Evening is the best time to visit the Bund, the famous waterfront promenade by the Huangpu River. As the sun makes its way down in the sky, casting a golden glow on the skyscrapers, the full glory of Shanghai's skyline comes into view. When the sky is a ... ( read original story ...)
China central bank learns lessons as deflates money market risk
SHANGHAI Three years ago, China's central bank engineered a cash crunch to force commercial banks to reduce their reliance on short-term money markets. Interest rates spiked, spooking global markets who feared a banking crisis was imminent. Once again ... ( read original story ...)
Shanghai banks told to limit loans to property developers – report
Banks were also asked to reject mortgage applications of people who had divorced within three months, it quoted an internal filing from a Shanghai-based rural commercial bank as saying. A property price rally has prompted a home buying frenzy in parts of ... ( read original story ...)
Bank of Shanghai Set to Raise $1.6 Billion in A-Share’s Largest IPO This Year
SHANGHAI—Bank of Shanghai plans to raise as much as 10.7 billion yuan ($1.6 billion) in an initial public offering, joining a swath of local lenders to tap into the equity market for expansion in what is expected to be the largest IPO in China this year. ( read original story ...)
Bank of Shanghai IPO set to be big
The initial public offering of Bank of Shanghai Co Ltd is expected to become the largest one this year in China's A-share market, raising 10.7 billion yuan ($1.6 billion). The city commercial bank will issue no more than 600.5 million shares and sell ... ( read original story ...)
Bank’s IPO may rank as biggest for 2016
Bank of Shanghai plans to raise 10.7 billion yuan ($1.6 billion) in its initial public offering which may possibly be the biggest IPO float this year in Shanghai's stock market, the lender said yesterday. The state-owned bank will price its IPO shares at ... ( read original story ...)
China proposes SCO development bank
He also called for the establishment of an SCO development bank, which would provide funding for regional ... The SCO, an inter-governmental organisation founded in Shanghai in 2001, groups China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan ... ( read original story ...)