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Shanghai Daily,上海日报

Finance


Everbright’s slow growth

China Everbright Bank, the banking unit of state-owned China Everbright Group, posted a slower 2.5 percent profit growth in the first half of the year....

September 1, 2015, Tuesday


Rising bad loans hurt CCB profits

China Construction Bank (CCB), one of the country’s biggest state banks, said net profit for the first half of the year were flat, hit by rising bad loans....

September 1, 2015, Tuesday


Suspects ‘confess’ in shares probe

Suspects detained by police last week in an investigation into stock market malpractice, including spreading false information, taking bribes and insider dealing, are said to have confessed to wrongdoings. ...

September 1, 2015, Tuesday


QFII scheme edges up

THE outstanding amount of China’s dollar-denominated Qualified Foreign Institutional Investor (QFII) program inched up to US$76.7 billion as of August 28, from US$76.6 billion at the end of July, the ...

September 1, 2015, Tuesday


Shanghai stocks retreat 0.8% amid crackdown on speculators

SHANGHAI shares fell for the first time in three days yesterday, extending the biggest two-month drop since 2008 amid a crackdown on speculators and as doubts grew of another round of government intervention. ...

September 1, 2015, Tuesday


Down payment percent slashed

The People’s Bank of China has slashed the minimum down payment requirement rate for second home buyers, who borrow from their local housing provident funds, to a minimum 20 percent from the previous 30...

September 1, 2015, Tuesday


China Pacific shares surge

SHARES of China Pacific Insurance (Group) Co rose yesterday after the insurer posted a 65 percent growth in the first-half net profits. Net income increased to 11.3 billion yuan (US$1.8 billion) while ...

September 1, 2015, Tuesday


Journalist, securities regulatory official held for stock market violation

CHINESE authorities have held several people, including a journalist, an official of China's securities watchdog and four senior executives of China's major securities dealer for stock market violations. ...

August 31, 2015, Monday


China removes loan-to-deposit cap

China on Saturday scrapped a two decade limit on the percentage of funds banks can lend out relative to deposits, state media reported....

August 31, 2015, Monday


Dole Food CEO, ex-exec to pay damages

A Delaware judge ordered 92-year-old Dole Food CEO David Murdock and a former top lieutenant to pay US$148 million in damages for misleading directors and shareholders in a deal that took the company ...

August 29, 2015, Saturday




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