In the final months of 1948 through to the spring of 1949, Shanghai was in total chaos. The civil war between the Nationalist government and the insurgent communists had entered its endgame. By late 1... ( read original story ...)
Ant Financial agrees to buy UK-based currency exchange WorldFirst
SHANGHAI (Reuters) - Ant Financial has agreed to acquire UK-based currency exchange WorldFirst, a spokeswoman of the Chinese consumer finance giant said on Thursday, marking a successful western ... ( read original story ...)
How China’s JPMorgan Wannabe Became a $34 Billion Debt Risk
Calls to Dong, who retired as CMIG chairman last year, went unanswered. The People’s Bank of China and the Shanghai government didn’t immediately respond to faxed requests for comment. Investors are w... ( read original story ...)
Shanghai a hot spot for innovation
More than one word is required to properly capture Shanghai's multiple facets - financial center, seaport, industrial cluster, commercial hub. But one thing is certain: The city's modern charm and exp... ( read original story ...)
The stock market just cleared a key hurdle: ‘It should open the door to 2,800 now’
One of those was the reversal by the Shanghai stock market, which led the sell off in global markets. "All the stuff that rolled over at the beginning of 2018, one by one, are showing evidence of bott... ( read original story ...)
Financial products keeping step with surging demand
a 34-year-old public relations director in Shanghai. Xu's salary means he can afford daily necessities and luxury goods, but he still opts to borrow. Ant Financial said one-third of its users are betw... ( read original story ...)
MSCI adds Shanghai Commercial Bank to global standard indexes
Taipei, Feb. 12 (CNA) Global index provider MSCI Inc. has added Taiwan-based Shanghai Commercial & Savings Bank to its MSCI Global Standard Indexes after a quarterly index review. MSCI announced ... ( read original story ...)