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China Construction Bank Corp is exploring long-term home leasing as a way to offer financial services to high-quality clients, and is helping to reduce housing inventory.

China Galaxy Securities and CIMB announced on Tuesday that they had signed a share purchase agreement to formalize their strategic partnership across CIMB's stockbroking business - CIMB Securities International (CSI).

China National Nuclear Power said establishment of the new company also is in accordance with the Belt and Road Initiative.

China Southern Airlines, the country's largest carrier by passenger traffic, also reported a rise in its earnings. The Guangzhou-based airline said last year, it achieved operating revenue of 127.8 billion yuan, up 11.15 percent year-on-year. Its net profit reached 5.96 billion yuan, jumping 18.18 percent year-on-year.

China adjusts domestic retail oil prices when international crude prices change by more than 50 yuan per ton within a 10 working-day period.