Alibaba owns South China Morning Post. The Shanghai Stock Exchange pulled Ant Group's IPO on November 3, halting what would have been the world's largest-ever fundraising. Chinese regulators unleashed ... ( read original story ...)
China c.bank injects record 950 bln yuan of medium-term funds after bond defaults
China's central bank made its biggest ever injection of medium-term funds on Tuesday to shore up liquidity, after recent corporate bond defaults shattered investor confidence and scuppered new ... ( read original story ...)
China Stock Market Waiting On Economic Data
The China stock market has finished higher in two of three trading days since the end of the three-day slide in which it had fallen almost 75 points or 2.1 percent. The Shanghai Composite Index now ... ( read original story ...)
Shanghai Pudong Development Bank develops cutting-edge treasury services in Hong Kong
SPD Bank enhances treasury operations to drive growth with Finastra's Fusion SummitHONG KONG, Dec. 15, 2020 /PRNewswire/ -- Shanghai Pudong ... ( read original story ...)
China’s average home price rises for 33rd month, defying bank regulator’s warning of ‘grey rhino’ spillover risks
Wary of using blunt instruments like the central bank's key interest rate, local authorities are resorting to administrative measures to keep a lid on home prices. Shanghai residents, who are allowed ... ( read original story ...)
Bank accounts of Protestant Church frozen in ‘political retaliation’
On 7 December, the Hong Kong and Shanghai Bank (HSBC) froze five bank accounts that belong to the Church on orders of the police. The latter accuse the Church of money laundering and fraud. According ... ( read original story ...)
Digital yuan poses no threat to global monetary systems, says former head of China’s central bank
China’s new sovereign digital currency could transform cross-border trade due to its ability to process payments and handle foreign exchange transactions simultaneously. That’s according to the former ... ( read original story ...)