SHANGHAI: A long-delayed trading link between ... The scheme will link mainland China's second stock exchange, the world's eighth largest with a market capitalisation of US$3.3 trillion as of September, with the bourse in Hong Kong. The former British ... ( read original story ...)
China’s Central Bank Issues a Warning as the Yuan Continues to Plummet
China’s central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on Friday. The Shanghai headquarters ... ( read original story ...)
Free trade accounts for foreign talents opened in Shanghai
“First, those meeting the requirements of talent introducing policy; second is overseas Chinese working in industries registered on the list of Shanghai Technology and Innovation Center.” He went on to explain that the third category is international ... ( read original story ...)
China central bank warns against outflows via Shanghai FTZ disguised as investment: sources
SHANGHAI China's central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on Friday. The Shanghai ... ( read original story ...)
Shanghai is racing to become China’s cultural capital
Shanghai, hip and hopping, seemed determined to present itself as a new centre of the art world. Chinese contemporary art was actually born in Beijing. In 1979, soon after the country began rolling out Deng Xiaoping’s economic reforms, a small group of ... ( read original story ...)
Overseas staff in FTZ allowed to use local banking services
China's central bank will allow qualified international employees working in China (Shanghai) Pilot Free Trade Zone to open overseas personal free trade accounts, as part of a series of reforms encouraging innovation and cross-border investment. ( read original story ...)
UPDATE 1-China c.bank says will crack down on capital flight in FTZ reform drive
SHANGHAI Nov 23 China's central bank will crack down on capital flight and closely monitor abnormal capital flows as it pushes financial reforms in Shanghai's free trade zone (FTZ), an senior official said on Wednesday. Shanghai will strive to expand net ... ( read original story ...)