Chinese electronics retailer Suning has published a report, which states that it will issue up to 200 million new non-public shares at a price of at least CNY15 per share to raise CNY2.8 billion for eight new projects.

Zhengzhou-based frozen food company Sanquan Foods has announced plans to invest CNY500 million to build its southwestern manufacturing base in Sichuan, aiming to increase its market share.

Fast food franchising giant Subway has opened its first restaurant in Hongyadong, Yuzhong District, Chongqing.

Swedish furniture retail giant Ikea has announced that it will close its trade offices in Chengdu, Wuhan, and Xiamen and employees in these three offices will be dismissed.

Regal Hotels International and the Sichuan Master Investment Group have entered into a 10-year hotel management agreement in which Regal will manage a five-star luxury hotel in Chengdu.

Construction recently commenced on Galleria, Chengdu's first upscale European upscale shopping mall.