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Shanghai Daily,上海日报


Another slump in foreign investment

DIRECT foreign investment in China plummeted again last month, but not because of the ongoing anti-monopoly investigations, according to the Ministry of Commerce, which said the fall had narrowed compared ...

September 17, 2014, Wednesday

Investors take profits ahead of IPO debuts

Shanghai stocks fell over 1.8 percent yesterday as investors took profits on blue chips after their considerable gains over several days.The Shanghai Composite Index declined 1.82 percent to 2,296....

September 17, 2014, Wednesday

Three-way meeting of finance ministers

China, Japan and South Korea will hold a three-way meeting of their finance chiefs and central bankers this week in Australia, one of the highest-level contacts in recent years, Japan’...

September 17, 2014, Wednesday

Forex deficit as yuan’s rising hopes wane

Chinese banks sold more foreign currencies than they bought in August for the first time in 13 months as hopes for the yuan to appreciate waned.Banks sold US$147....

September 17, 2014, Wednesday

OECD acts to stop legal tax gaps

The OECD yesterday unveiled new proposals it said would “change the rules of the game” for companies which avoid paying huge taxes by exploiting international loopholes.Pascal Saint-Amans,...

September 17, 2014, Wednesday

Westpac appoints general manager for Shanghai branch

AUSTRALIA-BASED Westpac Banking Corp said it has appointed June Fu as General Manager of its Shanghai branch in a bid to strengthen the local leadership team. Fu was also appointed head of multinational ...

September 16, 2014, Tuesday

Blue chips lead decliners in Shanghai share trading

SHANGHAI stocks suffered a big loss today, mostly as a result of profit taking on blue chips after several days of gains. The benchmark Shanghai Composite Index declined 1.82 percent to 2,296.56 points. Investors ...

September 16, 2014, Tuesday

Half of China’s rich plan to emigrate

Nearly half of super-wealthy Chinese individuals are considering leaving the mainland, a survey said yesterday,...

September 16, 2014, Tuesday

BOC Paris named yuan clearing bank

China’s central bank has appointed the Paris branch of the Bank of China as a yuan clearing bank as efforts continue to promote international use of the yuan....

September 16, 2014, Tuesday

US states face wider income inequality

Income inequality is taking a toll on US state governments.The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue,...

September 16, 2014, Tuesday


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