Tag: banking

The ANZ Bank has sold its 20% stake in Shanghai Rural Commercial Bank for $1.838 billion, about three times what it paid for it. The sale is another key move in its exit from retail banking and greater emphasis on institutional customers in Asia. ( read original story ...)

Financial details of Oscar's transfer to Shanghai SIPG from English Premier League club Chelsea have not been released, but media reports have suggested Shanghai paid 60 million euros ($62.6 million) to lure the 25-year-old to the Chinese super league club. ( read original story ...)

Retail investors in China consider the outlook for liquidity as a key factor in investment decisions, as most market turnover is driven by individual investors rather than institutions. On the Shanghai Stock Exchange, average daily trade in December was ... ( read original story ...)

* Says it plans to issue up to 16.7 million shares at 23.26 yuan a share to raise 388.4 million yuan ($55.86 million) in its Shanghai IPO Source text in Chinese: bit.ly/2hxAcvg ($1 = 6.9535 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Next In ... ( read original story ...)

SHANGHAI, Dec 30 China's primary money rates rose this week and were largely higher this year, driven by the central bank's tight liquidity stance in the second half aimed at curbing bubbles and reducing leverage in the banking system. The volume-weighted ... ( read original story ...)

Resident Alywin Chew devised a three-day itinerary to take in the best it has to offer Shanghai is the engine of China's financial and innovation development. The mega city offers a captivating blend of modernity and old-world charm like no other place in ... ( read original story ...)

SHANGHAI, Dec. 30, 2016 /PRNewswire/ -- Ossen Innovation Co ... today announced that its Chief Financial Officer ("CFO"), Mr. Feng Peng, has resigned from the Company, effective December 31, 2016, to pursue other opportunities. Mr. Peng's resignation ... ( read original story ...)