China's central bank on Monday kept its loan prime rates (LPRs) for January unchanged from the previous month, with the one-year LPR at 3.45 percent and the five-year LPR at 4.20 percent. Observers ... ( read original story ...)
Shanghai busts TCM scam ring targeting vulnerable hospital patients
Shanghai police have dismantled a criminal group preying on ... The operation netted over 40 suspects and seized millions of yuan in illicit earnings. Led by Dai and two other ringleaders, the group ... ( read original story ...)
China’s stock markets have lost $6.3 trillion since 2021. This year’s not looking better.
China's economy continues struggling to recover post-pandemic and is facing significant headwinds from a property crisis and a demographics crisis. ( read original story ...)
OCBC China appoints Seth Tan new head of corporate banking
Tan will be based in Shanghai and responsible for all banking relationships with state-owned enterprises and large corporations. ( read original story ...)
Shanghai delivery worker’s ‘yuan millionaire’ claim sparks heated debate amid China’s bleak jobs outlook
Claims by a food delivery worker in Shanghai that he made more than 1 million yuan (US$140,343) in three years, a story widely reported by state media and debated on social media, has offered hope to ... ( read original story ...)
BlackRock to sell Shanghai office towers acquired for US$167 million in 2018 for 30 per cent discount, sources say
BlackRock is seeking to sell an office complex in Shanghai at about a 30 per cent discount to its purchase price, people with knowledge of the matter said, reflecting the sluggish commercial property ... ( read original story ...)
Shanghai Electric Power extends deadline to acquire K-Electric by 90 days
Shanghai Electric Power Company Limited (SEP) has extended its deadline to acquire 18.3 million ordinary shares i.e. 66.40% of the total issued and paid-up capital of K-Electric Limited (KEL) by 90 ... ( read original story ...)