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Shanghai Daily,上海日报


Bankcard clearing business to open

China will open the bankcard clearing business to both domestic and foreign investors in an effort to broaden the opening-up in the financial sector and optimize the consumption environment.“...

October 30, 2014, Thursday

Brokerages and FTZ firms lift shares higher

SHANGHAI stocks rose yesterday as investors were buoyed by the strong showing of brokerages and companies related to free trade zones. The Shanghai Composite Index rose 1.5 percent to 2,373.03 points. ...

October 30, 2014, Thursday

HK stocks chief insists linkup with Shanghai to move ahead

A delayed watershed scheme to allow cross-trading between Hong Kong and Shanghai’s stock markets will go ahead, the president of the Hong Kong bourse has said. The Shanghai-Hong Kong Stock Connect platform ...

October 30, 2014, Thursday

Chinese millenials least trustful about financial institutions, survey finds

PEOPLE born after the 1980 in China are the least trustful about financial institutions among seven major economies in the world, a survey found. About 44 percent of Chinese born after 1980 do not trust ...

October 29, 2014, Wednesday

Lloyds hit by US$1.5b charge for customers

Britain’s Lloyds Banking Group has taken another 900 million pound (US$1.5 billion) charge to compensate customers mis-sold loan insurance,...

October 29, 2014, Wednesday

New rules focus on local government debt

CHINA issued new rules on handling outstanding local government debt yesterday but left out some controversial provisions that were contained in an earlier draft of the regulations. China wants to accurately ...

October 29, 2014, Wednesday

Possible merger of trainmakers boosts shares

SHANGHAI stocks rallied more than 2 percent yesterday, propelled by the strong performance of trainmakers due to a merger speculation. The Shanghai Composite Index rose 2.07 percent to 2,337.87 points ...

October 29, 2014, Wednesday

Shanghai stocks close higher Tuesday

Chinese shares closed higher on Tuesday, with the benchmark Shanghai Composite Index up 2.07 percent to end the day at 2,337.87. The Shenzhen Component Index rose 2.03 percent to close at 7,988.34 points. ...

October 28, 2014, Tuesday

BEA launches WeChat platform

FOREIGN banks in China have stepped up developing banking on social media as the Bank of East Asia became the latest to have a WeChat outlet. BEA's WeChat platform offers basic bank account functions ...

October 28, 2014, Tuesday

Direct trading of yuan-Sing dollar

CHINA will begin direct trading of the yuan and the Singapore dollar today, the Chinese central bank said yesterday, as China seeks to solidify economic links with the city-state and expand the yuan’s ...

October 28, 2014, Tuesday


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