WuXi AppTec, the mainland’s leading biotechnology firm which privatised in New York two years ago, has been given the green light to relist on the A-share market via an initial public offering (IPO) in Shanghai, just seven weeks after filing its application. ( read original story ...)
Shanghai crude futures roar into action as global merchants dominate trade
Both futures contracts are commonly used by financial traders. "Prices assessed at the Shanghai exchange will reflect China's crude supply and demand," said Sushant Gupta, research director at energy consultancy Wood Mackenzie. Despite the first-day ... ( read original story ...)
China launches yuan crude oil futures today to mark further financial opening up
which also made Shanghai a stronger financial center. The contract is traded on the Shanghai International Energy Exchange, a unit of the Shanghai Futures Exchange, and allows Chinese buyers to lock in oil prices and pay in yuan. The launch of the yuan ... ( read original story ...)
Asiamoney China retail banking awards 2018
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 ...)