Plans are well advanced for Paris’s Centre Pompidou to set up a branch in Shanghai’s West Bund cultural district, The Art Newspaper understands. According to a number of sources, the project is being driven by the district government of Xuhui and the ... ( read original story ...)
Op-Ed: Shanghai index consolidation uptrend stronger than expected
The Shanghai Index consolidation retest of the uptrend was stronger than expected. However the dip to the low of 3193 followed by a close at the high of 3237 is typical of a market re-correction. Investors saw this pattern on 2017, January 16 with a dip to ... ( read original story ...)
Shanghai SIPG Takes Third Win in Asian Championships Thanks to Hulk
Chinese team Shanghai SIPG inched closer to the knockout phase of the Asian Championship after taking down Japanese club Urawa Red Diamonds 3-2 on Thursday, thanks to Hulk. Brazilian striker Hulk led the Red Eagles to victory after scoring the tie-braking ... ( read original story ...)
China regulates fund outsourcing business in fresh move to curb shadow banking: Sec Times
SHANGHAI China's securities regulator has introduced new restrictions for financial institutions seeking to outsource fund management to external fund managers, the official Securities Times reported on Monday, as the government tightens shadow banking. ( read original story ...)
PREVIEW-Profits seen under pressure for China's banks as costs surge
HONG KONG/SHANGHAI, March 20 (Reuters ... analysts said. At Agricultural Bank of China, margins likely fell to 2.27 percent in 2016, the lowest since at least 2008 and down from 2.66 percent a year ago, Thomson Reuters data shows. Among China's top ... ( read original story ...)
Banking constraints cutting off funding for premium apartment developments
Shanghai Shenshun Investment Co of Shanghai owns 40 per cent of Shundi shares. Projects that rely on local bank financing like the Avalon Flo apartments and St James apartments have been scrapped or halted due to a tightening of bank financing and rising ... ( read original story ...)
Industry Super releases the hounds on 'foxy' banks in new ad
"The concern for us is that what this will lead to is an increase in mis-selling super products and banks seeking to bundle up their super products with an employer's business banking requirements." When asked if he was worried that the change of approach ... ( read original story ...)