Hong Kong's Hang Seng index slipped by 0.4% to 24,303.07 points, after rising 5% last month and the Shanghai's key stock index closed at a lower of 0.2% at 3,022.7.

The revival of the foreign investor’s interest by attractive valuations and a healthy economy stabilized the inflow of the funds thus increasing the Chinese share prices.

A Chinese Company, came to the rescue of the livelihood of 2000-employees at the Grangemouth oil refinery. Apparently a deal finalized between the owners of the refinery, Ineos and PetroChina has helped in saving the oil refinery from closing down.

On Thursday, PetroChina Co., China's biggest-listed oil company, said that in 2009, its net profit dropped 9.7% as lower oil prices hit income. However, its 2010 end results could benefit from enhanced production and higher energy prices.

Royal Dutch Shell and PetroChina have entered into an agreement to buy Arrow Energy Ltd. for 3.5 billion Australian dollars following an instigation made by Arrow's Chief Executive Nicholas Davies to raise the purchase amount by 6%.

Chinese firms Royal Dutch Shell and PetroChina jointly bid more than $3 billion for Australia's Arrow Energy, which makes it the first ever Chinese firm to venture in the country's growing coal-seam gas sector.

In the latest billions-of-dollars overseas energy and resource-related takeovers by cash-rich Chinese companies, Asia's oil and gas bigwig PetroChina has gone in for a $1.02 billion (1.47 billion Singapore dollars) acquisition of Keppel Corp's 45.5 percent stake in Singapore Petroleum Company (SPC).