SHANGHAI, Dec. 12, 2017 /PRNewswire/ -- On December 11, China UnionPay joined hands with over 30 Commercial banks and payment institutions to launch "Mobile QuickPass", the unified APP for China's banking industry. By integrating mobile payment functions ... ( read original story ...)
China banks warn new asset management rules may trigger systemic risks: sources
BEIJING/SHANGHAI (Reuters) - Ten Chinese banks have raised strong objections to the central bank's recent move to tighten rules on the asset management sector, saying it may cause a rush of redemptions among other risks, three sources with knowledge of the ... ( read original story ...)
China banks’ household loans soar as shadow lending squeezed
SHANGHAI/HONG KONG (Reuters) - Chinese lenders’ short-term household loans almost doubled last month from a year ago, according to central bank data, as regulators clamp down on other opaque forms of borrowing to tame risks linked to a vast shadow ... ( read original story ...)
BMW is turning an abandoned paint factory into a micro-apartment building in Shanghai
The car manufacturer BMW is constructing a micro-apartment building in Shanghai, China. As part of BMW's urbanism and architecture project Mini Living, the company is transforming an abandoned paint factory into housing. BMW revealed its first concept ... ( read original story ...)
Sky Solar Holdings, Ltd. Announces New Shanghai Office Location
All forms of proxy delivered to the former Shanghai office at Suite 1703, Gubei International Financial Center, 1438 Hongqiao Road, Shanghai 200336, China in accordance with the instructions specified in the form of proxy accompanying the notice of the AGM ... ( read original story ...)
China rental push spurs new breed of property bonds
including Beijing and Shanghai. The government is encouraging migrant workers and young couples to settle in rented accommodation to ease upward pressure on property prices, a goal which challenges the strong preference for property ownership among Chinese ... ( read original story ...)
China, HK stocks up on consumer, financial shares
SHANGHAI, Dec 11 (Reuters) - China and Hong Kong stocks rose on Monday, aided by strength in consumer and financial shares. ** As of 0422 GMT, the Shanghai Composite index was up 13.23 points or 0.4 percent at 3,303.22. ** China’s blue-chip CSI300 index ... ( read original story ...)