SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to ... ( read original story ...)
China’s leaders fret over debts lurking in shadow banking system
In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to offer them. "He said there is a ... ( read original story ...)
Special Report – China’s leaders fret over debts lurking in shadow banking system
SHANGHAI/BEIJING/HONG KONG (Reuters) - In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had ... ( read original story ...)
Shanghai and Shenzhen stock exchanges continue to chip away at Hong Kong’s IPO attractiveness
Hong Kong stock exchange will face mounting competition from Shanghai and Shenzhen bourses, as speedier listing approval process and strong demand from investors expected next year will help them to extend their top rankings. In its annual IPO review and ... ( read original story ...)
China bourses behind Asia’s lead in global IPO boom
Of the country's total funds raised, 56% was from Shanghai, making it Asia's top IPO destination. The boom is largely due to an acceleration in listing approvals. "The volume of new issue was at a historic high," said Edward Au, co-leader of the national ... ( read original story ...)
Shanghai banks offer customers rice, cooking oil to attract deposits as funding dries up
From cooking oil and rice to public transport cards, Shanghai’s smaller banks have been aggressively doling out free gifts – on top of higher returns – in an attempt to attract larger deposits before the year is out. In a branch of Huaxia Bank in ... ( read original story ...)
Shanghai stock market edges up, but blue-chip index down
SHANGHAI, Dec 26 (Reuters) - China's main Shanghai stock market rose slightly on Tuesday, but both the blue-chip index and the start-up board ChiNext dipped in holiday-thinned trade, as banking system liquidity remains relatively tight. ** Hong Kong market ... ( read original story ...)