U.S. investors can take a breather and enjoy the spring weather on Memorial Day. The US market will be closed on Monday, May 27, for Memorial Day, giving investors an extended weekend. Memorial Day is ... ( read original story ...)
Shanghai’s Changfeng Xincun: A hub of growth, global exchange
Changfeng Xincun subdistrict in Shanghai's Putuo district is emerging as a bustling hub of economic prosperity, age-friendly inclusivity, and international connectivity, showcasing a vibrant vision ... ( read original story ...)
China pushes for more bank mergers to make financial sector shockproof
A system with more big banks and brokerages would help “shape China’s financial policies in the long period of economic transitions that lies ahead . . . and can help de-risking the system in the ... ( read original story ...)
Sinovel Wind’s Shanghai IPO to Raise Up to $1.4 Billion
in an initial public offering ahead of a Shanghai listing, bucking the trend of Hong Kong listings by China's wind power firms. The planned offering is set to be the biggest mainland IPO by a ... ( read original story ...)
China lowers deposit rate ceiling to protect banks’ interest margins, sources say
China has lowered the ceiling of deposit rates, three banking sources with direct knowledge of the guidance said on Friday, as authorities seek to protect banks' profit margins and discourage savings. ( read original story ...)
Shanghai Commercial Bank Advances Governance, Risk, and Compliance Capabilities with Wolters Kluwer
HONG KONG, May 20, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance today announces that Shanghai Commercial Bank (SCB) has implemented a comprehensive regulatory reporting ... ( read original story ...)
Throwing Money at LLMs Doesn’t Guarantee Success, Chinese Banks Learn
Zhao Liming, director of the Digital Finance Center at Kunming-based Fudian Bank, echoed this view. He suggested that small- and mid-sized banks leverage local data and internal resources to fine-tune ... ( read original story ...)