BEIJING/SHANGHAI — Strains are spreading in China’s $15-trillion shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels. Most affected are some $3.8 trillion of so-called trust ... ( read original story ...)
Chinese smaller companies lead Shanghai benchmark to seventh day of gains
Ping An Insurance led the retreat among big-caps on Wednesday. The stock fell 3 per cent to 76.44 yuan in Shanghai, trimming its gain to 9.2 per cent for the year. China Construction Bank slipped 1.4 per cent to 9.67 yuan after gaining 28 per cent through ... ( read original story ...)
TravelManagers’ Shanghai Famil Combines Historic and Ultra-Modern Highlights
Shanghai is one of the world’s great financial centres, but five Victoria based personal travel managers (PTMs) who took part in a TravelManagers exclusive famil discovered that visitors who focus purely on business during their stay, miss out on much of ... ( read original story ...)
Shanghai Pharmaceuticals on the prowl for acquisitions in US and Europe
Shanghai Pharmaceuticals plans to open a research centre in San Diego as early as this year, form partnerships with US medical and drug research institutes and acquire rights to distribute US-developed new drugs in China. Besides the US, it has also been ... ( read original story ...)
Beijing, Like Shanghai, Keeps 2018 Economic Growth Target at About 6.5 Percent
Shanghai's economy grew 6.9 percent last year to 3 trillion yuan ($469 billion), with services accounting for 69 percent of its economy. Beijing expanded 6.7 percent to 2.8 trillion yuan, with its high tech and strategic new industries surging more than 10 ... ( read original story ...)
After 38 years, ‘The Bund’ still rules the hearts of fans
Dubbed the Chinese version of the classic Godfather series, The Bund was first broadcast in 1980 and became all the rage among TV viewers. Set in Shanghai in the 1920s, the drama portrays a story of love and hatred among the gangs and the romance between ... ( read original story ...)
Microsoft Accelerator Shanghai empowers more start-ups
Following a period of acceleration, lasting up to six months, the 15 start-ups have received new rounds of funding totalling 900 million RMB. Shanghai’s 2035 urban plan, announced at the end of 2017, is to transform the city into an innovative ... ( read original story ...)