From cooking oil and rice to public transport cards, Shanghai’s smaller banks have been aggressively doling out free gifts – on top of higher returns – in an attempt to attract larger deposits before the year is out. In a branch of Huaxia Bank in ... ( read original story ...)
Shanghai stock market edges up, but blue-chip index down
SHANGHAI, Dec 26 (Reuters) - China's main Shanghai stock market rose slightly on Tuesday, but both the blue-chip index and the start-up board ChiNext dipped in holiday-thinned trade, as banking system liquidity remains relatively tight. ** Hong Kong market ... ( read original story ...)
China stocks down as bank liquidity tightens
SHANGHAI: China stocks fell on Wednesday in thin trade and as liquidity in the banking system tightened. The Shanghai Interbank Offered Rate (SHIBOR), seen as the benchmark interbank rate, has been climbing higher. Three-month SHIBOR hit 4.8559 per cent on ... ( read original story ...)
ANZ completes sale of stake in Shanghai bank
ANZ Bank has agreed to sell its 20% holding in Shanghai Rural Commercial Bank for AUD1.84bn (USD1.41bn). Chinese shipping giant COSCO and Shanghai Sino-Poland Enterprise are taking 10% each. In a statement, ANZ Bank said the move is part of efforts to ... ( read original story ...)
6th Shanghai Stock Exchange Forum On Rule Of Law Held In Shanghai
On December 15, sponsored by the Shanghai Stock Exchange (SSE) and co-sponsored by Peking University ... held in Shanghai with the theme of the legal construction on the capital market in the new era. Huang Wei, Assistant to Chairman of the China ... ( read original story ...)
China stocks fall as financial and consumer shares drag
At the close, the Shanghai Composite index was down 2.70 points or 0.08 per cent at 3,297.36. The blue-chip CSI300 index was down 0.32 per cent, with its financial sector sub-index lower by 0.72 per cent, the consumer staples sector down 0.74 per cent ... ( read original story ...)
Additional Support Expected For China Stock Market
(RTTNews.com) - The China stock market bounced higher again on Thursday, one session after it had ended the two-day winning streak in which it had advanced more than 30 points or 0.9 percent. The Shanghai Composite Index now rests just above the 3,300 ... ( read original story ...)