Le Maire, who visits Beijing and Shanghai this week, will discuss ways to give French ... China earlier this month unveiled a set of financial reforms during a trip by U.S. President Donald Trump to Beijing, while Le Maire’s trip comes ahead of a visit ... ( read original story ...)
China approves five IPO applications
BEIJING, Dec. 2 (Xinhua) -- Chinese securities regulator has approved five IPO applications this week, which will raise up to 3.7 billion yuan (about 559 million U.S. dollars) in the A-share market. Two companies will be listed on the Shanghai Stock ... ( read original story ...)
Regulator fines China Minsheng Banking $4.2 mln for fake wealth product sales
SHANGHAI, Dec 1 (Reuters) - China's banking regulator has fined a Beijing branch of China Minsheng Banking Corp 27.5 million yuan ($4.16 million) for selling fake wealth management products, according to a notice posted on its official website on Thursday. ( read original story ...)
Regulator fines China Minsheng Banking $4.2 million for fake wealth product sales
SHANGHAI (Reuters) - China’s banking regulator has fined a Beijing branch of China Minsheng Banking Corp (1988.HK) 27.5 million yuan ($4.16 million) for selling fake wealth management products, according to a notice posted on its official website on ... ( read original story ...)
Shanghai asks IKEA to investigate product safety after US recall
A spokesperson for Shanghai Administration of Quality and Technology Supervision said it raised the concern with IKEA, asking it to investigate if any of its products are faulty, to evaluate safety risks, and not to evade the responsibility of recall. ( read original story ...)
Minsheng Bank Fined Record $4 Mln for Wealth Management Fraud
In 2012, Huaxia Bank, a midsize commercial bank, blamed an employee at a Shanghai branch for selling unauthorized wealth management products, causing dozens of depositors to lose millions of yuan. The bank eventually reimbursed customers after initially ... ( read original story ...)
Canadians doing business in China should be warned of possible trouble, former envoy says
A former Canadian ambassador to China says Ottawa should issue a prominent and official warning to Canadian business people that commercial ... says the case of two Canadian wine merchants held captive in Shanghai is a troubling sign of a bigger problem. ( read original story ...)