Behind this success is the nation’s leading stock exchange, the Shanghai Stock Exchange (SSE). With over 1,000 companies listed on it and a market capitalization of $3.50 trillion as of February, the SSE is the second largest stock exchange in Asia and ... ( read original story ...)
China clamping down on vast shadow banking sector
If tighter regulations squeezes banks' fund flows, "there could be some localized moves to dump sovereign debt," said a trader at a Shanghai bank. Given this potential for turbulence, some doubt that the new regulations will be enforced. In 2013 ... ( read original story ...)
Shanghai Stocks Falling Out of Favor As Central Bank Tightening Hard On Track
The Shanghai Composite Index had its worst day of the year Thursday, down 2.3%. After beginning a well-defined price uptrend that started in May 2017, Wednesday’s move could trigger sensitive momentum algorithms to exit long positions, particularly those ... ( read original story ...)
Chengdu aspires to be the financial hub in west China
[Photo by Zhang Lulu/China.org.cn] The financial technology startup BankLink had a choice among Beijing, Shanghai and Chengdu to locate. Despite Beijing and Shanghai being the favorites for many Chinese entrepreneurs, the fintech company eventually ... ( read original story ...)
Shanghai skyline Lego set revealed by flagship store
The five buildings featured in the 597-piece set (#21039) are the Longhua Temple, The Bund waterfront area, the Oriental Pearl TV Tower, the Shanghai World Financial Center and the Shanghai Center Building. The Lego Architecture Shanghai skyline was ... ( read original story ...)
Tech firms are finding Hong Kong as an IPO destination, but is it too late for the city to catch up?
With a month to go before the year’s end and with no blockbuster sales in the pipeline, Hong Kong looks unlikely to match last year’s HK$195 billion raised, or catch up with Shanghai or the New York Stock Exchange on the top of the global IPO rankings. ( read original story ...)
China bourse slams ‘misleading’ liquor research by stock broker
The unusual callout by the government-controlled bourse highlights regulators’ worry over asset bubbles following the stock market’s disastrous boom ... closing level of Rmb688 the previous day, the Shanghai Stock Exchange said in a letter to Essence. ( read original story ...)