China clamping down on vast shadow banking sector

If tighter regulations squeezes banks' fund flows, "there could be some localized moves to dump sovereign debt," said a trader at a Shanghai bank. Given this potential for turbulence, some doubt that the new regulations will be enforced. In 2013 ... ( read original story ...)

Chengdu aspires to be the financial hub in west China

[Photo by Zhang Lulu/China.org.cn] The financial technology startup BankLink had a choice among Beijing, Shanghai and Chengdu to locate. Despite Beijing and Shanghai being the favorites for many Chinese entrepreneurs, the fintech company eventually ... ( read original story ...)

Shanghai skyline Lego set revealed by flagship store

The five buildings featured in the 597-piece set (#21039) are the Longhua Temple, The Bund waterfront area, the Oriental Pearl TV Tower, the Shanghai World Financial Center and the Shanghai Center Building. The Lego Architecture Shanghai skyline was ... ( read original story ...)