Following China’s introduction of its first tax free refund service for overseas tourists to reclaim 9% on all purchases in Shanghai, the Bank of China (BOC) has announced a new partnership with Global Blue to help manage the process. At the same time ... ( read original story ...)
Shanghai, Tianjin beef up debt curbs to cool red-hot housing market
Shanghai, China's financial hub, has raised the minimum required downpayment and tightened eligibility criteria for buyers of first homes, state media reported on Tuesday. On Monday, Tianjin also announced stricter tightening measures to rein in a soaring ... ( read original story ...)
China's first foreign insurance joint venture reaches 20 years
To date, the Company has more than 13,000 professionally trained agents and employees, providing financial and insurance services to over 900,000 customers. Manulife-Sinochem is now operating steadily in 51 cities in Shanghai, Beijing, Guangdong ... ( read original story ...)
A Stock Trading Link Between Hong Kong and Shenzhen Will Go Live Next Week
The market is still awaiting clarification by the Chinese ... in line with the current rules for Hong Kong Shanghai Connect. A long-awaited stock trading link between the Hong Kong and Shenzhen exchanges will go live on Dec. 5, regulators said on Friday ... ( read original story ...)
China c.bank warns against outflows via Shanghai FTZ disguised as investment -sources
SHANGHAI, Nov 25 (Reuters) - China's central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on Friday. ( read original story ...)
Hong Kong-Shenzhen stock market link to launch Dec 5
SHANGHAI: A long-delayed trading link between ... The scheme will link mainland China's second stock exchange, the world's eighth largest with a market capitalisation of US$3.3 trillion as of September, with the bourse in Hong Kong. The former British ... ( read original story ...)
China’s Central Bank Issues a Warning as the Yuan Continues to Plummet
China’s central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on Friday. The Shanghai headquarters ... ( read original story ...)