“To win the battle against financial risks is a priority of the country’s current ... Additional reporting by John Ruwitch in Shanghai; Editing by Alison Williams and Sam Holmes Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
Anbang’s former chairman Wu Xiaohui contests all charges against him: Shanghai court
came after the government trained its sights on acquisitive non-state firms amid a sweeping programme to lower debt and financial risk in the economy. Anbang declined to comment on the start of the trial at the Shanghai No. 1 Intermediate People's Court. ( read original story ...)
Former Anbang Insurance Group chairman put on trial in Shanghai
According to a statement released by the Shanghai No.1 Intermediate People's Court on Wednesday ... The statement declares that Wu submitted false financial reports and other inaccurate material concerning his investment insurance products to the regulator ... ( read original story ...)
New Shanghai Ocean Park hoping to glean some of Disney’s magic and net 5 million visitors a year
Haichang Ocean Park Holdings, the mainland’s largest marine theme park operator, is targeting annual attendance of five million visitors at its soon-to-open venue in Shanghai, buoyed by the rising affluence of people living in the Yangtze River Delta region. ( read original story ...)
2018 Shanghai Smart Retailing High-end Summit Gathers Industry Leaders for Insights and Innovations
SHANGHAI, March 28, 2018 /PRNewswire/ -- To be held on April 26-27 at the Shanghai New International Expo Center and hosted by UBM Sinoexpo, the summit's theme is "Smart Retail, Leading a Smart New Life," and will gather experts and leaders to discuss the ... ( read original story ...)
China fast tracks IPO by leading biotech firm WuXi AppTec, in race as Asia’s hub for fundraising
WuXi AppTec, the mainland’s leading biotechnology firm which privatised in New York two years ago, has been given the green light to relist on the A-share market via an initial public offering (IPO) in Shanghai, just seven weeks after filing its application. ( read original story ...)
Chinese banking majors deliver improved 2017 earnings
a senior researcher at Bank of Communications in Shanghai. She said the three majors are now benefiting from stronger deposit bases and lower savings costs, allowing them to ramp up lending yields, noting that the improving profit levels have also helped ... ( read original story ...)