Hong Kong led Tuesday's rally, jumping two percent to its highest level since late 2007, while Shanghai ended 1.2 percent higher, boosted by data showing manufacturing activity in China continued to expand in December. The news comes as China's leaders ... ( read original story ...)
News: New Limits to Overseas Cash Withdrawals
Wansien Lee is the Life & Style Editor for City Weekend Shanghai. She's Malaysian by name, but funnily enough has never lived in Malaysia. She likes writing about food and travel, and will probably end up the crazy lady down the street with thirty-seven cats. ( read original story ...)
China targets trust industry next year in fight against shadow banking – sources
SHANGHAI (Reuters) - China's banking regulator will further tighten the screws on the trust industry next year, two sources with direct knowledge of the matter said, as Beijing steps up a campaign to clampdown on the country's shadow banking sector. ( read original story ...)
Fraudulent website related to The Hongkong and Shanghai Banking Corporation Limited
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited on fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is ... ( read original story ...)
Inoherb banks on TCM to give it the winning edge
[Photo by Shen Jingwei/for China Daily] Rebranding to help Shanghai company expand presence abroad Shanghai-based Inoherb is banking on traditional Chinese medicine to give it the winning edge in the global skincare product market. The company has already ... ( read original story ...)
BRIEF-Shanghai Pudong Development Bank Gets Approval To Set Up Branch In London
Dec 20 (Reuters) - Shanghai Pudong Development Bank Co Ltd : * SAYS IT GETS APPROVAL FROM UK'S PRUDENTIAL REGULATION AUTHORITY TO SET UP BRANCH IN LONDON Source text in Chinese: bit.ly/2ktiSZe Further company coverage: (Reporting by Hong Kong newsroom) Our ... ( read original story ...)
Real estate firms bank on innovation
A saleswoman (right) addresses a visitor's inquiries at a housing exhibition held in Shanghai. [Photo by Lai Xinlin/For China Daily] Government efforts to encourage rental housing development, a measure intended to curb speculation in the real estate ... ( read original story ...)