Xiao Chen*, who works in a private equity firm in China’s financial hub, Shanghai, says he is having a rough year. For his first year in the job, he says he was paid almost 750,000 yuan ($106,200; £81 ... ( read original story ...)
Guidebook provides Shanghai opportunities for asset managers
Incorporating the latest policies and investment guidelines, the Shanghai Guidebook for Overseas Asset Manager (2024) was released on Wednesday at the 2024 Shanghai Global Asset Management Forum, ... ( read original story ...)
China central bank kicks off 500 billion yuan swap facility to aid stock market
China's central bank said on Thursday it would start accepting applications from financial institutions to join a newly created funding scheme, initially worth 500 billion yuan ($70.62 billion), to ... ( read original story ...)
Asian markets track Wall St record as Hong Kong, Shanghai stabilise
Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers. The gains led a rally across ... ( read original story ...)
China on the brink as banking expert sounds crisis warning before Rachel Reeves’ Budget
Rachel Reeves is banking on a rosy outlook for the global economy which is far from guaranteed, according to Bob Lyddon. ( read original story ...)
Stock market today: Wall Street sets more records after Shanghai’s worst drop since early COVID
U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The S&P 500 rose 0.7% to top the all-time high it had set last week. The Dow ... ( read original story ...)
Shanghai Stocks Suffer Worst Drop Since Early COVID but Wall St. Holds Firm
As China's stock market dives, Wall Street has remained steady. What's keeping U.S. markets afloat amid global uncertainty? ( read original story ...)