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China Vanke Co Ltd's .6 billion acquisition of property developer Global Logistics Properties Ltd made it the most generous spender. In total, seven deals involved transaction volumes of more than billion.

China Mobile is working hard to partner with industries such as electricity, tourism, manufacturing and healthcare to explore the biggest potential of 5G in boosting efficiency in real business cases and promoting industrial upgrades.

China and the US inked a phase-one trade deal in January, marking a high point in their nearly two years of trade tensions. Last month, China moved to halve tariffs on imports of a number of US products that followed recent tariff reduction decisions by the world's largest economy.

China Universal Asset Management listed an exchange-traded fund (ETF) at the Shanghai bourse on Friday to facilitate the development of the Yangtze River Delta region, according to a statement from the company.

China Telecom followed with an investment of 1.5 million yuan to bring cellphone service and the internet to the village.