ALBA to tackle Shanghai’s growing scrap vehicle fleet

China: Recycling major ALBA Group has continued to expand its activities in Asia by becoming 51% majority owner of Shanghai Baosteel Auto Recycling Co. Ltd, a subsidiary of the country’s biggest steel producer Baosteel. 'We are very pleased to be able to ... ( read original story ...)

Shanghai stocks snap winning streak, resources firm weigh

So far this year, the Shanghai stock index is up 3.68 percent ... About 23.20 billion shares were traded on the Shanghai exchange, roughly 146.2 percent of the market's 30-day moving average of 15.87 billion shares a day. The volume in the previous ... ( read original story ...)

Shanghai port’s $2.15-B automated terminal now operational

The Shanghai International Port Group (SIPG) announced recently that its new $2.15-billion fully automated container terminal is now operational. The terminal, which is the fourth phase of the group’s Yangshan Port project, is designed to handle a ... ( read original story ...)

Chinese shadow banking presents economic, political challenges

December 28, 2017 Shanghai/Beijing/Hong Kong—In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a ... ( read original story ...)

Shanghai financial market turnover rises in 2017

SHANGHAI, Jan. 14 (Xinhua) -- Shanghai's financial market grew in 2017 with the overall transactions hitting 1.4 quadrillion yuan (about 220 trillion U.S. dollars), more than 17 percent of the municipality's GDP. Shanghai has a total of 1,537 registered ... ( read original story ...)