SHANGHAI — China’s financial capital is known for its glamorous riverfront. The neon-lit skyscrapers of the Pudong district are on one side and the beloved Bund, or embankment walkway, on the other, fronted by historic colonial-era bank buildings that ... ( read original story ...)
Financial sector still a top draw for talent despite dwindling market turnover
Though Hong Kong is the only market at present to tie up with Shanghai and Shenzhen, it would lose its hub status in cross border trading if the tie-up happens, they said. Financial lawmaker calls on SFC to relax rules restricting Hong Kong stockbrokers ... ( read original story ...)
China fines firms for using BMW-like trademark: media
SHANGHAI: A court in Shanghai ordered two Chinese firms and the founder of one of them to pay automaker BMW 3 million yuan (US$431,617.41) for registering trademarks similar to that of the German firm, the Shanghai Daily reported on Tuesday. The ruling is ... ( read original story ...)
Shanghai set for debut of funeral planning
People in Shanghai can now plan their own funerals by signing a prepaid contract with a funeral services provider detailing arrangements for their last rites. "Many young people in China are the only child in their family, so a young couple needs to take ... ( read original story ...)
Shanghai Stocks Fall, But Global Banking Organizations Project Continued Growth in China
The Shanghai Composite Index slipped 4.9 points, or 0.16 percent to start the week, closing at 3,118.08 points on relatively light volume of 154 million shares. The Shenzhen Composite Index likewise closed lower today, sinking 0.38 percent. The spark that ... ( read original story ...)
Ramen park opens in Shanghai with seven Japanese eateries
SHANGHAI – A theme park featuring seven popular Japanese ramen restaurants opened at Joy City shopping mall in Shanghai on Monday. The restaurants, selected from such regions as Hokkaido and Fukuoka prefectures, will offer local ramen to Shanghai ... ( read original story ...)
China central bank to count off-balance sheet wealth management products in assessing banks' risk: sources
SHANGHAI China's central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products (WMPs) into its risk-assessment framework next year, sources with direct knowledge of the matter told Reuters. ( read original story ...)