China's domestic tourism revenue tallied CNY47.6 billion (USD6.7 billion) with 115 million people traveling around the country during the recent five-day Labor Day holiday, according to the Ministry of Culture and Tourism.

After China changed its policy on spin-out listings late last August, some 22 mainland-listed companies have by May 7 announced that they will float shares of their spin-offs, while 12 of those listings should take place on Shanghai's Nasdaq-style Star Market.

This year, some 256 equity funds have been established in China as of May 7, and the total investment has more than tripled to CNY422.6 billion from a year ago amid low valuations that create opportunities for investors.

In the first four months of this year, 331 Chinese mainland-listed firms have revealed plans to raise funds via private placement, equaling 90 percent of the figure of the entire year last year. They are looking to raise about CNY465 billion.

In the first four months of this year, trade of Chinese goods declined by 4.9 percent to CNY9.07 trillion (USD1.28 trillion) from a year earlier, according to customs data. Exports narrowed by 6.4 percent to CNY4.74 trillion and imports decreased by 3.2 percent to CNY4.33 trillion.

China's current account deficit has remained quite stable despite the Covid-19 pandemic as in the first quarter the tally was USD29.7 billion, according to the State Administration of Foreign Exchange.

This year, some CNY1.89 trillion worth of regional government bonds have been issued in China as of the end of April, and within that figure CNY234.7 billion involves refinancing, according to the finance ministry.

Some eight domestic lenders, including Bank of China, Agricultural Bank of China, and China Construction Bank, have received nine fines worth a total of CNY19.7 million (USD2.8 million) for violations regarding financial reporting, capital transactions, and credit products, the China Banking and Insurance Regulatory Commission said on its website on May 9.

Last week, the Shanghai Composite Index climbed 1.23 percent to end at 2,895.34 points. The Shenzhen Component Index rose 2.61 percent to 11,001.58 points. The ChiNext Price Index gained 2.7 percent to 2,125.24 points.

Editor: Emmi Laine