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Shanghai Daily,上海日报


FTZ attracts 1st ship management firms

THE Shanghai pilot free trade zone has attracted its first three ship management companies, achieving early success in one of its main goals of boosting shipping business in the port city. As the FTZ ...

August 29, 2014, Friday

Ministry to ‘assist’ in property tax reform

CHINESE Minister of Finance Lou Jiwei yesterday said the ministry will “assist in legislation of the property tax” as it accelerates the reform of China’s taxation system. “We will take an active part ...

August 29, 2014, Friday

ICBC’s profitability rises by slower 7.1%

THE Industrial and Commercial Bank of China, the biggest lender in the country, yesterday said its net profit grew by a slower 7.1 percent in the first half of this year amid an economic slowdown in the ...

August 29, 2014, Friday

Fears of funds crux as IPO subscriptions open

Shanghai stocks dipped yesterday as six initial public offerings opened for subscriptions, raising fears of a liquidity crunch in the market. The Shanghai Composite Index shed 0.62 percent to 2,195....

August 29, 2014, Friday

Huarong to go public by end-2015

CHINA’S largest asset-management company will go public by the end of 2015, it said yesterday, in the latest deepening of market-oriented reform in the country’s financial sector. China Huarong Asset ...

August 29, 2014, Friday

3rd-party platforms thrive in Pudong

TRADING through third-party platforms based in Shanghai’s Pudong New Area accounts for 60 percent of the total volume nationwide, a strong sign that the district boasts a booming trade in these payments, ...

August 29, 2014, Friday

Shanghai equity index down due to IPO concern

SHANGHAI stocks dipped today partly because some investors’ funds were frozen amid new initial public offerings in the Shanghai stock market. The Shanghai Composite Index dropped 0.62 percent to 2,195.82 ...

August 28, 2014, Thursday

Shanghai index down due to funds frozen in new IPOs

SHANGHAI stocks fell 0.37 percent to 2,201.37 points by midday trading as funds were frozen amid a new round of initial public offerings launched today by two companies in the Shanghai stock market. Hangzhou ...

August 28, 2014, Thursday

RBS takes hit after being faulted over mortgages

People walk past a branch of the Royal Bank of Scotland in London. Britain’s financial regulator has fined RBS for selling mortgages without checking if customers could afford them, undermining CEO Ross McEwan’s efforts to repair the bank’s image. The Financial Conduct Authority yesterday said it had fined RBS 14.5 million pounds (US$24 million) for failing to ensure advice given to customers between June 2011 and March 2013 was suitable. ...

August 28, 2014, Thursday

Drop in losses from natural disasters

NATURAL disasters caused total economic losses of US$41 billion in the first six months of this year, much less than usual, reinsurance group Swiss Re estimated yesterday. The figure released by the Zurich-based ...

August 28, 2014, Thursday


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