1. China's fixed-asset investment grew 10.2 percent year on year in the first 11 months of 2015, level with the 10 months ending in October, official data showed on Saturday. This is the latest step in continuous deceleration this year in the growth of fixed-asset investment, money used to purchase and build factories, machines, property and other fixed facilities. It has been one of the three main drivers for Chinese economic growth. Investment slowdown, however, is believed to be the main reason behind China's current weakness in demand and the main downside risk to the Chinese economy. Fixed asset investment growth has been declining since an annual high of 13.9 percent for the Jan.-Feb. period.
2. Nine companies are scheduled to kick off new share subscription on Shanghai and Shenzhen stock exchanges starting from Monday, which is expected to lock up some three trillion yuan from the secondary market.
3. The China Securities Regulatory Commission (CSRC) announced on its website that it approved IPO applications of three firms on Friday The three companies include Sichuan Monarch Sanitary Appliance Co. Ltd, Shenzhen Shengxunda Technology Co. Ltd and Suzhou Sunmun Technology Co. Ltd.
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