The two were on trial in Shanghai Friday. Kutulakos said the council doesn’t see many cases like this, but it’s important that anyone doing business in China not take shortcuts, as the consequences of doing so are “very severe.” “Doing business ... ( read original story ...)
Shanghai SIPG, Urawa Red Diamonds advance in Asia
SEOUL, Korea, Republic Of - Shanghai SIPG and Urawa Red Diamonds advanced to the quarterfinals of the Asian Champions League on Wednesday. Shanghai beat Chinese league rival Jiangsu Suning 3-2 to advance 5-3 on aggregate, while Urawa defeated Jeju United 3 ... ( read original story ...)
BRIEF-Shanghai Shunshuo New Materials’ units to invest 420 mln yuan in projects
May 31 Shanghai Shunshuo New Materials Science Technology Co Ltd * Says two units plan to invest a combined 420 million yuan ($61.68 million) in projects related to biotech, bio-organic fertilizers Source text in Chinese: bit.ly/2rUgAHF; bit.ly/2raSMxW ... ( read original story ...)
Special Report: ‘Ghost collateral’ haunts loans across China’s banking system
recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $3 million from his bank, China CITIC, had vanished from a warehouse on the outskirts of the city. Just several months earlier, in mid-2013, Wang and the ... ( read original story ...)
China struggling to end world-leading cigarette habit: study
Such numbers have prompted efforts to restrict the formerly ubiquitous practice. Major cities including Beijing and Shanghai having recently moved to ban public smoking, with Shanghai's prohibition going into effect in March. In 2015, the central ... ( read original story ...)
TOCOM dives to 6-week low, led by Shanghai plunge
TOKYO, May 31 (Reuters) - Benchmark Tokyo rubber futures hit 6-week lows on Wednesday, pressured by a nearly eight percent plunge in Shanghai futures to the lowest since November 2015, amid oversupply concerns. The Tokyo Commodity Exchange (TOCOM) rubber ... ( read original story ...)
China’s Zhong An aims to raise at least $1 billion in Hong Kong IPO – sources
The Shanghai-based insurer chose Credit Suisse, JPMorgan and UBS in October to lead the IPO, but later suspended the plan to explore a mainland listing. The following February, Reuters reported that the mainland securities regulator was considering ... ( read original story ...)