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BEIJING - China's Central SOEs Industrial Investment Fund for Poor Areas had invested in 91 projects in poverty-stricken areas by the end of March, with total investment of 22.58 billion yuan (.2 billion), official data showed Tuesday.

BEIJING - Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (ABC), both among China's largest lenders, announced Monday that they would establish subsidiaries focusing on wealth management business.

BEIJING - China's service sector continued to moderate in April, as a private survey Thursday showed that an index for the sector had fallen to its lowest level in 11 months.

BEIJING - Local governments have issued less debt this year following measures to ease the country's mounting debt burden, data showed Tuesday.

BEIJING - China's centrally administered State-owned enterprises (SOEs) are embracing opportunities in Hainan province as the southern Chinese island is building a pilot free trade zone (FTZ).