Banks must comply with current policies on M&A loans and ensure these funds aren’t used in deals where land is the main underlying asset, according to a January 24 circular by the Shanghai branch of the China Banking Regulatory Commission (CBRC ... ( read original story ...)
Shanghai foreign investment falls for 1st time in 18 yrs
SHANGHAI - Foreign investment into Shanghai in 2017 dropped for the first time in 18 years due to control measures in the property and financial service industries. China's financial and business center received $17 billion of foreign investment last year ... ( read original story ...)
Australian company hails Shanghai police as scam money recovered
demanding funds for a business merger, police said. Police at the Free Trade Zone in Shanghai received a report of the case since the scam account, which was an offshore bank account, was opened at a Shanghai Pudong Development Bank branch. In the end ... ( read original story ...)
Experts: Shanghai-London Stock Connect to better regulate China’s A-share market
The much anticipated Shanghai-London Stock Connect is expected to be launched in 2018 after over three years in the making, despite the challenges it might meet in the future. Investments are now expected to flow both ways more easily. Though the Stock ... ( read original story ...)
Regulator Steps Up Scrutiny of Property Lending in Shanghai
The banking regulator in China’s financial hub of Shanghai has ordered commercial banks to tighten control of lending for acquisitions in the property sector, as part of the country’s efforts to contain housing market bubbles and financial risks. ( read original story ...)
Hong Kong seen winning mega-IPO from Xiaomi after reforming listing rules
Xiaomi would like to be the first company to list under the new IPO rules allowing for a two-tiered share structure ... a partner at Xufunds Investment Management in Shanghai. “That will help to cement its position as a global financial centre.” ( read original story ...)
Hareon faces huge losses, possible delisting from stock market
Because Hareaon recorded a similarly poor performance in the fiscal year 2016, the company is to be publicly marked with a delisting warning, according to the regulations of the Shanghai Stock Market. This is not the first time that Hareon has found itself ... ( read original story ...)