The Securities Times, owned by the People’s Daily, pushed back against a report by Goldman Sachs that prompted a sell-off of some of the nation’s major state-backed banks. ( read original story ...)
Interview: New Development Bank to deepen local currency, climate financing, says VP
Since its establishment eight years ago, the Shanghai-based New Development Bank (NDB) has gone through "an incredible journey" and will continue to deepen local currency and climate financing, said ... ( read original story ...)
Savers in China trek hundreds of miles for higher bank deposit rates
Dan Chenmade a 270 km return train trip from Shenzhen to neighbouring Guangzhou to deposit one million yuan (S$186,700). Read more at straitstimes.com. ( read original story ...)
China Stock Market May Extend Thursday’s Losses
The China stock market has moved lower in two straight sessions, declining almost 40 points or 1.3 percent along the way. The ... ( read original story ...)
1,320MW Shanghai Thar Coal Block-1: Financial closure in peril as ICBC decides to withdraw $300m financing
ISLAMABAD: The financial closure of 1,320 MW Shanghai Thar Coal Block-1 is reportedly in trouble as Industrial ... ( read original story ...)
Stock Market Today: Indexes Open Lower as Global Markets Fall
Live coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite ( read original story ...)
Shanghai and Chubb discuss partnership in developing global financial center
Shanghai Mayor Gong Zheng met with Evan Greenberg, vice chairman of the Board of Directors of the National Committee on US-China Relations and chairman and CEO of American Chubb Group, on Wednesday. ( read original story ...)