Both futures contracts are commonly used by financial traders. "Prices assessed at the Shanghai exchange will reflect China's crude supply and demand," said Sushant Gupta, research director at energy consultancy Wood Mackenzie. Despite the first-day ... ( read original story ...)
Shanghai pledges to slash red tape on business creation
The Shanghai authorities say they are cutting business red tape, including slashing the time needed to launch a new company, in an attempt to give the eastern commercial powerhouse an edge in wooing more international trade and investment. Officials told a ... ( read original story ...)
China launches yuan crude oil futures today to mark further financial opening up
which also made Shanghai a stronger financial center. The contract is traded on the Shanghai International Energy Exchange, a unit of the Shanghai Futures Exchange, and allows Chinese buyers to lock in oil prices and pay in yuan. The launch of the yuan ... ( read original story ...)
Asiamoney China retail banking awards 2018
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 ...)