One day after Hong Kong’s stock exchange scored its first pre-revenue IPO application, Shanghai Stock Exchange got its own time in the limelight as global CRO WuXi AppTec hauled in $354 million (RMB2.3 billion) by going public in Shanghai. While the ... ( read original story ...)
Shanghai needs a more resilient market to challenge London
China has big dreams for Shanghai’s financial sector. Last autumn’s Communist party Congress set the theme of “reform and opening-up” as a key strategic target over the coming decade. Chinese president Xi Jinping recently confirmed the government ... ( read original story ...)
China Steps Up Crackdown, Imposes More Fines on Financial Firms
China’s financial regulator stepped up its crackdown on industry ... imposed the latest penalties on China Merchants Bank Co., Industrial Bank Co. and Shanghai Pudong Development Co. for more than a dozen violations at each entity, the regulator ... ( read original story ...)
Corner the market: Shanghai’s streetside stock pundits
For a quarter-century, the corner of Guangdong and Beihai roads in the heart of the huge Chinese city has been a hub of the rumours, speculation, and occasionally solid information upon which many of China's millions of market-moving small investors trade. ( read original story ...)
Shanghai-London stock connect to come this year
The Shanghai-London stock connect will be launched within this year with Shanghai aiming to be the first to open the financial industry to foreign companies and institutions. The city is discussing with the state's financial regulators to become a "pioneer ... ( read original story ...)
China to launch Shanghai financial court by end-August
China's top legislature has approved the establishment of a specialized court in Shanghai to deal with finance-related cases. The decision was adopted at the bimonthly session of the Standing Committee of the National People's Congress (NPC), which ended ... ( read original story ...)
Authorities to work toward building the ‘Shanghai Service’ brand
“As the country’s financial center, the core competitiveness is its service industry,” said Ma Chunlei, secretary-general of the municipal government and deputy director of the Shanghai Municipal Development and Reform Commission. “About 70 percent ... ( read original story ...)