Financial details of Oscar's transfer to Shanghai SIPG from English Premier League club Chelsea have not been released, but media reports have suggested Shanghai paid 60 million euros ($62.6 million) to lure the 25-year-old to the Chinese super league club. ( read original story ...)
Clampdown on insurers stock buying weighs on market outlook
Retail investors in China consider the outlook for liquidity as a key factor in investment decisions, as most market turnover is driven by individual investors rather than institutions. On the Shanghai Stock Exchange, average daily trade in December was ... ( read original story ...)
BRIEF-Huali Industries sets pricing for Shanghai IPO
* Says it plans to issue up to 16.7 million shares at 23.26 yuan a share to raise 388.4 million yuan ($55.86 million) in its Shanghai IPO Source text in Chinese: bit.ly/2hxAcvg ($1 = 6.9535 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Next In ... ( read original story ...)
China's money rates rise over the year as c.bank tightens liquidity
SHANGHAI, Dec 30 China's primary money rates rose this week and were largely higher this year, driven by the central bank's tight liquidity stance in the second half aimed at curbing bubbles and reducing leverage in the banking system. The volume-weighted ... ( read original story ...)
Three days in Shanghai
Resident Alywin Chew devised a three-day itinerary to take in the best it has to offer Shanghai is the engine of China's financial and innovation development. The mega city offers a captivating blend of modernity and old-world charm like no other place in ... ( read original story ...)
Ossen Innovation Announces Resignation of Chief Financial Officer
SHANGHAI, Dec. 30, 2016 /PRNewswire/ -- Ossen Innovation Co ... today announced that its Chief Financial Officer ("CFO"), Mr. Feng Peng, has resigned from the Company, effective December 31, 2016, to pursue other opportunities. Mr. Peng's resignation ... ( read original story ...)
China Vows to Ease Curbs on Foreign Investment in Finance
SHANGHAI—China says it will give foreign companies long-sought greater access to its financial industry. Investment restrictions will be relaxed in banking, securities, fund management, futures and insurance, Ning Jizhe, vice chairman of the National ... ( read original story ...)