HANGZHOU, May 30, 2018 /PRNewswire/ -- Ant Financial Services Group ("Ant Financial") has signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. ("SPD Bank") to support the bank's digital transformation with Ant Financial ... ( read original story ...)
Chinese regulator assures readiness for financial markets deregulation
a senior securities regulator said at a financial forum in Shanghai. Reuters cited Fang Xinghai, vice chairman of the China Securities Regulatory Commission as saying: "Currently, global institutional investors are generally underweight Chinese assets. ( read original story ...)
Will China’s debt woes develop into a full-blown banking crisis?
And Shanghai Dasheng Agriculture Finance Technology announced on Tuesday that two of its units had defaulted on loan repayments to the Bank of Shanghai, valued at 89.9 million yuan. “It is not unusual for businesses with a high leverage ratio to find ... ( read original story ...)
That Calm Chinese Stock Market? It’s Engineered by the Government
SHANGHAI—Long derided as a casino, China’s once-volatile stock market is going through a long stretch of calm. One reason is an orchestrated government effort to keep traders and investors in line. Three years after a national uproar when Chinese ... ( read original story ...)
Fidelity on the hunt for under-performing Chinese banking stocks, while avoiding pharmas
ICBC dropped 1.9 per cent to 5.63 yuan (US 87.7 cents) in Shanghai on Wednesday, adding to a 9.2 per cent decline this year, Construction Bank slid 2.2 per cent to 7.05 yuan to cap a 8.2 per cent year-to-date loss, and Bank of China fell 1.8 per cent to 3 ... ( read original ...
The Oddest Things About China’s $7.4 Trillion Stock Market
... Tokyo Stock Exchange also uses auspicious red to denote stock advances. Forget about the long term, it’s a punter’s market in China. Institutional investors are fairly absent from Shanghai, where individuals and day traders make up about 80 ... ( read original story ...)
Market turmoil spreads to Asia
Asian stock markets slumped Wednesday as jitters spread over Italy's escalating political crisis and renewed US-China trade tensions. Japan's Nikkei and Hong Kong's Hang Seng both fell around 1.5%, while the Shanghai ... Jingyi Pan, a market strategist ... ( read original story ...)