China busts underground bank in Guangzhou

SHANGHAI - Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported on Tuesday. The underground bank, hidden in a food market in the southern city of Guangzhou, is suspected of being ... ( read original story ...)

Shanghai Gold Exchange Withdrawals In August

Withdrawals on the Shanghai Gold Exchange are often considered a good proxy for the level of physical gold demand in China. The Peoples Bank of China has slowed its gold purchases recently. In November and December the PBOC added no gold to its reserves. ( read original story ...)

Secret Guangzhou bank used to transfer assets abroad busted

SHANGHAI • The Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported yesterday. The underground bank, hidden in a food market in the southern city of Guangzhou, is suspected of being ... ( read original story ...)

Trillanes: Singapore bank denied account

Trillanes went to Singapore to visit two banks and to inquire whether there were accounts under his name in the DBS Bank Alexandra branch and the Hongkong Shanghai Bank Raffles branch. On Tuesday night, Mr. Duterte said Trillanes used the “wrong” bank ... ( read original story ...)

Quick Take: Mainland’s IPOs Soar

Funds raised through initial public offerings (IPOs) on China’s A-share market in the first three quarters more than doubled year-on-year, and will reach 230 billion yuan ($34.7 billion) by the end of 2017, according to a KPMG report. The Shanghai and ... ( read original story ...)