Shanghai will further open up its financial markets and introduce more products including futures and options for foreign investors in a bit to build up a global hub for the yuan-denominated asset ... ( read original story ...)
Shanghai to raise Yangtze rail spending to almost $20bn in 2024
Authorities in China’s Yangtze River Delta region are planning to invest $19.4bn in rail projects this year, an increase of 12% on 2023. Among the 32 schemes that will get underway is Shanghai East ... ( read original story ...)
China’s state buying may fade after sentiment improves as ‘hot money’ trickles into stock market
China’s state-backed funds have bought at least US$57 billion of onshore stocks via exchange-traded funds tracking the underlying CSI 300 Index, according to UBS ... ( read original story ...)
Stock market today: Asia stocks mixed after Wall Street slumps to worst day in weeks
Asian stocks were mixed on Wednesday after tumbling Big Tech stocks dragged Wall Street to its worst day in three weeks.U.S. futures and oil prices rose.Japan’s Nikkei 225 index was virtually flat at ... ( read original story ...)
Yuan steady as central bank sets firmest fixing in a month
SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as the central bank set a daily midpoint guidance rate at its firmest in a month, while investors were waiting for a press ... ( read original story ...)
Shanghai arts centre achieves Meyer Sound tech firsts
A new addition to the cultural life of China’s largest city, Bank of Communications NEW BUND 31 Performing Arts Center, offers state-of-the-art technical facilities for hosting events of any type, ... ( read original story ...)
China National Team Stock Buying May Slow on Rebound, Jefferies Says
Equity purchases by Chinese government-led funds aimed at supporting the market will likely slow down if mainland stock benchmarks can hold their recent rebound, according to Jefferies Financial Group ... ( read original story ...)