The strong presence of foreign financial institutions in China comes as the country steadily opens its financial sector through measures such as scrapping restrictions on the ratio of foreign ... ( read original story ...)
Massive digital yuan pilot projects planned in Shanghai development
A Chinese Communist Party Central Committee plan for the development of a district of Shanghai is full of world-class trade facilities and opportunities to use the Chinese CBDC. ( read original story ...)
China stock valuations sink to 5-year low, led by finance sector
The average P/B ratio -- the value of shares compared with net assets -- at 4,880 major Chinese companies stood at about 1.7 as of Monday, according to QUICK-FactSet. This is the lowest since October ... ( read original story ...)
Shanghai airports go into high gear for Spring Festival holiday rush
Shanghai's two airports are working at full stretch for this year's Spring Festival holiday rush, which will start on Friday and last until March 5. To celebrate the Year of the Dragon, special ... ( read original story ...)
Shanghai to Keep Promoting IC, Biomedicine, AI Industries, Mayor Says
(Yicai) Jan. 24 -- Shanghai will further promote the development of its top three industries, namely integrated circuits, biomedicine, and artificial intelligence, according to the municipality’s ... ( read original story ...)
Buyer Beware: China Faces Challenges Bolstering Its Stock Market
Investors should be wary of the government's efforts to prop up China's equity markets. The weakness in the property market could be the tip of an iceberg. ( read original story ...)
Cargo vessel carrying 16 Turkish nationals collides with another off Shanghai
All 21 crew members on Marshall Islands-flagged ship safely transferred to less-damaged ship, says Turkish Embassy in China - Anadolu Ajansı ... ( read original story ...)