SHANGHAI (Reuters) – China's securities mutual funds made a combined loss of 123.5 billion yuan ($19.5 billion) in the fourth quarter of last year mainly due to a weak stock market, the official China Securities Journal said on Monday. The loss made by 872 funds managed by 64 fund companies, however, was 50.8 percent...
Shanghai plans to become a global center for yuan trading by 2015, open markets wider to foreign investors and almost triple non-currency financial transactions. (read the story…) Related items F1: Sutil tried to settle Lux assault case China to Make Shanghai the World's Yuan Center by 2015 Shanghai – a city with 132,000 millionaires...
Adrian Sutil on Monday said he is "extremely sorry" for hurting Lotus executive Eric Lux last year. The former Force India driver's two-day assault hearing, relating to an incident in a Shanghai nightclub after which Lux needed 24 stitches in his neck, began in a Munich court. "I'm sorry, extremely sorry, I didn't want...
SHANGHAI (Reuters) – China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020. The plan for Shanghai's financial innovations through 2015, published jointly by the country's economic planning...
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China will make Shanghai the global center of yuan trading, clearing and pricing by 2015, according to a specific state plan laying out the city's future as an international financial center. (read the story…) Related items Shanghai Aims to Become Global Yuan Trading Center by 2015 China to make Shanghai global yuan hub by...
