Tag: finance

HONG KONG/SHANGHAI (Reuters) - China’s central bank will relax its informal guidance for the upper limit of commercial banks’ deposit rates, facilitating the market liberalization of interest rates, three sources with knowledge of the matter told ... ( read original story ...)

China Construction Bank (CCB), the nation’s second largest lender by assets, opened one in Shanghai this week, run by pure technology including facial recognition (FR), artificial intelligent (AI) and virtual reality (VR). Hyped as a first for the ... ( read original story ...)

Yi Gang, governor of the People's Bank of China, confirmed the timetable for the London-Shanghai Stock Connect in a speech on Wednesday. The project is modeled on mechanisms that already link Hong Kong's market to exchanges in Shanghai and Shenzhen. ( read original story ...)

Stocks in Shanghai rose as concern over the U.S.-China trade dispute eased. Hong Kong Exchanges & Clearing Ltd., operator of the city’s bourse, gained as much as 3.7 percent. “China is set to accelerate efforts to open up its financial sector ... ( read original story ...)

China’s second largest lender has opened a branch staffed by two robots and no humans after cutting nearly 10,000 workers last year. China Construction Bank (CCB) claims its new branch on Shanghai’s Jiujiang Road is the country’s first fully ... ( read original story ...)

BOAO, China—China’s central bank governor pledged to expand foreign access to the country’s banking, securities and insurance sectors this year and open a trading link between the Shanghai and London stock exchanges ... up to market-opening promises ... ( read original story ...)

SHANGHAI—China has pledged to launch a stock trading link between Shanghai and London by the end of this year, taking a fresh step towards opening up its financial markets and providing the U.K. with a vote of confidence ahead of Brexit. The plan ... ( read original story ...)