while options traded on the Shanghai Stock Exchange have also witnessed rapid growth recently. The suspension comes after signs that options in the OTC market, which change hands among institutions including commercial banks, private funds and brokerages ... ( read original story ...)
How China’s property boom is costing young lovers — and Australia
China's property prices continue to skyrocket, although in the last few months, growth has slowed thanks to tighter controls by city governments. Beijing, Shanghai and Shenzhen are the three most expensive cities. The average price of real estate in ... ( read original story ...)
China Aiming for Shanghai-London Trading Link This Year
The program with London Stock Exchange Group Plc would be the third system to give foreigners access to the mainland equity market, the world’s second biggest by value. A link between Shanghai and Hong Kong started in November 2014, and a connect between ... ( read original story ...)
China vows wider access to financial markets amid trade row
and also will "strive" to establish a similar link between Shanghai and London this year. Central Bank Governor Yi Gang also said China would move ahead with plans to remove limits on foreign shareholdings in Chinese financial institutions. Foreign firms ... ( read original story ...)
Shanghai to invest nearly US$11b on tech upgrading
Shanghai will invest 69 billion yuan (US$10.9 billion) this year to upgrade industrial technology to transform its economy, the city government said on Tuesday. The technology upgrade also embraces software, patent and testing besides manufacturing ... ( read original story ...)
‘Unmanned bank’ makes debut in Shanghai
A China Construction Bank branch on Kiukiang Road, Shanghai, is being touted as the first "unmanned bank" on the Chinese mainland with its opening on April 9, 2018, reports the Shanghai Observer. Instead of being approached by human personnel, the bank ... ( read original story ...)
China’s central bank says it will skip OMOs on Wednesday
SHANGHAI (Reuters) - China’s central bank said it will skip open market operations on Wednesday as liquidity levels in the banking system were “relatively high”. On a net basis, the People’s Bank of China (PBOC) will drain 20 billion yuan ($3.18 ... ( read original story ...)