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Shanghai Daily,上海日报


China approves 3 private banks in effort to diversify financial services

CHINA today approved three privately owned banks as the country steps up efforts to diversify financial services. Shang Fulin, chairman of the China Banking Regulatory Commission, made the announcement ...

July 25, 2014, Friday

City passes law to bolster FTZ

THE Shanghai People’s Congress unanimously passed a new law today that covers regulations on supervision, investment, trade, financial services and taxation in the China (Shanghai) Pilot Free Trade Zone. ...

July 25, 2014, Friday

Businesses gain from VAT reform

China’s value-added tax reform has so far resulted in a tax reduction of 267.9 billion yuan (US$43.2 billion) for businesses, the State Administration of Taxation said yesterday. China’s VAT reform, which ...

July 25, 2014, Friday

Strong manufacturing data fuels surge

SHANGHAI stocks rose to a three-month high yesterday, buoyed by an upbeat data on the manufacturing sector which expanded at the fastest pace in 18 months. Optimism that the government would roll out ...

July 25, 2014, Friday

Auditor reports irregularities in state-funded construction projects

A LOCAL auditor has found irregularities in government-funded construction projects, while a fifth of Shanghai government’s budget earmarked for cars, overseas trips and receptions was left untouched. ...

July 25, 2014, Friday

Last-minute bailout helps firm to avoid bond default

A CONSTRUCTION firm narrowly avoided becoming the second company in China’s modern financial history to default on a corporate bond after a last-minute rescue by local authorities, Chinese media said ...

July 25, 2014, Friday

Shanghai shares up 1.28%, hitting a 3-month high

SHANGHAI stocks jumped to a three-month high today, spurred by data showing China’s manufacturing industry may have expanded the fastest in 18 months and by optimism that the government will roll out ...

July 24, 2014, Thursday

Shanghai shares advance on robust China PMI

SHANGHAI stocks rallied in morning trading today, buoyed by upbeat data that showed China’s manufacturing sector may have expanded at the fastest pace in 18 months. The key Shanghai Composite Index rose ...

July 24, 2014, Thursday

Index inches north on gains by metal sector

SHANGHAI stocks edged up yesterday on strength in the nonferrous metal sector due to optimism about metal prices. The benchmark Shanghai Composite Index rose 0.14 percent to 2,078.49 points. According ...

July 24, 2014, Thursday

Capital inflows no cause for alarm

CHINA will be able to withstand pressure from foreign capital inflows in the second half of this year as the economy recovers, the country’s foreign exchange watchdog said yesterday. Improving market ...

July 24, 2014, Thursday


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