But the banks have been hesitant because of the enormous costs and high risks involved. Shanghai Pudong Development Bank, a Shanghai-headquartered commercial bank that operates across the country under Pan Yaodong, finally came up with an innovative ... ( read original story ...)
China stocks mixed at close of trade; Shanghai Composite down 0.60%
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 953 to 387 and 30 ended unchanged. Shares in Ningbo Huaxiang Electronic Co Ltd (SZ:002048) fell to 52-week lows; losing 6.33% or 1.08 to 15.99. The CBOE China Etf Volatility ... ( read original story ...)
China Is About to Shake Up the Oil Futures Market
Overseas oil producers and traders would need to swallow not just China’s penchant for occasional market interventions ... s giant stock and bond markets. As of March 21, a total of 19 overseas brokers have registered with the Shanghai exchange for ... ( read original story ...)
Stock Market Complacency Reigns Supreme
The Big Boy- Shanghai. This could be the major pin for an unraveling ... Island Reversal with a failed declining RSI. General Stock Market conclusion: If these charts do not scare the bejesus out of you then I am sorry I can’t get through to you. ( read original story ...)
Hong Kong ranked third globally in IPOs in Q1, as funds raised fell 26pc
In 2017, the city slid to the No 3 spot globally for IPOs, overtaken by New York and Shanghai. Last Friday marked the deadline for a market consultation on the proposed rule changes to allow large tech companies with dual-class shares structure and ... ( read original story ...)
BAP to pursue digitization of banking processes
... Corp. CEO Antonio Moncupa Jr. Deutsche Bank AG managing director Enrico Cruz was elected secretary, while Hongkong and Shanghai Banking Corp. Ltd. president and CEO Jose Arnulfo Veloso was elected as treasurer. —Jon Viktor Cabuenas/VDS, GMA News ( read original story ...)
China intervenes in stock markets after US tariffs trigger a rout
SHANGHAI: China intervened to support its stock market on Friday, people familiar with the matter said, after fears of a trade war with the US sparked the steepest intraday selloff in six weeks. State-backed funds bought largecap stocks including China ... ( read original story ...)