Chinese policymakers are seeking to mobilise about 2 trillion yuan ($278.53 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilisation fund to buy shares onshore through the Hong Kong exchange link, Bloomberg News reported. ( read original story ...)
China stocks rally after central bank cuts bank reserves
SHANGHAI: China stocks rallied for a third straight session on Thursday, after the country’s central bank announced supportive policies including a deep cut to bank reserves to spur a fragile economy ... ( read original story ...)
Foreign institutions heavily engaged in China’s financial market
The strong presence of foreign financial institutions in China comes as the country steadily opens its financial sector through measures such as scrapping restrictions on the ratio of foreign ... ( read original story ...)
Massive digital yuan pilot projects planned in Shanghai development
A Chinese Communist Party Central Committee plan for the development of a district of Shanghai is full of world-class trade facilities and opportunities to use the Chinese CBDC. ( read original story ...)
China stock valuations sink to 5-year low, led by finance sector
The average P/B ratio -- the value of shares compared with net assets -- at 4,880 major Chinese companies stood at about 1.7 as of Monday, according to QUICK-FactSet. This is the lowest since October ... ( read original story ...)
Shanghai airports go into high gear for Spring Festival holiday rush
Shanghai's two airports are working at full stretch for this year's Spring Festival holiday rush, which will start on Friday and last until March 5. To celebrate the Year of the Dragon, special ... ( read original story ...)
Shanghai to Keep Promoting IC, Biomedicine, AI Industries, Mayor Says
(Yicai) Jan. 24 -- Shanghai will further promote the development of its top three industries, namely integrated circuits, biomedicine, and artificial intelligence, according to the municipality’s ... ( read original story ...)