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China Merchants Bank, one of the largest lenders in China, raked in 50.6 billion yuan (.18 billion) in net profit attributable to shareholders, up 13 percent year-on-year.

China Petrochemical Corp, the nation's largest oil refiner, plans to start production at eight more meltblown nonwoven fabric production lines in Jiangsu province by the middle of next month after commissioning two new units in Beijing on Saturday.

China Evergrande Group, one of the largest developers in China, offered a 25-percent discount for all property sales from Feb 18 to 29 and lowered its housing deposit threshold from 5,000 yuan (4) to 2,000 yuan starting March.

China Construction Bank Corp on Friday joined hands with major real estate developers to provide long-term housing for rent and launched a loan product for tenants in Shenzhen, Guangdong province.

China and Cambodia should jointly maintain regional peace and stability and promote common development among countries, said the Chinese official.