's new rules on dual-class shares, Xiaomi is reportedly planning to issue around 2.18 billion shares, with 65 percent of those being primary shares, at an indicative price range of HK to HK (.17 to .80) apiece. That would make it the biggest float since Postal Savings Bank of China Co Ltd's .4 billion IPO two years ago.

The first plenary meeting of the 12th executive committee of the ACWF also elected 14 people as the federation's vice presidents and 40 as its standing committee members.

The fiscal measures include tax cuts and providing fiscal subsidies to producers, while the monetary policy is focused on injecting liquidity in the financial market, lowering interest rates and increasing credit to companies.

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The former central bank official said that the fiscal and monetary stimulus measures China has adopted since the COVID-19 outbreak were "moderate" and the government sector's leverage level is still under control.

The first-ever image of a black hole has sucked a Chinese image provider Visual China Group into a "black hole" of its own, after some "we media" players complained that the company put its copyright logo on the image.

The financing will mainly go to modern fisheries, strategic and emerging maritime sectors such as maritime medicine and renewable energy, as well as infrastructure and public services, according to guidelines issued by the State Oceanic Administration and the Agricultural Development Bank of China.

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The flagship Hang Seng Index edged up 0.84 percent, or 239.17 points, to finish at 28,550.24 points.

The firm's single round of financing hit a record high among the country's car retailers, after the company raised around 0 million in October and integrated its used-car and new-car businesses - Guazi and Maodou - last year.

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The fluctuations in iron ore import prices at high levels often squeeze the profitability of domestic steel mills, he said.

The firm earned a net profit of 3 billion yuan in the third quarter, according to the quarterly financial report released by the company on Thursday.