But the banks have been hesitant because of the enormous costs and high risks involved. Shanghai Pudong Development Bank, a Shanghai-headquartered commercial bank that operates across the country under Pan Yaodong, finally came up with an innovative ... ( read original story ...)
Shanghai U-turn after outcry over revoking residency rights
A finance industry executive who lives in Shanghai with a city hukou, but also has a US green card entitling her to live and work in America, welcomed the authorities’ new stance. “I don’t think revoking our hukou was legally correct in the first place. ( read original story ...)
Shanghai shelves plan to revoke ‘hukou’ of foreign residency holders
SHANGHAI (Reuters) - Shanghai has put on hold a new policy allowing police to revoke the "hukou", or household registration, of the city's citizens who hold foreign passports or residency permits, following public outcry. Shanghai residents who hold ... ( read original story ...)
Shanghai Crude Oil Futures Roar Into Action As Glencore Bags 1st Trade
Shanghai crude oil futures launch with mom-and-pop and institutional investors fuelling much higher turnover than many expected for China's new commodity benchmark. BEIJING, March 26 (Reuters) - Shanghai crude oil futures launched on Monday with mom-and ... ( read original story ...)
Shanghai: Driverless subway trains trials starts
A new metro line with driverless trains is expected to be tested by the end of March in Shanghai, the Shanghai Shentong Metro Group announced on Friday. Stretching 6.7 kilometers, the APM line, or Automated People Mover system, links Huizhen Road and ... ( read original story ...)
China stocks mixed at close of trade; Shanghai Composite down 0.60%
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 953 to 387 and 30 ended unchanged. Shares in Ningbo Huaxiang Electronic Co Ltd (SZ:002048) fell to 52-week lows; losing 6.33% or 1.08 to 15.99. The CBOE China Etf Volatility ... ( read original story ...)
China Is About to Shake Up the Oil Futures Market
Overseas oil producers and traders would need to swallow not just China’s penchant for occasional market interventions ... s giant stock and bond markets. As of March 21, a total of 19 overseas brokers have registered with the Shanghai exchange for ... ( read original story ...)