For the past couple of years, China has been gaining on the U.S. for tech innovation leadership but this year’s report shows a solid vote for the U.S. The KPMG survey of nearly 800 technology industry ... a rich-poor divide), Shanghai again comes out ... ( read original story ...)
Shanghai aims at being Belt and Road investment and financing center
The second phase of the CIPS was launched in Shanghai on March 26 to promote the global use of the Chinese currency as well as the Belt and Road Initiative itself. Financial integration is an important aspect of the Belt and Road Initiative. By the end of ... ( read original story ...)
EXPLAINER-Shanghai crude futures complete globalization of oil markets
Asia so far has lacked a financial instrument despite its position as the world’s biggest and fastest-growing oil consumer. Previous attempts to establish one have been made in Singapore, Japan and Dubai, but have not been widely taken up. Shanghai crude ... ( read original story ...)
Trial of former Anbang boss, Wu Xiaohui, underway in Shanghai
SHANGHAI (Financial Times) -- The trial of Wu Xiaohui, ex-chairman of acquisitive conglomerate Anbang Insurance Group, began in Shanghai on Wednesday, in a proceeding that will reveal more detail about the government's accusations of economic crimes ... ( read original story ...)
Trial of Anbang’s former chairman starts in Shanghai
SHANGHAI/BEIJING (Reuters ... as Beijing cracks down on big-spending conglomerates and financial risk. Anbang had been one of the most aggressive investors behind a wave of overseas acquisitions by Chinese firms that have attracted the attention of ... ( read original story ...)
CHINA LAUNCHES OIL FUTURES TO STAKE CLAIM ON ITS OWN BENCHMARK / THE FINANCIAL TIMES
The Shanghai International Energy Exchange (INE), the unit of ... At least 10 foreign entities have registered to trade the contract including JPMorgan, Bands Financial and Straits Financial Services. Regulatory hurdles mean “there will be a gentle ... ( read original story ...)
China Vice Premier Liu tells regulators financial risk crackdown is their priority
“To win the battle against financial risks is a priority of the country’s current ... Additional reporting by John Ruwitch in Shanghai; Editing by Alison Williams and Sam Holmes Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)