Hong Kong Exchanges & Clearing Ltd.'s Chairman Ronald Arculli said asset bubbles may be looming in Asia amid burgeoning stock and property prices.

China, the world's second-biggest energy user, will increase the price of electricity for nonresidential users by 0.028 yuan (0.4 cent) per kilowatt-hour on average starting tomorrow, the official Xinhua News Agency reported, citing the National Development and Reform Commission.

China Investment Corp. bought a HK$5.5 billion (US$710 million) stake in the nation's biggest producer of polysilicon as the sovereign wealth fund invests in energy and commodities companies to hedge against inflation.

Iron ore output in China, the largest consumer of the steelmaking ingredient, may jump to a record this year as government stimulus spending spurs demand.

Commercial Aircraft Corp. of China plans to build an assembly line for its homegrown C919 jetliners in Shanghai, the latest step in the country's ambitions to become a leader in world aviation.

China Mobile Ltd., the world's biggest phone carrier by market value, and Research in Motion Ltd., which have an agreement to sell BlackBerry handsets in China, seek to boost the business, China Mobile Chairman Wang Jianzhou said in Shenzhen Thursday.

China Minsheng Banking Corp., the nation's first privately owned lender, raised HK$30.1 billion (US$3.89 billion) in Hong Kong's biggest public share sale since April 2007, three people familiar with the matter said.

Deutsche Bank is set to become the largest shareholder in China's Huaxia Bank after agreeing to increase its stake in the mid-sized lender to 17.12 percent, the Chinese bank said Thursday.

Taiwan External Trade Development Council (TAITRA) will hold four trade fairs in China in 2010 to promote Taiwanese name brand products, Huang Wen-rong, deputy secretary of TAITRA, said Thursday.

State-owned Lank Bank of Taiwan is mulling setting up more footholds in China after the signing of a memorandum of understanding on financial regulatory cooperation between Taiwan and China, a bank official said yesterday.