As house prices shoot up, the city government can fast-track approvals for home construction and rake in higher proceeds from land auctions Local banks have quickened the pace of loan approvals to ... ( read original story ...)
China postpones key annual financial forum in Shanghai
China has postponed a key financial gathering set for this week in its financial hub of Shanghai, authorities said on Tuesday, adding that they were aiming for deeper discussion of the topics to be ... ( read original story ...)
China Delays Key Annual Financial Forum Amid Covid Flare-Up
China has postponed an important annual financial forum in Shanghai this week, according to local officials, as the country battles a new wave of Covid outbreak. ( read original story ...)
China Central Bank to Cut FX Reserve Ratio to Help Limit Yuan Weakness
The People's Bank of China said it would cut the foreign exchange reserve requirement ratio (RRR) to 6% from 8% beginning Sept. 15, according to an online statement. The PBOC said the reduction aimed ... ( read original story ...)
China’s financial hub dream for Shanghai 2020 still distant
SHANGHAI--China's commercial capital of Shanghai is still far from its goal of becoming a global financial hub by 2020 due to hurdles such as capital controls and a lack of consistent rules ... ( read original story ...)
China’s property crisis sinks all as Vanke services arm faces investors in Hong Kong’s moribund IPO market
New stock offerings have been a failure for investors who took part in deals involving Chinese property management services firms this year. Many such IPOs since 2019 have tanked. China Vanke will ... ( read original story ...)
Shanghai police scam targeting Asian community in Mississauga, Brampton and Ontario
Peel police are warning the community about a scam that targets the Chinese community. In this scam, the caller claims to be from the Shanghai police or Beijing police. The automated call threatens ... ( read original story ...)