SHANGHAI/SINGAPORE, Oct 30 (Reuters) - China's yuan eased slightly against a strengthening dollar on Monday, though moves were limited as investors cautiously await the outcome of a key financial ... ( read original story ...)
Xi Jinping tightens control over China’s financial industry
Authorities may also offer a hint on further opening up the financial sector and beefing up financial governance to better cope with the changes in global political and economic environment, according ... ( read original story ...)
China tech IPOs plunge as regulators turn tough on start-ups
In a regulatory inquiry in July, the Shanghai stock exchange asked Yeestor Microelectronics, a Shenzhen-based manufacturer of flash memory control chips that filed for a Star IPO last year, whether a ... ( read original story ...)
Bank Staff Counts Rs 6.5 Crore Cash Manually After Chinese Millionaire Withdraws It
He said that at a bank in Shanghai, he got into a fight with the security personnel and was given the "worst customer service." He then requested that the bank count the five million renminbi ... ( read original story ...)
China’s Bank of Communications Q3 profit down 2.98%
China's Bank of Communications Co Ltd (BoCom), reported a 2.98% drop in third-quarter net profit. BoCom reported a net profit of 23.13 billion yuan ($3.16 billion) in the three months ended September, ... ( read original story ...)
Chinese millionaire withdraws millions, makes bank staff count cash by hand
“This week in Shanghai, China, a millionaire named 'Sunwear' withdrew his entire savings of 5 million yuan and ordered the bank staff to count every single note. All because they asked him to wear a ... ( read original story ...)
As China’s Stock Market Steadies, Risks Around ‘Snowball’ Derivatives Recede
Snowball is a distinct and popular Chinese market derivative that offers bond-like coupons to investors as long as the underlying assets in the product trade within a specified range. ( read original story ...)