China's national flag is reflected on an advertisement of a commercial bank bearing the sign of Chinese Yuan at a branch of a commercial bank at a business district in Beijing, China, Janu ... ( read original story ...)
Ever seen a building ‘walk’? Shanghai residents were in for a treat. Watch
Authorities used a unique technology to transport a 3,800-tonne building in Shanghai in one piece. The technology is dubbed the ‘walking machine’. ( read original story ...)
Shanghai’s Financial Institutions Helped Clients Raise USD3.7 Billion By Equity Financing in Q2
Shanghai’s financial institutions have assisted companies to raise CNY24.6 billion (USD3.7 billion) via equity financing, including initial public offerings and refinancing, in the second quarter amid ... ( read original story ...)
China sets capital requirements for financial asset investment firms
China on Friday tightened rules on companies that conduct debt-to-equity businesses for banks, setting capital adequacy requirements for so-called financial asset investment firms. Such companies ... ( read original story ...)
China’s central bank tightens cash supply, hinting exit from crisis mode
China's central bank made its biggest cash withdrawal from the financial system in three months this week, raising market suspicion that policymakers are gradually exiting crisis-mode monetary easing ... ( read original story ...)
China central bank issues draft rules on assessment of systemically important insurers
China's central bank on Friday issued draft rules on the assessment of systemically important insurers.The rules are aimed at improving China's macro prudential policies and safeguarding financial ... ( read original story ...)
What a tycoon’s trial says about the rot in China’s financial system
So far they have heard nothing, not even as his trial kicked off in a Shanghai courtroom on July 4th. All details of the charges he faces have been kept secret. The only official recognition of the ... ( read original story ...)