SHANGHAI, June 1 (Reuters) - The Shanghai Stock Exchange said on Friday it plans to adjust the way closing prices are generated in a bid to adopt international practices and aid price stability. SSE said on its website that it plans to adopt the auction ... ( read original story ...)
The seven oddest things about China’s US$7.4 trillion stock market
... Tokyo Stock Exchange also uses auspicious red to denote stock advances. Forget about the long term, it’s a punter’s market in China. Institutional investors are largely absent from Shanghai, where individuals and day traders make up about 80 per ... ( read original story ...)
Alibaba’s Ant Financial Set to Support Shanghai Pudong Development Bank’s Digital Transformation
Chinese fintech and Alibaba-affiliated Ant Financial Service Group announced on Wednesday it has signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. to support the bank’s digital transformation with Ant Financial ... ( read original story ...)
Ant Financial to support Shanghai Pudong Development Bank’s digital transformation with financial-grade technologies
HANGZHOU, May 30, 2018 /PRNewswire/ -- Ant Financial Services Group ("Ant Financial") has signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. ("SPD Bank") to support the bank's digital transformation with Ant Financial ... ( read original story ...)
Chinese regulator assures readiness for financial markets deregulation
a senior securities regulator said at a financial forum in Shanghai. Reuters cited Fang Xinghai, vice chairman of the China Securities Regulatory Commission as saying: "Currently, global institutional investors are generally underweight Chinese assets. ( read original story ...)
Will China’s debt woes develop into a full-blown banking crisis?
And Shanghai Dasheng Agriculture Finance Technology announced on Tuesday that two of its units had defaulted on loan repayments to the Bank of Shanghai, valued at 89.9 million yuan. “It is not unusual for businesses with a high leverage ratio to find ... ( read original story ...)
That Calm Chinese Stock Market? It’s Engineered by the Government
SHANGHAI—Long derided as a casino, China’s once-volatile stock market is going through a long stretch of calm. One reason is an orchestrated government effort to keep traders and investors in line. Three years after a national uproar when Chinese ... ( read original story ...)