... and some members of the public said they welcome the extended smoking ban in Shanghai aimed at better shielding residents from secondhand smoke. The new regulation prohibiting smoking at all public indoor venues and indoor working areas was recently ... ( read original story ...)
New yuan fix 'encourages capital flight' from China: ex PBOC policymaker
SHANGHAI The new way China fixes the yuan exchange rate "encourages" capital flight and has led to a gradual depreciation of the currency, a former member of the central bank's Monetary Policy Committee said on Tuesday. Yu Yongding wrote in the Shanghai ... ( read original story ...)
Wowo Limited Reports Third Quarter 2016 Unaudited Financial Results
On September 3 rd, 2016, the Company announced that it entered into a strategic cooperation agreement with Shanghai Chunmin Internet Financial Information Service Co., Ltd. (“Chunmin”), to jointly build a supply chain finance company to provide JM Wowo ... ( read original story ...)
China stocks reach a 10-1/2 month high, led by financial and energy shares
SHANGHAI Nov 22 China stocks advanced to a fresh 10-1/2 month high on Tuesday, helped by a strong rally in blue-chips, in particular financial and energy shares, after U.S. exchanges rose. The blue-chip CSI300 index rose 0.8 percent, to 3,468.36 ... ( read original story ...)
China's Fosun builds stake in Portugal's biggest bank
BCP said Fosun paid 175 million euros ($190 million) for 16.7 percent of the bank's capital. Fosun is considering extending its stake to around 30 percent. The Shanghai-based conglomerate owns Club Med and other businesses in Europe, including Portugal's ... ( read original story ...)
Shanghai Industrial : 'Call a chick' fried chicken brand in trouble for obscene name, menu
SHANGHAI'S market watchdog is investigating into a fried chicken eatery chain for using obscene and vulgar name and menu to lure diners, officials said today. The eatery chain "call a chick", which literally also means 'calling a hooker" has 48 outlets ... ( read original story ...)
Turkey's president suggests Russian-led Shanghai bloc for EU alternative
Turkish president Tayyip Erdoğan indicated in a recent interview that he was fed up with waiting for the European Union to accept Turkey as a member state, indicating that he would be willing to consider joining the Russia-led Shanghai Cooperation ... ( read original story ...)