Shanghai Stock Exchange STAR 50 closed at 1,399.55 on Wednesday. The STAR Market recorded a total trading volume of 0.7 bln shares with a turnover value of RMB 43.1 bln, down 21.8% from yesterday. ( read original story ...)
China’s Bank of Communications accuses Sinopec of fraud in legal row
The Bank of Communications has accused Chinese oil trader Sinopec, the world’s second-biggest company by revenue, of fraud in a legal row over four letters of credit (LCs) extended in 2019. Police in ... ( read original story ...)
Shanghai speed in handling of epidemic flare-up a hint of China’s system
On October 31, the Shanghai Disney Resort suddenly shut down after a confirmed COVID-19 case was found to have visited there one day earlier. This news was quickly reported by media globally. Here ... ( read original story ...)
Shanghai Composite Index Fell 0.2% on Wednesday
China’s benchmark Shanghai Composite Index lost 0.2% on Wednesday, while the Shenzhen Component Index fell 0.07%. Shanghai’s tech-heavy STAR 50 Index lost 0.43% for the day, w ... ( read original story ...)
Shanghai Regains Top Spot as China’s Most Economically Competitive City, Survey Shows
Shanghai has reclaimed its crown as China’s most economically competitive city, which refers to a city’s ability to provide jobs, income, governance and the urban environment needed for its residents ... ( read original story ...)
China Stock Market May Find Traction On Wednesday
The China stock market has moved lower in back-to-back trading days, sinking more than 40 points or 1.2 percent along the way. The Shanghai Composite Index now rests just above the 3,500-point plateau ... ( read original story ...)
Fitch Upgrades China Merchants Bank’s IDR to ‘A-‘; Outlook Stable
Fitch Ratings has upgraded China Merchants Banks Co., Ltd.'s (CMB) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'A-' from 'BBB+'. The Outlook is Stable. The Support Rating (SR) has been ... ( read original story ...)