Today, Shanghai and Shenzhen consider Hong Kong a competitor ... The most valuable companies in Hong Kong continue to be financial and real estate groups, and the most common formula for wealth ... ( read original story ...)
Shanghai’s Lingang area to deepen opening-up
Wang Xin, a director of the People's Bank of China, also said during the conference that the new area will be developed within the broader picture of building up Shanghai as a financial center, ... ( read original story ...)
China Says U.S. Currency Manipulator Labelling Could Cause Chaos in Financial Markets
BEIJING/SHANGHAI — China's central bank said on Tuesday that Washington's decision to label Beijing as a currency manipulator would "severely damage international financial order and cause chaos in ... ( read original story ...)
SBI becomes 1st Indian bank to link up with Chinas National Advance Payment System
The State Bank of India's Shanghai branch is now connected to China's National Advance Payment System (CNAPS), becoming the first Indian Bank to operationalise it, a senior bank official said on ... ( read original story ...)
China c.bank says confident of keeping yuan stable
SHANGHAI — China’s central bank is confident and capable of keeping the yuan basically stable at reasonable and balanced levels after it weakened past the key 7 per dollar level on Monday morning. ... ( read original story ...)
China’s central bank to sell yuan bills in Hong Kong
HONG KONG/SHANGHAI (Reuters) - The People’s Bank of China will sell 30 billion yuan ($4.26 billion) of offshore yuan-denominated bills in Hong Kong on August 14, it said on Tuesday. The PBOC is ... ( read original story ...)
Bank suspends North Point services
The Shanghai Commercial Bank announced the temporary closure of its North Point branch and Victoria Centre branch until further notice. Customers are being advised to use the internet/ mobile banking ... ( read original story ...)