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China Galaxy Asset Management will become the fifth authorized national State-owned asset management company after the country set up four national AMCs to deal with distressed assets of large State-owned banks in 1999.

China Eastern operates 94 aircraft equipped with in-flight Wi-Fi. With Juneyao Airlines, the two carriers will now provide travelers Wi-Fi in more than 100 jets.

China Unicom was the first telecom carrier to join Tencent's tech alliance for esports in June. Tencent is also a strategic shareholder of China Unicom as part of the latter's mixed-ownership reform.

China National Nuclear Co signed an agreement with TerraPower in September 2015 to jointly develop traveling-wave reactors, the first time such cooperation has been undertaken since 1985, when China and the US signed a cooperative agreement in nuclear energy. A joint venture was established by the two companies and some other Chinese energy suppliers this September.

China Eastern Airlines, one of China's top three airlines, announced Thursday that it will build a 13.2-billion-yuan (1.9 billion U.S. dollars) base at the new airport, where its aircraft maintenance, catering, ground services, cargo handling, offices, and employee accommodation will be located.