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Shanghai Daily,上海日报
Latest news:

Finance


2 charged with stock market manipulation

A prominent investor and the general manager of China’s biggest stock brokerage have been arrested on insider trading charges, the government said yesterday, in the latest aftershock from a plunge in ...

April 30, 2016, Saturday


Yuan sees its biggest daily rise since 2005

CHINA yesterday raised the exchange rate for the yuan against the United States dollar by 0.56 percent from Thursday, its biggest increase in almost 11 years. The People’s Bank of China fixed the yuan ...

April 30, 2016, Saturday


UK No. 2 in offshore clearance of yuan

THE UK, the world’s largest single foreign-exchange trading center, has overtaken Singapore as the second-largest offshore clearing center for yuan by March, a market survey revealed. The value of the ...

April 29, 2016, Friday


ICBC’s bad-loan ratio worsens

THE bad-loan buffer of Industrial and Commercial Bank of China fell below the regulatory minimum, highlighting debt issues again in Chinese banks. ICBC’s coverage for bad loans stood at 141.21 percent ...

April 29, 2016, Friday


PBOC to use rules to fight misconduct

China’s central bank, concerned over rising default risks posed by Internet finance and private lending since 2015, argued for legislations to combat illegal fundraising activities at a joint conference...

April 28, 2016, Thursday


Chinese firms pick outsiders as CEOs

Large Chinese listed companies are increasingly choosing external CEOs although most continue to promote from within, a survey showed....

April 28, 2016, Thursday


Consumer mood eases as outlook dims

Chinese consumer sentiment eased slightly in April as hopes for business conditions weakened although other indicators improved due to a better outlook for retail sales and consumption expenditure, according...

April 28, 2016, Thursday


Company boss gets 10 years for US$2.9m tax evasion

THE former boss of a leather processing company has been sentenced to 10 years in prison for evading 18.6 million yuan (US$2.9 million) in tariffs on imported industrial equipment, the Shanghai No. 1 ...

April 28, 2016, Thursday


Ant Financial adds US$4.5b after Series B

ANT Financial Services Group, the financial services affiliate of Chinese e-commerce giant Alibaba, said yesterday that it has completed a US$4.5 billion Series B round of financing as part of its goal ...

April 27, 2016, Wednesday


PE sector unlikely to match record year

CHINA’S private equity market is this year unlikely to repeat the record numbers achieved in 2015 due to the economic downturn and increased competition, consulting firm Bain & Co said in a study released ...

April 27, 2016, Wednesday




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