Seen as a proponent of economic reforms, Li will likely champion Xi's vision for Shanghai as a global trading hub. The official Xinhua News Agency reported Sunday that Li replaces Han Zheng, who was elevated to the party's top decision-making body ... ( read original story ...)
WGC Champions: Dustin Johnson takes six-shot lead in Shanghai
Dustin Johnson extended his lead to six shots after three rounds of the WGC Champions in Shanghai. The world number one carded ... Rose is joint fourth on nine under after a 72. Koepka, who led after the first round and was one shot behind Johnson after ... ( read original story ...)
China approves IPO applications from 9 companies
China's securities regulator has approved IPO applications from nine companies, which will raise no more than 9.5 billion yuan (around 1.43 billion U.S. dollars) in the A-share market. Five companies will be listed on the Shanghai Stock Exchange ... ( read original story ...)
Shanghai Disneyland: The Disney park where everything’s bigger
Park guests — there were 11 million even before its first birthday — are mostly Chinese but an increasing number of foreigners are coming to Shanghai just to visit the new Disneyland as the city becomes more of a hub for international travellers thanks ... ( read original story ...)
Chinese tutoring company Four Seasons Education sets terms for $101 million IPO
Four Seasons Education, a Chinese provider of after-school math tutoring services, announced terms for its IPO on Friday. The Shanghai, China-based company plans to raise $101 million by offering 10.1 million shares (9% insider) at a price range of $9 to $11. ( read original story ...)
China Central Bank Sells 63-Day Reverse Repo for First Time
“The operation is aimed at smoothing liquidity volatility toward the beginning of next year,” said Li Liuyang, a Shanghai-based analyst at China Merchants Bank Co. “The cost of the two-month contracts also helps to fill in the gap in the interest ... ( read original story ...)
Shanghai FTZ to Get Customs Boon
China plans to launch a new free port within the Shanghai Pilot Free Trade Zone to increase the openness and sophistication of customs, trade, financial, and foreign currency systems, according to China Daily. A planned free port in which transiting goods ... ( read original story ...)