The Shanghai government’s sudden decision last month to target converted apartments built on land that was originally acquired for commercial or office use, has left hundred of thousands of buyers in despair and in limbo. For many non-local residents ... ( read original story ...)
Copper falls on Shanghai inventories, $US
STEEL: Shanghai rebar ended 3.9 per cent lower on Monday, marking eight consecutive days of falls, with traders brushing aside news of a new campaign to cut steel capacity in Tangshan. * OTHER METALS: Nickel ended down 0.1 per cent at $US8,915, aluminium ... ( read original story ...)
China’s credit expansion cooled in May amid crackdown on shadow banking, analysts say
“There has been a clear trend of diminishing shadow banking,” said Chen Ji, a senior researcher at Bank of Communications in Shanghai. “Banks’ credit expansion is very likely to slow down amid Beijing’s drive to reduce leverage among the ... ( read original story ...)
Security trumps rivalry as India, Pakistan to join China-led regional bloc
will “add to the potential and the global influence of the Shanghai Cooperation Organisation”, China’s assistant foreign minister, Li Huilai, said on Monday. The SCO, seen by some as a counterweight to the US- and European-led North Atlantic Treaty ... ( read original story ...)
PINTEC Subsidiary Dumiao is First Digital Lending Tech Provider to Issue ABS on Shanghai Exchange
China's leading financial technology provider, announced that its wholly owned digital lending technology subsidiary Dumiao successfully issued RMB245 million worth of asset-backed securities (ABS) on the Shanghai Stock Exchange, in the first such issue by ... ( read original story ...)
India, Pakistan to join China-led security group despite regional rivalry
will “add to the potential and the global influence of the Shanghai Cooperation Organisation”, China’s assistant foreign minister, Li Huilai, said on Monday. The SCO, seen by some as a counterweight to the US- and European-led North Atlantic Treaty ... ( read original story ...)
Chinese securities regulator slows IPO approvals to bolster market confidence
The CSRC has frozen new IPO share issues a total of nine times in its history, with the latest one being in 2015 when a stock rout erased US$5 trillion in market value. The four most recently approved listings, two in Shanghai and two in Shenzhen ... ( read original story ...)