Category: FINANCE

SHANGHAI (Reuters) - China's central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of a tightening policy bias as the economy shows signs of steadying. ( read original story ...)

Hongkong and Shanghai Banking Corporation is expected to launch a mobile wallet next week to take part in the emerging P2P payment market, local media reports.PayMe from HSBC, the P2P mobile app that could bundle a Visa or MasterCard credit card ... ( read original story ...)

SHANGHAI Feb 3 China's central bank raised the lending rates on its standing lending facility (SLF) loans on Friday, two banking sources said. The overnight rate for the SLF loan was raised to 3.1 percent from 2.75 percent, the rate for seven-day tenor to ... ( read original story ...)

This season, Shanghai SIPG alone has spent more than $100 million signing Brazilian pair Oscar and Hulk -- and will spend many more millions on player wages. Shanghai Greenland Shenhua, meanwhile, made Carlos Tevez the highest earning footballer on the ... ( read original story ...)

SHANGHAI (AFP) – Missing Chinese billionaire Xiao Jianhua’s company said on Thursday (Feb 2) all was “normal” in his business empire but did not address reports that he was whisked to China for investigations into 2015 stock market turmoil. ( read original story ...)

China’s stock market regulator has accelerated approvals for initial public offerings in recent months but market watchers say that long-awaited deregulation of the process is still years away. IPO fundraising in Shanghai and Shenzhen has totalled ... ( read original story ...)

A Chinese billionaire often called "China's Carl Icahn" will go to prison for his role in crashing his country's stock market. Xu Xiang, a renowned hedge fund manager who ran Shanghai Zexi Investment, was sentenced to five and a half years in jail ... ( read original story ...)