In the bond market, yields edged higher following the latest readings on the U.S. economy. Growth for the overall economy slowed during the summer from the spring, according to a preliminary estimate ... ( read original story ...)
China’s big banks post Q3 profit gains, squeeze on net interest margins
The Bank of China (BoC) , the Bank of Communications and CCB reported quarterly net profit gains of 4.38%, 1.2% and 3.79%, respectively. ICBC rose 0.2% in Shanghai on Thursday morning after the ... ( read original story ...)
Expats impressed by payment services in Shanghai
Joey Yeo from Singapore, CEO of Heal Management Group, lauded the extensive acceptance of foreign cards in Shanghai, highlighting the widespread network of ATMs and point-of-sale terminals that ... ( read original story ...)
The China IPO market has collapsed
IPOs raised in mainland China have collapsed by 85% year-over-year to CNY 48B in the first nine months of the year. Christopher Wood, global head of Equity Strategy at Jefferies, said in a note that ... ( read original story ...)
Shanghai cracks down on Halloween costumes to prevent people making fun of authorities
But in China’s financial capital Shanghai authorities were extra vigilant to avoid a repeat of last year’s mass gathering where people wore outfits with political messages. As per a report in ... ( read original story ...)
China’s regulator hits CICC with US$1.1 million in penalties over chip company’s IPO
China’s market regulator has fined China International Capital Corporation (CICC), considered China’s Goldman Sachs, 6 million yuan (US$841,000) over its failure to perform due diligence as sponsor of ... ( read original story ...)
Shanghai steadily marches toward being an international financial center
VCG. Shanghai Municipality is striving to establish itself as an international financial center and global asset management center, aiming t ... ( read original story ...)