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Shanghai Daily,上海日报
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Finance


Bad loan ratio falls as banks strengthen

CHINESE lenders saw their bad loan ratio decline by the end of May, fresh evidence of improved bank asset quality, the top banking regulator said yesterday. The bad loan ratio stood at 1.99 percent at ...

June 23, 2017, Friday


Digital coin sector expanding

CHINA should closely monitor the increasing diversification of cryptocurrencies and establish itself as a strong global voice in the sector and its regulation, industry analysts said yesterday. Bitcoin ...

June 23, 2017, Friday


Rules for mainland-HK bond link

China’s central bank has issued rules on overseas investment in the mainland interbank bond market via the mainland-Hong Kong bond connect program. Qualified overseas investors can buy bonds in the interbank ...

June 23, 2017, Friday


Macau’s Tai Fung opens in Shanghai

MACAU-BASED Tai Fung Bank yesterday launched its Shanghai branch to mark growing financial links between Shanghai and Macau under the Belt and Road initiative. It is the first Macau bank to open a branch ...

June 23, 2017, Friday


Stocks rally on decision

SHANGHAI stocks rose yesterday as market sentiment was lifted by the announcement that China’s A shares will be included in two of MSCI’s global indexes. The Shanghai Composite Index rose 0.52 percent ...

June 22, 2017, Thursday


After 3 years, A shares win MSCI inclusion

GLOBAL institutional benchmark provider MSCI yesterday decided to include 222 of China’s yuan-denominated A shares in two of its indexes. The move follows three years of rejections. Market watchers ...

June 22, 2017, Thursday


Regulators ‘should harness technology’

FINANCIAL regulators should utilize technology and monitor the size of innovative businesses to tackle risks brought by financial technology, experts told the annual Lujiazui Forum yesterday. Deng Zhiyi, ...

June 22, 2017, Thursday


Wealthiest individuals in China to rise by 18%

THE ranks of China’s wealthy will again grow by double-digits this year, a report said yesterday. The 2017 China Private Wealth Report by Bain Consulting and China Merchants Bank put the number of high ...

June 21, 2017, Wednesday


Easing insurance risk

TO contain risk in the financial sector, China’s insurance regulator has issued a draft of rules to standardize insurance businesses and cushion against credit risks. Insurers that offer protection against ...

June 21, 2017, Wednesday


Chinese banks block Myanmar traders

CHINESE banks have frozen the accounts of more than 100 commodities traders in northeast Myanmar in a bid to clamp down on smuggling and illegal gambling, state media reported yesterday. Myanmar’s government ...

June 21, 2017, Wednesday


 

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