(BEIJING) Ping An Insurance (Group), China's second-largest insurer, will pay 29.1 billion yuan (S$5.75 billion) for a stake that will give it control of Shenzhen Development Bank and bolster its banking operations.

(BEIJING) China has failed to honour promises to the World Trade Organization to open its oil and phone markets, a European business group said yesterday, adding to complaints of worsening conditions for foreign companies.

(BEIJING) China is inviting domestic banks and private and foreign investors to take over the country's most problematic rural credit cooperatives.