Tag: banking

SHANGHAI Bank of China, one of the country's "Big Four" state banks, has begun to sharply limit corporate customers' ability to purchase foreign currency in Shanghai, in what sources said on Friday was a bid to help stem capital outflows and ease ... ( read original story ...)

The Shenzhen stock market trades at a price to earnings multiple of 35 times while the Hang Seng small cap index trades at a third of that. Daily flows under the existing Shanghai - Hong Kong stock connect scheme has diverged in recent weeks with the Hong ... ( read original story ...)

that link the Hong Kong stock market with their equivalents in Shanghai and Shenzhen, according to Hong Kong Exchanges and Clearing (HKEX), or stockbrokers, according to officials. With just days before the launch of the Shenzhen-Hong Kong Stock Connect on ... ( read original story ...)

The Shanghai Composite rose 0.5% ... The Hang Seng is up 3.7% over the past year, and Hong Kong’s stock market has seen limited volatility over the last two years despite mainland China’s 2015 stock bubble and crash. (See also: The Origins of the ... ( read original story ...)

"Major state-owned banks are still in the market today offering dollar liquidity to push the yuan higher," said a trader at a foreign bank in Shanghai. "Some traders have become very cautious and have started to change their positions," the trader said ... ( read original story ...)

Following China’s introduction of its first tax free refund service for overseas tourists to reclaim 9% on all purchases in Shanghai, the Bank of China (BOC) has announced a new partnership with Global Blue to help manage the process. At the same time ... ( read original story ...)

Shanghai, China's financial hub, has raised the minimum required downpayment and tightened eligibility criteria for buyers of first homes, state media reported on Tuesday. On Monday, Tianjin also announced stricter tightening measures to rein in a soaring ... ( read original story ...)