Twelve kilometres south of Shanghai’s financial hub of Lujiazui, workers are putting the finishing touches to a glitzy-looking office tower designed to resemble a crystal which dominates the skyline. The futuristic-looking edifice designed by American ... ( read original story ...)
That calm Chinese stock market? It’s engineered by the state
The Shenzhen Stock Exchange and China's securities regulator, the China Securities Regulatory Commission, didn't respond to requests for comment. China's other main equities market, the Shanghai Stock Exchange, declined to comment. Interventions appear to ... ( read original story ...)
China’s moves to cap first-day IPO gains prove to be a winning ticket for issuers and investors
For A-share IPOs, the measures introduced by the Shanghai and Shenzhen stock exchanges in June 2015 to cap the first-day gains at 44 per cent to tame speculative price swings, have turned out to be a “sure win” for issuers and investors. All 432 ... ( read original story ...)
Shanghai stock exchange adjust pricing mechanism for market close
SHANGHAI, June 1 (Reuters) - The Shanghai Stock Exchange said on Friday it plans to adjust the way closing prices are generated in a bid to adopt international practices and aid price stability. SSE said on its website that it plans to adopt the auction ... ( read original story ...)
The seven oddest things about China’s US$7.4 trillion stock market
... Tokyo Stock Exchange also uses auspicious red to denote stock advances. Forget about the long term, it’s a punter’s market in China. Institutional investors are largely absent from Shanghai, where individuals and day traders make up about 80 per ... ( read original story ...)
Alibaba’s Ant Financial Set to Support Shanghai Pudong Development Bank’s Digital Transformation
Chinese fintech and Alibaba-affiliated Ant Financial Service Group announced on Wednesday it has signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. to support the bank’s digital transformation with Ant Financial ... ( read original story ...)
Ant Financial to support Shanghai Pudong Development Bank’s digital transformation with financial-grade technologies
HANGZHOU, May 30, 2018 /PRNewswire/ -- Ant Financial Services Group ("Ant Financial") has signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. ("SPD Bank") to support the bank's digital transformation with Ant Financial ... ( read original story ...)