Ping An Bank rallied 6.5 per cent to 14.58 yuan and Shanghai Pudong Development Bank added 4.2 per cent to 11.95 yuan. In Hong Kong, the Hang Seng Index rose 319.15 points to 30,129.87. The Hang Seng ... ( read original story ...)
US boon for bank in surge
Shanghai Commercial Bank reported its profit after tax rose 17.1 percent to HK$2.85 billion in 2018, mainly attributable to higher net interest income - especially at its US branches - and the ... ( read original story ...)
Brazil to receive $621m investment from BRICS bank
A logo of New Development Bank in Shanghai, China, file photo. [Photo/IC] RIO DE JANEIRO - Brazil will receive an investment of $621 million from the New Development Bank (NDB), the Institute for ... ( read original story ...)
China’s Central Bank Just Stuck It To The Bears
Shanghai and Shenzhen indexes are up over 35% year-to-date, despite the recent reversal. So why is the People's Bank of China (PBOC) pumping money into the market like a drunken sailor? Although it is ... ( read original story ...)
Shanghai sets priorities for attracting investment
A panoramic view at sunrise of the Bund along the Huangpu River in Puxi and the Lujiazui Financial District in Pudong with high-rise buildings in Shanghai, Aug 20, 2018. [Photo/IC] Shanghai will keep ... ( read original story ...)
Tesla says it’s investigating parked Model S exploding in Shanghai
Shanghai | US electric vehicle maker Tesla on Monday said it had sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding. The video was widely ... ( read original story ...)
Sudden Rush to Raise Cash in China Is Burning Stock Investors
China’s cash-strapped companies are going to new lengths to raise money from the booming stock market, even if it comes at a cost ... bonds and more than 80 applications to list on Shanghai’s new tech ... ( read original story ...)