Chinese apparel maker and retailer Baoxiniao has announced plans to raise up to CNY800 million finance for the opening of 178 new stores by issuing new shares.

Jiangsu-based computer retailer Hisap has announced plans to raise up to CNY1.4 billion by a private issue of new shares to fund the opening of additional chain stores.

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.

China's Shanghai Pudong Development Bank has published its annual financial report for 2008, stating that its net profit increased by 127.61% year-on-year to CNY12.516 billion while its earnings per share increased by 127.7% to CNY2.21.