China Merchants Bank and Shanghai Pudong Development Bank worked with a Hong Kong front company accused of laundering more than $100 million for North Korea’s sanctioned, state-run Foreign Trade Bank. ... ( read original story ...)
Bank raises HK dollar time deposit rates
The Hongkong and Shanghai Banking Corporation announced it will raise the Hong Kong dollar time deposit interest rates and lower the long-term US dollar time deposit interest rates in light of changes ... ( read original story ...)
New star rises in Shanghai
Shanghai announced the setting up of a high-tech company incubator to provide more policy and financial support to early-stage startups that could list on the new STAR Market in the near term. (Photo ... ( read original story ...)
First tech company gets green light to price its IPO before trading debut of Shanghai’s new STAR Market, as analysts predict buying frenzy
The Shanghai Stock Exchange has given the green light for the first company to start book building ahead of its listing on the eagerly-awaited technology innovation board. It is likely to trigger a ... ( read original story ...)
China Online Pharmacy Ecmoho Plans $100 Million U.S. IPO
The Shanghai-based company is working with advisers on the planned ... in May postponed the launch of its U.S. IPO following market jitters. Hutchison China MediTech Ltd. delayed a Hong Kong listing, ... ( read original story ...)
Shanghai HiCore Tech announced partnership with MIT on anti-fraud AI lab
SHANGHAI, June 19, 2019 /PRNewswire/ -- Shanghai ... lab in an attempt to keep track of fraudulent financial deals. The agreement, recently signed by the two sides, signals a major breakthrough ... ( read original story ...)
UK to launch ‘groundbreaking’ China stock market link
"London is a global financial centre like no other, and today's launch is a strong vote of confidence in the UK market." The London-Shanghai Stock Connect project has taken four years to develop. It ... ( read original story ...)