Lujiazui financial district in Shanghai. (Photo: CFP) An overhaul of China’s financial industry has kicked off, noted an industry insider, pointing out that to ensure the bounden duty and purpose of the financial sector and defuse risks remain the key ... ( read original story ...)
China stocks regulator approves 3 IPOs to raise about $221 million
One of the IPOs will be on the Shanghai bourse, one is on the Shenzhen Small & Medium Enterprise board, and the other is on the ChiNext board, the agency reported the China Securities Regulatory Commission saying. ( read original story ...)
Looking for that ‘Two Sessions bump’ in the stock market? Best wait two weeks for the afterglow
If you are an investor watching out for that stock market bump from China’s annual legislative meetings, history has some insights to offer. Since 2000, when Jiang Zemin was China’s head of state and Zhu Rongji was the premier, the benchmark Shanghai ... ( read original story ...)
China pledges wider market access, especially for financial sector
SHANGHAI (Reuters) - China’s foreign minister said on Friday ... open the services sector, especially the financial sector, wider, and create a more appealing investment environment,” he wrote. The comments come amid simmering trade tensions with ... ( read original story ...)
Shanghai records highest per capita disposable income
A man flies a kite along the bund as the Lujiazui Financial District stands in the background in Shanghai, Sept 4, 2017. [Photo/VCG] Last year, residents' per capita disposable income topped 30,000 yuan ($4,735) in seven of China's 31 provincial-level ... ( read original story ...)
Reports of IPOs’ death have been greatly exaggerated
The top five exchanges by IPO proceeds raised were New York, Shanghai, Hong Kong, Shenzhen and London. Hong Kong was the top IPO destination based on number of IPOs, the United States was the leader based on proceeds and companies from mainland China ... ( read original story ...)
China stocks rally as consumer, banking firms climb; Hong Kong also up
SHANGHAI, March 1 (Reuters) - China stocks recouped earlier losses to climb by midday Thursday as consumer and banking firms rose, after a private survey showed the country’s factory growth rose to a 6-month high in February. ** Growth in China’s ... ( read original story ...)