who stepped down as a Bank of Taizhou vice president in 2014 after almost a decade with the bank and now serves as a Shanghai-based adviser to the company. “What we added was a systematic approach to measure repayment capacity.” Big banks are ... ( read original story ...)
ICBC launches robo-adviser service for wealth-management products
ICBC is the nation’s largest bank by assets, but small- and mid-sized mainland banks including China Merchants Bank, Shanghai Pudong Development Bank, Industrial Bank and Ping An Bank, have already tested the waters in using such robos in a bid to woo ... ( read original story ...)
China’s Stock Market Is Flashing Some Major Warning Signals
"The risk appetite is dropping," said Dai Ming, a fund manager at Hengsheng Asset Management in Shanghai. "Tight liquidity and ugly ... will remain in place has taken its toll on the debt market, sending the yield on the nation's 10-year treasuries above ... ( read original story ...)
More Chinese companies go public in global IPO surge
A total of 377 Chinese companies debuted on the Shanghai and Shenzhen stock exchanges so far this ... The result echoes the earlier report by Xinmin Evening News that the number of IPO would be 352 as of the middle of October, a new high compared to ... ( read original story ...)
Shanghai Pharma buys U.S. Cardinal Health’s China business for $557 mln
The deal will also help Shanghai Pharma, China's third largest drug distributor, become a leading importer of foreign medicine into the world's second-largest drug market. By comparison, Shanghai Pharma, which is backed by the Shanghai government ... ( read original story ...)
China gov’t bond yields at 3-year high amid market ‘misery’
SHANGHAI, Nov 14 (Reuters ... Concerns over slowing growth and rising yields on government debt spread to the country's stock market, with China's blue-chip index falling 0.7 percent by Tuesday afternoon. Analysts say that in the near term, the bond ... ( read original story ...)
Phishing e-mail related to The Hongkong and Shanghai Banking Corporation Limited
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited on phishing e-mail ... ( read original story ...)