Tag: finance

ANZ today announced it has completed the sale of its 20% stake in Shanghai Rural Commercial Bank (SRCB), originally announced in January 2017. As part of the Group's broader capital management plan, ANZ now intends to buy-back up to $1.5 billion of shares ... ( read original story ...)

rather than letting most of the savings stay in the property market," said Fang. "If we can achieve this, China’s economy will move up to a new level." Talks on the Shanghai-London stock connect scheme, which would allow investors on one bourse to invest ... ( read original story ...)

BEIJING (Reuters) - British finance minister Philip Hammond said that China and the United Kingdom have agreed to accelerate preparations for a London-Shanghai stock connect program. Hammond was speaking at a press conference in Beijing. In September ... ( read original story ...)

SHANGHAI, Dec 15 (Reuters) - China's banking regulator has tightened rules for consumer finance firms, which have grown making small-scale loans to individuals and small companies, the business daily Securities Times newspaper said on Friday. The move is ... ( read original story ...)

SHANGHAI, Dec 14 (Reuters) - China's central bank raised money market interest rates on Thursday hours after the Federal Reserve increased U.S. rates. The People's Bank of China has moved to a slight tightening bias this year following six benchmark ... ( read original story ...)

Shanghai: China’s central bank raised interest rates on its standing lending facility (SLF) short-term loans by 5 basis points on Thursday, sources with direct knowledge of the matter said. The increase came after the People’s Bank of China raised ... ( read original story ...)

The price-to-earnings ratio of the Shanghai index was 14.81 as of the last full trading day while the dividend yield was 2 percent. ** So far this week, the market capitalisation of the Shanghai stock index has risen by 0.46 percent to 28.77 trillion yuan. ( read original story ...)