Shanghai Pudong Development Bank was fined $72 million for illegal lending activities, marking one of the stiffest penalties handed out so far in China’s crackdown on wrongdoing in its financial markets. The China Banking Regulatory Commission’s bureau ... ( read original story ...)
Stock Futures Trim Overnight Gains on Soft Housing Market, Philly Fed Data
China's GDP, fixed-asset investment and industrial production numbers all beat expectations, restoring confidence in the strength of the world's second largest economy, and driving the Shanghai stock market index nearly 1% higher overnight. Europe's ... ( read original story ...)
Hong Kong stock market hits record on upbeat China data
compared with a valuation multiple of 14.6 times for the 51-stock Hang Seng Index. "Investors are inclined to invest in shares with lower valuations when the market is on a rising trend," said Linus Yip, chief strategist at First Shanghai Securities in ... ( read original story ...)
Banking and infrastructure firms power China stocks to two-year highs
SHANGHAI: China stocks climbed on Thursday to end at two-year highs, underpinned by robust gains in banking and infrastructure firms. Share markets closed just as Chinawas announcing that it had annual economic growth of 6.8 per cent in October-December. ( read original story ...)
HSBC Private Banking sees strong markets despite high valuations
THE private banking arm of Hongkong and Shanghai Banking Corp. Ltd. (HSBC) expects the Philippine stock market to continue its rise this year, driven by the Asian boost in the global economic growth as well as the so-called “fourth industrial revolution.” ( read original story ...)
BANK OF SHANGHAI CO. (601229)
Bank of Shanghai Co. Ltd. engages in the provision of commercial banking and financial services.Its services include savings, loans, wealth management, foreign exchange, treasury, and international banking.The company was founded on December 29, 1995 and ... ( read original story ...)
Firm’s listing to help it market fighter abroad
Shenyang Aircraft Corp, a major maker of fighter jets in China, has been listed on the Shanghai Stock Exchange ... States' monopoly in the advanced fighter jet market. He said that funds raised from the stock market will allow Shenyang Aircraft to continue ... ( read original story ...)