Twisting more than 600 metres into the sky like a giant corkscrew, Shanghai Tower is not just a remarkable feat of engineering but a symbol of the city’s rise to become one of the planet’s major financial hubs. A testament to lofty ambition it may be ... ( read original story ...)
China’s Stock Market Did Something Important In May 2018
China’ stock market has been in a long consolidation for almost 2 years now. When the Shanghai stock exchange (SSEC) recovered from its 2015 crash, it entered in April of 2016 the 3000 points area, and consolidated between 3000 and 3600 points since then. ( read original story ...)
China shares higher at close of trade; Shanghai Composite up 1.23%
Advancing stocks outnumbered falling ones by 920 to 397 and 62 ended unchanged on the Shanghai Stock Exchange. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.03. In commodities ... ( read original story ...)
Chinese bank staff offered dinner and photos with Trump for $150,000
BEIJING/SHANGHAI (Reuters) - A Chinese bank said on Friday it was tightening up its management after some staff were caught offering elite clients the chance to attend a dinner with U.S. President Donald Trump, and get their pictures snapped with him ... ( read original story ...)
China’s money rates ease on c.bank liquidity support, seasonal factors fade
SHANGHAI, May 18 (Reuters) - China's primary money rates eased on Friday after a rise in the middle of the week as liquidity tightness, caused by monthly corporate tax payment, eased following central bank-led cash injection, traders said. The volume ... ( read original story ...)
Shanghai’s robot bank: China opens world’s first human-free branch
A police patrol robot at Zhengzhou East railway station.Xiao Long, the latest employee at the Jiujiang Road branch of the China Construction Bank is never late for work. “Welcome to China Construction Bank,” she chirps to customers arriving at the ... ( read original story ...)
Shanghai stock exchange cracks down on share-backed loans by controlling stakeholders – media
The practice has prompted regulatory concern that a sharp fall in share prices could lead to a sudden change in the controlling shareholders of firms, which could consequently destabilize the market. The newspaper said the Shanghai Stock Exchange (SSE ... ( read original story ...)