Evening walks on the Bund, a waterfront area that’s become one of the city ... Dining options: The showy Dragon Phoenix embodies the heyday of early 1900s Shanghai; expect plates of local and Cantonese fare. At the art deco Jasmine Lounge, buttermilk ... ( read original story ...)
China’s central bank moves to modest policy tightening in 2017
SHANGHAI, Dec 14 (Reuters) - China's central bank raised money market interest rates on Thursday hours after the Federal Reserve increased U.S. rates. The People's Bank of China has moved to a slight tightening bias this year following six benchmark ... ( read original story ...)
China central bank raises interest rate on SLF loans: Sources
Shanghai: China’s central bank raised interest rates on its standing lending facility (SLF) short-term loans by 5 basis points on Thursday, sources with direct knowledge of the matter said. The increase came after the People’s Bank of China raised ... ( read original story ...)
China stocks fall after hike in market rates, mixed economic data
The price-to-earnings ratio of the Shanghai index was 14.81 as of the last full trading day while the dividend yield was 2 percent. ** So far this week, the market capitalisation of the Shanghai stock index has risen by 0.46 percent to 28.77 trillion yuan. ( read original story ...)
KraussMaffei to be listed on Shanghai Stock Exchange
Through a future listing on the Shanghai stock exchange, the perception of KraussMaffei will significantly increase in the Chinese market. Chinese investors appreciate German industrial workmanship as well as management competency,” said Jianxin Ren ... ( read original story ...)
Shanghai Tower, the world’s second-tallest building, opens with a whimper after delays
In 2009, the Beijing Television Cultural Center caught fire after being hit by fireworks during the Chinese New Year holiday. In 2010, a high-rise apartment fire in Shanghai killed 58 people. And a 2014 New Year’s Eve stampede on Shanghai’s riverside ... ( read original story ...)
China stocks led lower by finance, transport
led lower by financial and transport firms. Investors are worried about whether China's central bank could follow the US Federal Reserve, which is widely expected to raise interest rates this week. At the close, the Shanghai Composite Index was down 41.19 ... ( read original story ...)