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Ant Group, which filed in late August to float on the Shanghai Stock Exchange STAR Market, is poised to raise .4 billion in a record IPO, surpassing Saudi Aramco's .4 billion listing last year. Ant Group is estimated to be valued at about 5 billion, based on public filings. Its debut on the two exchanges was scheduled for Nov 5.

Another joint venture, Jiangling Motors, delivered 25,404 cars in the month, up 15 percent.

Another notable restaurant group that made its foray into Shanghai is Putien. The restaurant chain, which boasts having a Michelin star for its Kitchener Road outlet in Singapore, currently has seven branches in Shanghai. Renowned pork ribs soup restaurant Song Fa Bak Kut has also been steadily expanding its presence, with five outlets in prime locations.

Apart from building both regular and maglev high-speed trains, high-power locomotives, railroad trucks and urban rail transit vehicles, Du said high-speed freight trains and 30,000-metric-ton heavy-duty trains, as well as new special trains for standardized containerized freight, cold chain logistics and cross-border freight transportation, will be the next growth point for China's railway transport equipment sector.

Ap - Xinhua - Afp