MODERN MARVEL: The 6-km tunnel running under China's longest river, the Yangtze River, is open in Nanjing, Jiangsu Province on May 28. The six-lane engineering feat will ease traffic congestion in Nanjing (SUN CAN)

No Name, No Trade

Individuals running online stores will have to comply with a real-name system—as opposed to relying solely on Web-based names or identities—beginning July 1, as stipulated by interim measures for the administration of online trade involving commodities and services.

The measures, issued by the State Administration for Industry and Commerce on June 1, regulate the entire process of online trade and related services. Individual storeowners are not required to possess a license, but they must supply the website with information regarding their name and address. The responsibilities of the websites are also defined in the measures.

Helping Macao

Macao will enjoy more access to the Chinese mainland market.

Supplement VII to the Closer Economic Partnership Arrangement (CEPA), signed by China's Ministry of Commerce and the Macao Special Administrative Region Government, will come into effect next year.

The new supplement includes measures concerning facilitating trade and investment in more areas such as education, expanding industrial cooperation programs, and liberalizing 11 service sectors for Macao investors.

Upon implementation, the supplement will enable companies and investors from Macao to explore the mainland market with lower costs and higher efficiency.

Ningbo Port Seeks IPO

Ningbo Port Co., the second largest port on the mainland by cargo, plans to raise 13.25 billion yuan ($1.94 billion) on the Shanghai Stock Exchange, which will be used to build and revamp coal and container berths.

The planned listing could be the second largest IPO in the Shanghai Stock Exchange this year after Huatai Securities Co., which raised 15.7 billion yuan ($2.3 billion) in February.

The company will trade no more than 2.5 billion shares, or 19 percent of its stake, on the A-share market, the company said in a statement on the website of the China Securities Regulatory Commission (CSRC).

The port operator will also sell no more than 2.35 billion shares on the Hong Kong Stock Exchange after its Shanghai listing, said the statement.

The CSRC is reviewing the listing plan. No date for the Shanghai listing was given.

Overseas Takeover

China Railway Construction Corp. (CRCC) and Tongling Nonferrous Metals Group Holdings have completed a 4.27-billion-yuan ($626-million) acquisition of Canadian Corriente Resources Inc. in China's second-largest overseas copper mine takeover.

The two sides gained 96.9 percent of all Corriente shares on a fully diluted basis, through a 50-50 joint venture, CRCC-Tongguan Investment (Canada) Co., Tongling Nonferrous Metals Group said in a statement to the Shenzhen Stock Exchange.

The acquisition would give the firms mining rights to Corriente's main assets: 17 deposits in the copper belt in southeast Ecuador. Copper reserves in the four main mining regions total around 11.54 million tons, which could yield a cash flow of 150 billion yuan ($21.96 billion).