SHANGHAI An adviser to China's central bank has flagged that China's central bank could reduce the amount of cash banks need to hold, saying such cuts to the reserve requirement ratio would be normal given the sharp drops in its foreign exchange reserves. ( read original story ...)
3rd Singapore-Shanghai Financial Forum Takes Financial Collaboration To New Heights
The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (SFSO) held the 3rd Singapore-Shanghai Financial Forum (SSFF) in Singapore today. The SSFF is an annual forum that brings together industry participants from ... ( read original story ...)
China central bank resumes cash injections as shadow banking crackdowns spur liquidity worries
SHANGHAI (Reuters) - China's central bank resumed injections into the money market on Thursday after a near three-week absence, in an apparent bid to ease fears of a cash crunch in the financial system following massive drains from maturing debt instruments. ( read original story ...)
China cbank resumes cash injections as shadow banking crackdowns spur liquidity worries
SHANGHAI, April 13 (Reuters) - China's central bank resumed injections into the money market on Thursday after a near three-week absence, in an apparent bid to ease fears of a cash crunch in the financial system following massive drains from maturing debt ... ( read original story ...)
MOUs for financial collaboration
These MoUs were signed at the third Singapore-Shanghai Financial Forum, held at the Marina Mandarin hotel. The two cities are important financial centres with plenty of opportunities to learn and cooperate, speakers at the forum agreed. Jacqueline Loh ... ( read original story ...)
Shanghai Pudong Development Bank sets up Singapore branch
Shanghai Pudong Development Bank (SPD Bank) announced Wednesday that it had established a branch in Singapore. The Singapore branch is the first overseas branch of SPD Bank and will spearhead its internationalization strategy, especially in Southeast Asia ... ( read original story ...)
Shanghai exchange freezes broker account after sell-off causes two major stocks to plunge
The Shanghai Stock Exchange suspended an unnamed brokerage’s trading account on Wednesday for causing share-price plunges in two of the country’s bluechip stocks, as the regulator’s intensified its moves to clamp down on market manipulation. ( read original story ...)