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China Zheshang Bank Co Ltd, a national joint-stock commercial bank, eight city commercial banks, including Bank of Suzhou Co Ltd, Bank of Zhengzhou Co Ltd and Bank of Qingdao Co Ltd, and eight rural commercial banks are among the commercial lenders waiting to be listed on the Shanghai and Shenzhen stock exchanges, according to information posted by the China Securities Regulatory Commission on its website on Friday.

China Telecom said it would establish a gigabit optical network in the new area, fully covering e-Surfing 4G and Narrow Band Internet of Things, or NB-IoT. The company also plans to build a 5G trial network in advance, as well as cloud–network integration layout.

China announced Saturday it will establish the Xiongan New Area in Hebei province, about 100 km southwest of downtown Beijing, spanning three counties.

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

China Unicom's Shanghai-listed unit plans to raise funds from more than a dozen major investors with 35.19 percent of shares, including Tencent Holdings Ltd, Baidu Inc, and Alibaba Group Holdings Ltd, as part of the country's broad push to revitalize State-owned companies with private money.