An environmental technology firm listed on the new Beijing Stock Exchange has filed plans to acquire an energy unit of state-owned Baotou Iron and Steel Group, reports Caixin. The filing, worth $73.6 million, is the first large asset acquisition made on the recently opened bourse.

Beijing ZHTD Environmental Protection Technology plans to purchase a 34% stake in Baotou Steel Group Energy Conservation and Environmental Protection Technology Industry, ZHTD disclosed Wednesday. The deal will include a RMB 209 million ($32.9 million) purchase of newly issued shares of the Baotou Steel unit and a RMB 259 million ($40.75 million) stake purchase from the current controlling shareholder, according to a ZHTD filing with the Beijing exchange.

The stake purchase qualifies as a major asset revamp subject to disclosure and regulatory review under market rules. The Beijing bourse sent inquiries to ZHTD requesting more information about its cash flow, financing arrangements and the deal’s impact on its financials as well as the Baotou Steel unit’s business details.

A partner in HSBC China’s securities brokerage joint venture is set to sell the majority of its equity ownership, according to an exchange filing, and a source with knowledge of the matter said that HSBC was likely to make a bid for the stake, reports Reuters.

State-owned Qianhai Financial Holding, which owns 49% of HSBC Qianhai Securities, is auctioning 39% ownership of the unit with an asking price of RMB 1.26 billion ($198 million), a filing from Shenzhen United Property and Equity Exchange showed.

Asia-focused HSBC, which won Chinese regulatory approval for the joint venture in 2017, will bid for the entire 39% stake, said the source, in a bid to expand in the world’s second-largest economy. HSBC currently owns 51% stake in the joint venture.

US bank Morgan Stanley is looking to increase its stake in its Chinese brokerage joint venture to 94%, the increase of 4.06% would place it on track to take complete ownership of the endeavor, reports Reuters.

The bank will inject RMB 698 million ($110 million) to boost the registered capital of the unit, a venture formed by Morgan Stanley and China Fortune Securities Co in 2011, to RMB 1.71 billion, according to an exchange filing by China Fortune.

The Shanghai-based state-owned company said on Wednesday that it had decided to sit out the capital injection, which effectively allows its ownership to dilute to 5.94% from the previous 10%. The change requires the approval of the China Securities Regulatory Commission (CSRC) and other government authorities.

Several Chinese government agencies have jointly released a set of ambitious goals to increase automation in manufacturing, as the country targets global leadership in bringing robots on to the factory floor, reports the South China Morning Post. In a five-year plan the agencies, including the Ministry of Industry and Information Technology, state that China aims to achieve a minimum annual growth of 20% in robotics sales, and develop a group of industry champions to double the “robot density” of the world’s most populous country.

China has become one of the most aggressive countries in replacing human labor with machines, partly to cope with the country’s aging and shrinking workforce. According to a report from the International Federation of Robotics this month, China last year ranked 9th in robot density—measured by the number of robot units per 10,000 employees—up from 25th five years earlier.

With a robot density of 246 per 10,000 employees, China still lagged behind South Korea, which has a current density of 932 and has ranked first since 2010. Still, China’s level was well above the global average of 126, and close to the United States’ 255.

Chinese debt-ridden chip giant Tsinghua Unigroup has received backing from creditors and shareholders to move forward with a restructuring plan that will facilitate strategic investments of RMB 60 billion ($9.42 billion) to aid in the company’s restructuring, reports Caixin. Creditors representing more than 90% of outstanding claims voted in favor of the draft restructuring proposal during a second creditors’ meeting Wednesday, Unigroup said. The company’s two shareholders—Tsinghua Holdings and Beijing Jiankun Investment Group—also backed the proposal, the company said.

Beijing Jiankun, which holds 49% of Unigroup and is controlled by real estate magnate Zhao Weiguo, reversed its opposition to the plan in the final vote. Zhao, who headed Unigroup since 2009, had strongly opposed the plan, which will wipe out the current shareholders’ stakes.

Unigroup earlier this month said a consortium led by two Beijing tech-focused private equity funds—Beijing Jianguang Asset Management (JAC Capital) and Wise Road Capital—will lead the debt restructuring.