SBI is the only Indian bank to have obtained the license to do business in local currency Beijing: The State Bank of India's (SBI) Shanghai branch is now connected to China's National Advance Payment ... ( read original story ...)
Morgan Stanley buys 2% needed for control of China banking JV
The bank currently has a 49% stake in the joint ... according to a separate notice on the Shanghai United Assets and Equity Exchange website dated Aug. 1. The news comes amid mounting tensions ... ( read original story ...)
U.S., China to keep talking on trade after little progress in Shanghai
The White House and China’s Commerce Ministry each described the meetings in Shanghai as constructive ... disrupting global supply chains and roiling financial markets. The International Monetary Fund ... ( read original story ...)
China’s financial opening-up has righteous motives despite Western skepticism, distortion
The financial opening-up has two aspects ... It has also been pushing forward the opening via trading programs such as Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, bond connect ... ( read original story ...)
Chinese drugmaker Chipscreen’s STAR Market IPO sees feverish demand
While the scramble reflects a strong appetite for listings on Shanghai's Nasdaq-style STAR Market, which was launched in June, it also underlines the challenge for bankers to value IPOs for tech start ... ( read original story ...)
China central bank keeps powder dry after Fed rate cut, but more easing expected
SHANGHAI (Reuters) - China's central bank kept its main policy rates on hold on Thursday, opting not to follow an overnight benchmark rate cut by the U.S. Federal Reserve as policymakers wait to ... ( read original story ...)
China, U.S. Conclude Shanghai Talks Without Signaling Progress
Shanghai is mainland China’s financial capital and its busiest port. The Peace Hotel’s setting in the former International Settlement, which the U.S. helped manage during a period of foreign ... ( read original story ...)