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Analysts said the merger will enable the State-owned giant to win more orders and gain more business in overseas cultural markets, adding that merging a relatively bigger SOE with diversified and international business interests with those with smaller assets and overlapping business might be the future direction of SOE restructuring and reform.

Andy Rothman, an investment strategist at San Francisco-based investment firm Matthews Asia, wrote in a recent analysis that China's V-shaped economic recovery continued for a fourth consecutive month in June, led by strong domestic demand.

And that’s not all. Amazon wants the option to double that space within seven years, eventually giving it 500,000 square feet of space in the city. That would fit 2,000 to 3,000 workers.

Andrey Pustovgar, one of the paper's authors and vice-president of Moscow State University of Civil Engineering, said the core of BIM technology is a three-dimensional computer model database, which can be applied to the entire life cycle of engineering construction including mapping, design, construction, operations and maintenance.

An over-allotment option for major underwriters has been specified in the new guideline, under which the underwriters are required with detailed rules regarding information disclosure, keeping trading records and making related arrangements. The major underwriters are not allowed to sell the shares that have been bought to stabilize stock prices under the over-allotment option mechanism.