The tie-up between the London Stock Exchange and the Shanghai Stock Exchange will, however, give Chinese companies the ability to raise capital in Europe’s largest equity market. London-listed compani... ( read original story ...)
China’s Banking Showdown: WeChat vs. 3 Million Bank Tellers
If they do wander into a bank, it might be one like the country’s first fully automated branch, which opened this summer in Shanghai. Customers gain entry with facial and voice recognition scans and a... ( read original story ...)
Shanghai issues first negative list for cross-border services
Shanghai, China’s financial hub, released its first negative list for cross-border service trade on Tuesday, alongside a document designed to implement its measures. A total of 159 detailed ... ( read original story ...)
PetroChina single-handedly helps China’s faltering stock market stay afloat
PetroChina was the lone hero among shares on Tuesday, helping China’s slumping stock market stay afloat. Shares of the nation’s biggest oil producer contributed to the bulk of a rebound in the benchma... ( read original story ...)
After Golden Week, China’s Stock Market Falls On Serious Threats From Washington
with Shanghai 50 and the Shanghai 180 both down more than 4%. In New York, the Deutsche X-Trackers China A-Shares Fund (ASHR) was down 1.87% in the pre-market. This could be a sign of the times for Ch... ( read original story ...)
Top 10 world financial centers
Shanghai overtook Tokyo to enter into the top 5 of the 24th edition of the Global Financial Centres Index, while Beijing, Zurich and Frankfurt moved into the top 10, replacing Toronto, Boston and San ... ( read original story ...)
China shares tumble, central bank’s move to aid economy shrugged off
SHANGHAI (Reuters) - China stocks tumbled on ... On Sunday, the People’s Bank of China (PBOC) announced a 100-basis-point cut to banks’ reserve requirement ratio (RRR), stepping up efforts ... ( read original story ...)