The Shanghai Stock Exchange is making further efforts to internationalise its business after a senior official unveiled plans to launch a so-called “D-share” market to trade yuan-denominated shares in Frankfurt, Germany. Que Bo, a vice president of the ... ( read original story ...)
Taking speed to the next level: Shanghai Tower contains the world's fastest elevator that travels at a record-breaking 42.8mph
In a ceremony at the end of last year, the Shanghai Tower elevator was officially awarded the ... The record-breaking speed was achieved through the development of new equipment, including control panel that can maximize the traction machine's performance ... ( read original story ...)
BRIEF-Huada Automotive Technology issues prospectus for Shanghai IPO
SHANGHAI, Jan 5 Hong Kong stocks climbed to a three-week high on Thursday morning, buoyed by strength on Wall Street, improving private sector activity and strong resource shares. ( read original story ...)
Pension changes encourage investment in 'risky financial assets'
A leading financial expert has warned changes to the pension assets test are likely to encourage some retirees to make riskier investments or spend their savings more quickly. From January 1 this year, pensioners are subject to a changed assets test from ... ( read original story ...)
ANZ offloads Shanghai bank stake
ANZ has kicked off the new year by advancing its strategy to cut its retail presence in Asia through announcing the sale of its stake in Shanghai Rural Commercial Bank (SRCB). Banking Group Ltd. will pocket 1.323 billion US dollars once it offloads its 20 ... ( read original story ...)
ANZ Sells Shanghai Bank Stake in Unwinding of Asia Expansion
Australia & New Zealand Banking Corp. agreed to sell its 20 percent stake in Shanghai Rural Commercial Bank Co. for A$1.84 billion ($1.33 billion), Chief Executive Officer Shayne Elliott’s latest move to unwind an Asian expansion that sapped profits. ( read original story ...)
‘It’s a brawl’: Inside China’s cutthroat race to build the world’s fastest elevator
In the end, Mitsubishi installed new hardware on one of the elevators in Shanghai Tower, snatching the record back from Hitachi shortly after it was lost. Mitsubishi representatives said that the demands of the client, a consortium with links to the ... ( read original story ...)