Steel - Chinese steelmakers are not engaged in dumping of surplus goods into the European Union, China's Ministry of Commerce said .
Property - China's major real estate developers' sales surged in January thanks to a series of property easing policies by the government, including a relaxation in housing purchase regulations.
- China's investment in fixed assets amounted to 55.1 trillion yuan (nearly $8.5 trillion) last year, showing a YoY growth of only 10 percent, down from a growth of 15.7 percent in 2014 and 20.6 percent in 2012. Fixed-asset investment in the manufacturing sector grew by only 8 percent last year. In an attempt to prevent too rapid a decline from upsetting the whole economy, the central government has injected 5 trillion yuan, since February 2014, into the programs it selected for industrial and public service development.
- China will raise the deposit interest rate for its housing provident fund to give higher interest rates on their savings. The rate will be increased to 1.5 percent starting from , PBOC said in a statement. The current rate is 0.35 percent or 1.1 percent, depending on when the deposits were placed. The housing provident fund is a saving program that allows employees and employers to set aside a portion of wages to be used as deposits on home purchases.
- China's top economic planner approved 21 fixed-asset investment projects with total investment reaching 54.1 billion yuan (8.3 billion U.S. dollars) in January, an official said . The projects covered water conservancy, transportation, technology and energy, said NDRC spokesperson at a press conference.
Beer - Beer consumption in China saw the largest decline last year, with domestic brands still dominating the market.
Vtron Technologies (002308): Company announced acquiring 33.71% shareholdings of a n education service company at 60mn yuan, aiming to continue extending business on preschool education. Company resumes trading today.
Qingdao Haili Metal One (002537): Company released acquisition plan, intending to acquire 91.56% shareholdings of UMPAY, a mobile payment company, by raising more than 3bn yuan, aiming to develop third-party payment, mobile Info. and block chain business. Company resumes trading today.