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Shanghai Daily,上海日报
Latest news:


Yuan-dollar formula facing change

CHINA plans to change a formula for forming the yuan-US dollar central parity rate, a move to ensure stable exchange rates at a time when global financial markets remain beset by instability. Under China’s ...

May 29, 2017, Monday

Vital initiative

VANGUARD, the world’s largest mutual fund company, sees bringing its investment approach to Chinese investors as a vital initiative for its wholly owned subsidiary, which was launched in Shanghai’s free ...

May 26, 2017, Friday

Shorter negative list for investment

WITH a shorter negative list for foreign investment, China has made a further step in opening up its vast market. A revised guidance catalog for foreign investment in China will soon come into force, ...

May 26, 2017, Friday

Shares jump on opening-up news

SHANGHAI shares jumped yesterday, with the blue-chip CSI 300 index posting its best day in more than nine months, as investors were buoyed by news of further opening-up of China’s financial sector. The ...

May 26, 2017, Friday

China mulling opening futures trading

CHINA is considering allowing foreign investors to trade domestic crude oil and iron ore futures as part of financial reforms, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, ...

May 26, 2017, Friday

SOEs record slower profit growth in April

PROFIT growth at China’s state-owned enterprises slowed in April, official data showed yesterday. SOEs made combined profits of 824.8 billion yuan (US$119.7 billion) between January and April, up 24.8 ...

May 25, 2017, Thursday

Chinese banks join global payment format

AN additional 11 Chinese commercial banks have joined a global payments innovation (gpi) initiative to offer faster, more transparent and traceable cross-border payments for Chinese companies. The initiative ...

May 25, 2017, Thursday

Progress seen in mixed-ownership reform in SOEs

CHINA’S mixed-ownership reform in centrally administered state-owned enterprises has made steady progress, the country’s top economic planner said yesterday. Two groups of about 20 central SOEs have ...

May 25, 2017, Thursday

High-level talent set for 25% pay raise

HIGH-LEVEL talent can expect a salary rise of up to 25 percent, although average salary may increase 8 percent and junior positions face downward pressure, two separate reports said yesterday. Companies ...

May 25, 2017, Thursday

China dismisses credit downgrade

CHINA’S Ministry of Finance dismissed yesterday’s decision by Moody’s Investors Service to downgrade the country’s credit rating for the first time in nearly 30 years, saying the ratings agency was exaggerating ...

May 25, 2017, Thursday


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