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Shanghai Daily,上海日报
Latest news:


Profit-taking hits shares

Shanghai stocks edged down yesterday as investors took profits in cement companies....

February 24, 2017, Friday

New record in fundraising

CHINA’S private equity and venture capital fundraising set a new record in 2016, and will continue to rise in 2017 bolstered by a surge of yuan-backed funds, showed a survey released by consultancy PwC ...

February 24, 2017, Friday

Central SOEs cut legal entities

CHINA’S centrally administered state-owned enterprises cut 2,730 subsidiary legal entities last year, a senior official said yesterday. The central SOEs posted a narrower yearly loss and reduced management ...

February 24, 2017, Friday

Trade woes melt steel shipments

CHINA’S steel exports fell 23.2 percent year on year to 7.42 million tons in January as the number of trade barriers rose, official data showed yesterday. The plunge in January extended the 26.8 percent ...

February 24, 2017, Friday

Fair set to see 10% rise in buyers

The East China Fair is set to draw about 10 percent more buyers this year amid signs of a recovery in Shanghai’s fo­reign trade, fair organizers said yesterday. By Wednesday, 4,691 professional visitors ...

February 24, 2017, Friday

P2P lenders to keep funds at banks

CHINA’S banking regulator yesterday issued a new rule requiring peer-to-peer lending platforms to use third-party banks for custody of funds as it enhanced a national campaign to curb financial fraud. The ...

February 24, 2017, Friday

US ruling on Chinese tire imports ‘objective’

The latest US ruling to remove heavy duties on truck and bus tires imported from China was “in line with the objective facts,” the Ministry of Commerce said yesterday....

February 24, 2017, Friday

China to encourage private investment in social sectors

CHINA is to widen market access to medical care, education, caring for the elderly, culture, sports and other social undertakings for private capital. An array of new policies will soon be issued to ...

February 24, 2017, Friday

Tender offer deadline extended

People are seen outside the headquarters of China National Chemical Corp in Beijing. ChemChina, as the company is also known, has extended until April 28 its US$43 billion tender offer for Swiss pesticides and seeds group Syngenta, it said yesterday. The offer had previously been set to expire next Thursday. “As previously stated, extensions to the tender offer are expected to occur until all conditions to the offers are satisfied, including obtaining all applicable regulatory approvals,” it said in a statement. ...

February 24, 2017, Friday

Building materials help index end higher

SHANGHAI stocks yesterday rose for the third straight day to a three-month high as construction material companies were bolstered by China’s plan to expand infrastructure construction. The Shanghai Composite ...

February 23, 2017, Thursday


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