SHANGHAI, April 20 (Reuters) - China's primary money rates ended the week higher despite net liquidity injections and a surprise cut in banks' reserve requirements by the country's central bank, as demand for cash remained strong. The volume-weighted ... ( read original story ...)
China’s stocks stage comeback after central bank unleashes funds by lowering reserve requirements
The gains were broad-based, with every five stocks rising for each two that fell on the Shanghai Composite. Bank of Chengdu led the gain among commercial lenders, with the stocks rallying 3.5 per cent to 10.99 yuan. Industrial and Commercial Bank of China ... ( read original story ...)
China Construction Bank puts robots in charge of branch
China Construction Bank has opened a Shanghai branch staffed by robots and packed with facial recognition, artificial intelligence and virtual reality technology. According to the South China Morning Post, the first time customers visit the branch they ... ( read original story ...)
Tesla may be closer to a Shanghai factory in light of Chinese policy change
The Chinese government’s announcement that it will be easing regulations on foreign auto-makers may be good news for Tesla Inc ... to establish and fully own a manufacturing facility in Shanghai, exempting the company from the 25% import tax. ( read original story ...)
Shanghai Breaks Record for Bizjet Activity
Shanghai is China’s fastest-growing center for business aviation activity, with combined movements at its Hongqiao and Pudong airports setting a record of more than 6,500 in 2017, up 8.3% from the year before. The trend is continuing, with traffic ... ( read original story ...)
Amid market decline, foreign investors chase China stocks and mainland traders sell Hong Kong shares
The Shanghai Composite Index is down by 12 per cent from ... climbed by 36 per cent in 2017 as mainland traders ploughed funds through the stock connect schemes amid the market’s lower valuation. Most of the selling by mainland investors seems to be ... ( read original story ...)
Global debt now worse than before financial crisis, says IMF
Share on Facebook Share on Twitter Share via Email View more sharing options Share on LinkedIn Share on Pinterest Share on Google+ Share on WhatsApp Share on Messenger Close The financial district of Shanghai. China is responsible for much of the increase ... ( read original story ...)