Category: FINANCE

BEIJING (Reuters) - A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector. ( read original story ...)

China CITIC Bank has been fined 224.75 million yuan ($31.7 million) for 56 violations, according to a statement by the National Administration of Financial Regulation on Friday. The head office of the ... ( read original story ...)

World shares were mixed on Friday after Wall Street closed out its best month of the year with big gains in November. Germany’s DAX rose 0.6% to 16,309.89 and the CAC 40 in Paris added 0.5% to $7,348. ( read original story ...)

For stock traders in Hong Kong, an approaching typhoon has long meant the anticipation of an impromptu day off. No longer. The exchange operator just unveiled a plan to keep the local bourse open during severe weather. ( read original story ...)

Hong Kong’s Hang Seng dropped 0.5% to 16,950.14, hovered around a one-year low, and the Shanghai Composite index was down 0. ... The Dow rose 8.8% in November and the Nasdaq 10.7%. The market marched steadily higher for much of November as investors ... ( read original story ...)

SHANGHAI -- Two companies linked to troubled Chinese shadow bank Zhongzhi Enterprise Group said they have lost contact with their chairpersons, raising speculation that they have been detained by ... ( read original story ...)

SHANGHAI -- Two companies linked to troubled Chinese shadow bank Zhongzhi Enterprise Group said they have lost contact with their chairpersons, raising speculation that they have been detained by ... ( read original story ...)