China’s second largest lender has opened a branch staffed by two robots and no humans after cutting nearly 10,000 workers last year. China Construction Bank (CCB) claims its new branch on Shanghai’s Jiujiang Road is the country’s first fully ... ( read original story ...)
Shanghai and London Stock Exchanges to Get a Trading Link
BOAO, China—China’s central bank governor pledged to expand foreign access to the country’s banking, securities and insurance sectors this year and open a trading link between the Shanghai and London stock exchanges ... up to market-opening promises ... ( read original story ...)
China Takes New Step Toward Opening Its Financial Markets to the World
SHANGHAI—China has pledged to launch a stock trading link between Shanghai and London by the end of this year, taking a fresh step towards opening up its financial markets and providing the U.K. with a vote of confidence ahead of Brexit. The plan ... ( read original story ...)
China suspends OTC options market to curb risks: sources
while options traded on the Shanghai Stock Exchange have also witnessed rapid growth recently. The suspension comes after signs that options in the OTC market, which change hands among institutions including commercial banks, private funds and brokerages ... ( read original story ...)
How China’s property boom is costing young lovers — and Australia
China's property prices continue to skyrocket, although in the last few months, growth has slowed thanks to tighter controls by city governments. Beijing, Shanghai and Shenzhen are the three most expensive cities. The average price of real estate in ... ( read original story ...)
China Aiming for Shanghai-London Trading Link This Year
The program with London Stock Exchange Group Plc would be the third system to give foreigners access to the mainland equity market, the world’s second biggest by value. A link between Shanghai and Hong Kong started in November 2014, and a connect between ... ( read original story ...)
China vows wider access to financial markets amid trade row
and also will "strive" to establish a similar link between Shanghai and London this year. Central Bank Governor Yi Gang also said China would move ahead with plans to remove limits on foreign shareholdings in Chinese financial institutions. Foreign firms ... ( read original story ...)