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China’s Citic Bank and Baidu to set up online bank venture

(South China Morning Post) Citic Bank and mainland Internet search engine giant Baidu to set up direct, or branchless bank venture

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Shanghai and Shenzhen indices finish higher on first day of trading after week-long break

Mainland Chinese markets closed at a three-week high on Thursday as both traders and volatility returned from a week-long holiday to play catch up with recent global rallies.