According to two people with direct knowledge of the case, an unknown sum was loaned by China Construction Bank through Shanghai Trust to Cinda Asset Management Company. Cinda then invested the cash. One of the sources said Cinda used the cash to acquire ... ( read original story ...)
BRIEF-Dali Pharmaceutical to raise 314.5 mln yuan for Shanghai IPO
* Says it plans to issue 25 million shares at 12.58 yuan ($1.94) a share for Shanghai IPO Source text in Chinese: bit.ly/2vOmgBQ ($1 = 6.4773 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
Trust issues? China targets a $3 trillion shadow banking industry
SHANGHAI (Reuters) - As a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators. The trusts, at the heart of a vast shadow banking ... ( read original story ...)
Disneyland fans gripe about Shanghai Disney’s free digital Fastpass, which costs $10 in Anaheim
The Shanghai app does not. Some Disney fans are complaining online, saying the photo downloads aren’t worth the extra fee. They also say cellphone and Wi-Fi service in the Anaheim parks is often weak, which hinders app use. “It's just the latest money ... ( read original story ...)
China’s timely pivot to city-led growth
For example, about half of Shanghai’s administrative jurisdiction of 6,340 sq ... Another strategy for advancing China’s transition towards a city-led growth model is to expand the role played by urban clusters that leverage the strength of first ... ( read original story ...)
Hotel Indigo Shanghai on the Bund: Old-world charm within a dense metropolis
SHANGHAI – the center of cool in China – is a city that evokes mystery, decadence, and glamor all at once. A perfect blend of new and old, its towering skyscrapers symbolise today’s success and wealth while other parts of the city are carefully ... ( read original story ...)
China stocks fall as banking, resources firms take a breather
SHANGHAI, Sept 7 (Reuters) - China stocks fell on Thursday, as profit taking in resource shares following their recent rally and weakness in the banking sector offset strong gains in real estate companies. The blue-chip CSI300 index fell 0.5 percent ... ( read original story ...)