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Shanghai Daily,上海日报

Finance


Shares fall on CSRC’s IPO move

SHANGHAI stocks edged down yesterday on profit-taking after the securities regulator decided it would approve two batches of initial public offering applications monthly. The Shanghai Composite Index ...

April 25, 2015, Saturday


HSBC to study whether HQ stays in UK

GLOBAL bank HSBC yesterday said it will review whether to remain headquartered in the UK as the country tightens regulation of the sector. In a surprise announcement less than two weeks before the UK’s ...

April 25, 2015, Saturday


Greece told no more loans until accord on reform plan

EUROZONE finance ministers delivered a stark warning to Greece yesterday that its leftist government will get no more aid until it agrees to a complete economic reform plan, as Athens lurches closer to ...

April 25, 2015, Saturday


Pudong’s financial engine fuels Shanghai’s modern economy

EDITOR’S note: This year marks the 25th anniversary of Pudong New Area’s takeoff since opening-up of the area as an economic zone started in 1990. Pudong, literally the east bank of Huangpu River, has ...

April 25, 2015, Saturday


Chinese lenders set record forex gap

CHINESE banks sold more foreign currency than they bought in March, setting a record deficit since records began in 2010. Chinese banks bought 808.3 billion yuan (US$130.4 billion) in foreign currencies ...

April 24, 2015, Friday


Shares rise on hopes of further easing

SHANGHAI stocks rose yesterday to finish above 4,400 points as another poor reading of Chinese manufacturing raised expectations for further stimulus. The Shanghai Composite Index gained 0.36 percent ...

April 24, 2015, Friday


Profits hard for banks to earn in 2015

PROFITS at some Chinese banks may stop growing or decline this year as their asset quality comes under pressure and they suffer a narrower interest rate margin, PricewaterhouseCoopers said in a report ...

April 24, 2015, Friday


Shares rise over 2% to end at 7-year high

Shanghai stocks rose to a seven-year high yesterday, closing at nearly 4,400 points, as investors were cheered by China’s nuclear power blueprint....

April 23, 2015, Thursday


Plan for cross-strait stock link studied

CHINA is studying setting up a cross-border stock trading link between the mainland and Taiwan, local media on the island said yesterday. The China Securities Regulatory Commission is studying a cross-strait ...

April 23, 2015, Thursday


Forex services liberalized in FTZ

BANKS are now allowed to offer foreign currency services with special accounts operating in the Shanghai free trade zone as China continues to liberalize financial measures in the FTZ, the Shanghai headquarters ...

April 23, 2015, Thursday


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