The People's Bank of China said it would cut the foreign exchange reserve requirement ratio (RRR) to 6% from 8% beginning Sept. 15, according to an online statement. The PBOC said the reduction aimed ... ( read original story ...)
China’s financial hub dream for Shanghai 2020 still distant
SHANGHAI--China's commercial capital of Shanghai is still far from its goal of becoming a global financial hub by 2020 due to hurdles such as capital controls and a lack of consistent rules ... ( read original story ...)
China’s property crisis sinks all as Vanke services arm faces investors in Hong Kong’s moribund IPO market
New stock offerings have been a failure for investors who took part in deals involving Chinese property management services firms this year. Many such IPOs since 2019 have tanked. China Vanke will ... ( read original story ...)
Shanghai police scam targeting Asian community in Mississauga, Brampton and Ontario
Peel police are warning the community about a scam that targets the Chinese community. In this scam, the caller claims to be from the Shanghai police or Beijing police. The automated call threatens ... ( read original story ...)
China broadens foreign access to financial, commodity derivatives market
China opened its financial and commodity markets further to foreign investors on Friday, allowing qualified overseas institutions to trade broadly domestic futures and options instruments.The move is ... ( read original story ...)
Intchains Group Sets IPO at 3.68 Million ADSs Priced at $7-$9 Each
By Colin Kellaher Intchains Group Ltd. on Friday said it plans to sell nearly 3.58 million American depositary shares at between $7 and $9 apiece in ... ( read original story ...)
China Stock Market Due For Support On Friday
The China stock market has finished lower in three straight sessions, dropping almost 60 points or 1.9 percent along the way. The Shanghai Composite Index new sits just above the 3,180-point plateau ... ( read original story ...)