SHANGHAI — China remained the world’s biggest IPO market in 2011, even as total funds raised slumped from the previous year due to global economic uncertainty, undercoring the shift of financial power from the west to the east. Chinese firms raised a combined 286.1 billion yuan ($45.5 US billion) through initial public offerings in...

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China Telecommunications Corp. (728), the nation’s largest fixed-line phone company, plans to expand into more European markets after starting its first wireless service offering in the U.K. The company may next target Germany and France to attract Chinese residents in these countries, Liu Changhai, the executive responsible for regional development, said. There are 2...

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