“The joint notice comes as part of a policy framework, flagging that more detailed measures on capital strengthening for banks is likely on the way,” said Zhao Yarui, a senior researcher at Bank of Communications in Shanghai. “Banks are under ... ( read original story ...)
Agricultural Bank to Raise $15.8 Billion in Private Placement
Agricultural Bank of China (ABC), the country’s third-largest bank, said on Monday it would raise as much as 100 billion yuan ($15.8 billion) in a private placement of its Shanghai-listed shares. The bank will use the proceeds to replenish its core tier ... ( read original story ...)
48 hours in Shanghai (Layover Itinerary)
The second tallest building in the world is the 632m Shanghai Tower and ninth tallest in the world is the 492m Shanghai World Financial Center. We spent the whole afternoon over on the Pudong side of the river checking out the buildings before going back ... ( read original story ...)
China seeks tougher delisting rules to clean up stock market
... stock board at a securities brokerage in Shanghai, June 9, 2017. [Photo/VCG] BEIJING - China's regulator and stock exchanges have released draft rules that will force companies to exit the equity market for serious law violations. If companies are ... ( read original story ...)
China Stock Market May See Additional Support
The China stock market has climbed higher in back-to-back trading days, gathering more than 35 points or 1.1 percent along the way. The Shanghai Composite Index now rests just beneath the 3,305point plateau and it draws a firm lead for Monday. The global ... ( read original story ...)
NBK awarded ‘Best Private Banking Services Overall in Kuwait’ for 2018
The Bank’s ratings are supported by its high capitalization ... Middle East, Singapore as well as China (Shanghai). ( read original story ...)
Shanghai, Shenzhen Bourses Draft New Rules to Attract Tech Unicorns
as part of the country’s efforts to boost its capital market and support emerging sectors of the economy. The Shanghai Stock Exchange is now preparing to make regulations for high-quality innovative companies’ domestic listing, according to a statement ... ( read original story ...)