CSRC approves IPO applications of 10 firms

has approved the IPO applications of 10 companies. The firms will be allowed to raise a maximum total of 4.9 billion yuan (709 million U.S. dollars), a statement said late Friday. Four of the firms will be listed on the Shanghai bourse, two on the Shenzhen ... ( read original story ...)

Shanghai FTZ to open financial sectors wider to foreign capital

Shanghai is likely to ease limits this year on foreign investment in the banking, securities brokerage, securities fund management, futures trading and insurance sectors, according to China (Shanghai) Pilot Free Trade Zone on Thursday. The move is in line ... ( read original story ...)

Pudong tops Shanghai districts in financial talent distribution

Lujiazui, a financial hub in Shanghai's Pudong New Area, contributes a great deal to the gathering of financial talents in Pudong. [Photo/IC] Shanghai's Pudong New Area has maintained his lofty position as the city's leading financial hub for professionals ... ( read original story ...)

HSBC looks to grab market pie of MNC rivals

Mumbai: Hong Kong and Shanghai Banking Corporation (HSBC) is preparing to wrest market share in India as its multi-national rivals shrink into their home markets plagued by paucity of capital and weak risk appetite. The UK-based lender is banking on its ... ( read original story ...)