Shanghai is to ramp up support for the development of the green and low-carbon, metaverse, and intelligent terminal industries. The city has introduced three action plans to boost the growth of green ... ( read original story ...)
Shanghai’s Financial Institutions Helped Clients Raise USD3.7 Billion By Equity Financing in Q2
Shanghai’s financial institutions have assisted companies to raise CNY24.6 billion (USD3.7 billion) via equity financing, including initial public offerings and refinancing, in the second quarter amid ... ( read original story ...)
China sets capital requirements for financial asset investment firms
China on Friday tightened rules on companies that conduct debt-to-equity businesses for banks, setting capital adequacy requirements for so-called financial asset investment firms. Such companies ... ( read original story ...)
China’s central bank tightens cash supply, hinting exit from crisis mode
China's central bank made its biggest cash withdrawal from the financial system in three months this week, raising market suspicion that policymakers are gradually exiting crisis-mode monetary easing ... ( read original story ...)
China central bank issues draft rules on assessment of systemically important insurers
China's central bank on Friday issued draft rules on the assessment of systemically important insurers.The rules are aimed at improving China's macro prudential policies and safeguarding financial ... ( read original story ...)
Shanghai Faces ‘Relatively High’ Risk of Further COVID Community Spread
China's commercial hub Shanghai faces a "relatively high" risk of further community transmission of COVID-19, Lei Zhenglong, an official at the National Health Commission, said on Friday. Shanghai ... ( read original story ...)
Shanghai reopens cinemas but warns of COVID risks amid outbreaks
Shanghai reopened most cinemas on Friday, sticking to a plan of gradual resumption of daily activities after it lifted a two-month COVID-19 lockdown in June, while also trying, like several other ... ( read original story ...)