SHANGHAI/BEIJING (Reuters) - China’s central bank governor said the economy could grow 7 percent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The uncharacteristically explicit ... ( read original story ...)
China central bank chief surprises with gravity-defying 7 pct H2 growth forecast
SHANGHAI/BEIJING: China’s central bank governor said the economy could grow 7 per cent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The uncharacteristically explicit growth ... ( read original story ...)
Has Shanghai stock market really done so badly over past decade?
The Hang Seng index recently closed at its highest level in a decade. In contrast, the Shanghai market hit 3,378 points, almost halving its previous high of 6,124 points set on Oct. 16, 2007. Does that mean mainland investors have suffered huge losses from ... ( read original story ...)
China shares mixed at close of trade; Shanghai Composite down 0.15%
Declining stocks outnumbered rising ones by 625 to 618 and 77 ended unchanged on the Shanghai Stock Exchange. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.92% to 17.62. In commodities trading ... ( read original story ...)
Foster + Partners and Heatherwick Studio spruce up Shanghai’s waterfront
Shanghai’s most famous street, the Bund, is undergoing the “starchitect” treatment. Foster + Partners teamed up with Heatherwick Studio to design the Bund Financial Center as the “end point” to the city’s iconic waterfront. The 420,000-square ... ( read original story ...)
China equities play catch-up after week off
In Shanghai financial stocks were broadly higher, reflecting positive market sentiment a week after China’s central bank decided to cut its reserve requirement ratio for banks on Sunday, October 1. In Hong Kong, however, equities mostly took cues from US ... ( read original story ...)
Millennials Are Helping Jack Ma’s Financing Firm Become a Debt Giant
Few questions were asked when Miuki Wang, a graduate student in Shanghai, got a 10,000 yuan loan for a trip to London this summer in a matter of seconds, all through an app on her smartphone. Ant Financial approved her request at 14.6 percent annual ... ( read original story ...)