Shanghai’s financial institutions have assisted companies to raise CNY24.6 billion (USD3.7 billion) via equity financing, including initial public offerings and refinancing, in the second quarter amid ... ( read original story ...)
China sets capital requirements for financial asset investment firms
China on Friday tightened rules on companies that conduct debt-to-equity businesses for banks, setting capital adequacy requirements for so-called financial asset investment firms. Such companies ... ( read original story ...)
China’s central bank tightens cash supply, hinting exit from crisis mode
China's central bank made its biggest cash withdrawal from the financial system in three months this week, raising market suspicion that policymakers are gradually exiting crisis-mode monetary easing ... ( read original story ...)
China central bank issues draft rules on assessment of systemically important insurers
China's central bank on Friday issued draft rules on the assessment of systemically important insurers.The rules are aimed at improving China's macro prudential policies and safeguarding financial ... ( read original story ...)
What a tycoon’s trial says about the rot in China’s financial system
So far they have heard nothing, not even as his trial kicked off in a Shanghai courtroom on July 4th. All details of the charges he faces have been kept secret. The only official recognition of the ... ( read original story ...)
Millions Tested In Shanghai As China Grapples COVID Resurgence
Millions of people in Shanghai queued for a third day of mass COVID-19 testing on Thursday as authorities in several Chinese cities scrambled to stamp out new outbreaks that have rekindled worries ... ( read original story ...)
Shanghai bourse tops world in H1 IPO proceeds with US$32.8b
Shanghai accounted for 34 percent of global IPO funds raised and Shenzen led the world by volume, with 81 listings. Shanghai, a well-established destination for investment from home and abroad, is ... ( read original story ...)