A-share market sees IPO boom in July

Initial public offerings on China's A-share market increased last month as capital market reforms gathered pace, Shanghai Securities News reported on Tuesday. In July, IPOs on the country's A-share market raised a record 109.81 billion yuan ($15.73 billion), surpassing 100 billion yuan in a single month the first time, said the paper. A total of 52 firms were listed in July, accounting for 30 percent of the total IPOs in the first seven months of this year, which stood at 169.

Rural online retail sales expand 5% in H1

China's e-commerce sector continued its steady expansion in rural areas during the first half of the year, with rural online retail sales rising 5 percent year-on-year to 766.85 billion yuan ($109.86 billion), according to the Ministry of Commerce. E-commerce has played a positive role in poverty alleviation and boosting rural vitalization, the ministry said.

Xinhua