Category: FINANCE

With more than 24 million people, Shanghai is not only the most populous city in China, but it is also the world’s most populous city proper. It is also a global financial center and a transport hub with the world’s busiest container port. Shanghai ... ( read original story ...)

The three exchanges – China Financial Futures Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange – will take a combined 30 percent, while the remaining 10 percent will be halved between their local partners – Pak-China Investment Company ... ( read original story ...)

China’s institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office of the People ... ( read original story ...)

The Shanghai Stock Exchange is making further efforts to internationalise its business after a senior official unveiled plans to launch a so-called “D-share” market to trade yuan-denominated shares in Frankfurt, Germany. Que Bo, a vice president of the ... ( read original story ...)

A leading financial expert has warned changes to the pension assets test are likely to encourage some retirees to make riskier investments or spend their savings more quickly. From January 1 this year, pensioners are subject to a changed assets test from ... ( read original story ...)

ANZ has kicked off the new year by advancing its strategy to cut its retail presence in Asia through announcing the sale of its stake in Shanghai Rural Commercial Bank (SRCB). Banking Group Ltd. will pocket 1.323 billion US dollars once it offloads its 20 ... ( read original story ...)

Australia & New Zealand Banking Corp. agreed to sell its 20 percent stake in Shanghai Rural Commercial Bank Co. for A$1.84 billion ($1.33 billion), Chief Executive Officer Shayne Elliott’s latest move to unwind an Asian expansion that sapped profits. ( read original story ...)