Tag: banking

China’s central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 16 per cent. The price of bitcoin touched a ... ( read original story ...)

The blue-chip CSI300 index fell 0.7 percent to 3,334.50 points, while the Shanghai Composite Index lost 0.8 percent to 3,136.75. Analysts said faster approvals of initial public offerings (IPO) and increasing issuance of additional shares by listed ... ( read original story ...)

Consumer sentiment is also rising along with the muted rise of the Shanghai index which shows no sign of a bubble. Some analysts are still concerned about the debt overhang so investors could be interested in ETFs which spread risk and exclude banking and ... ( read original story ...)

The Shanghai Composite Index fell 12 percent last year. “The increased supply of new shares in 2017 will suppress the post-IPO price surge,” Lin Jin, a Shanghai-based analyst at Shenwan Hongyuan Group Co., said by phone. China International Capital ... ( read original story ...)

SAN FRANCISCO, Jan 9 The online classified advertising site Backpage.com abruptly shut its "adult" section on Monday, yielding to a campaign by some state and federal government officials to close a service they contend promotes prostitution and human ... ( read original story ...)

The Shanghai Prepaid Card Association is warning consumers about buying prepaid cards from certain merchants because of “malpractice in managing their prepaid card schemes”, reports Paybefore. According to an announcement on Shanghai’s municipal ... ( read original story ...)

* Says online part of Shanghai IPO attracted interest amounting to 4,301.04 times amount on offer Source text in Chinese: bit.ly/2jiGnkP (Reporting by Hong Kong newsroom) Next In Chinese Labor Unrest ( read original story ...)