China stocks were higher after the close on Thursday, as gains in the Telecoms, Mobile and Software & Computer Services sectors led shares higher. At the close in Shanghai, the Shanghai Composite gain... ( read original story ...)
Shanghai’s foreign banks become main credit suppliers
(MENAFN - Asia Times) Foreign banks in Shanghai have replaced Chinese banks to become the main force of credit supply, The Paper reported. According to the latest data released by the central bank ... ( read original story ...)
API Sandbox And Open Banking Collaboration Debut In UAE
FinTech software firm Temenos said at the beginning of the week that it is working with Shanghai Pudong Development Bank (SPD Bank) to jointly establish an innovation lab in Shanghai. The companies sa... ( read original story ...)
China pledges sustained support for BRICS bank
Chinese Vice Premier Han Zheng on Tuesday met with Kundapur Vaman Kamath, president of the New Development Bank (NDB), and pledged sustained support for the Shanghai-based BRICS bank. Reiterating Chin... ( read original story ...)
Shanghai says study into 2032 Olympics doesn’t mean it will launch bid to host Games
Shanghai authorities have confirmed they ordered a feasibility study on hosting the 2032 Olympic Games, but say no decision has been made on whether they will launch a bid. The Shanghai Sports Bureau ... ( read original story ...)
Weak stock market an ‘embarrassment’ for China, says Beijing adviser
“It is so embarrassing that the total [value of the] stock market of China” is equivalent to the market capitalisation of seven Apple Incs, he told an audience of bankers and business executives. Chin... ( read original story ...)
282 Air France passengers stranded in freezing Siberia for 3 days after emergency stop en route to Shanghai
Passengers on an Air France flight en route to Shanghai were left stranded in freezing Siberia for three days after their plane was forced to make an emergency landing and their replacement plane suff... ( read original story ...)