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Shanghai's 5-year reform plan for firms

Business | Macro-economy and policy
2009-8-14

SHANGHAI unveiled a five-year plan to reform its locally-based state-owned financial companies to turn them into leading nationwide enterprises as the city aggressively transforms itself into a global financial hub...

Incentives benefit 39 credit companies

Business
2009-8-11

SHANGHAI has approved the set-up of 39 small-credit companies by the end of July as authorities granted subsidies and rent discounts to encourage their establishment in an effort to boost small business. Among...

Award offers expats lower taxes

Business | Jobs/human resources
2009-6-26

SHANGHAI will launch a "financial talent award" soon to make the city more attractive to foreign financial specialists, said Fang Xinghai, director of the Shanghai Financial Services Office, yesterday. The award...

Plans to lift small loan firms, businesses

Business | Banking
2009-2-13

SHANGHAI is drafting guidelines on ways to help small businesses and is also setting up an industry association which will back the interests of small-credit companies, the city's financial office said yesterday. ...

Shanghai to launch plan to use yuan for foreign trading

Business | Foreign trade
2009-1-23

SHANGHAI is set to be among the first to implement a pilot program to settle overseas trade using the Chinese RMB yuan to consolidate its international financial hub position, the Shanghai Financial Services Office...

Next up: offshore financial hub

Business | Macro-economy and policy
2008-11-26

SHANGHAI will develop offshore financial business as part of moves to attract highly qualified financial talents, the city's financial services office said yesterday. The city plans to develop offshore banking...

Joint hiring drive to snare Wall Street and City talents

Business | Banking
2008-11-21

FINANCIAL institutions in Shanghai will conduct a joint recruitment drive next month on Wall Street and in the City of London to take advantage of the global financial tsunami which has presented an opportunity to...

District lenders launch aid for SMEs

Business | Securities
2008-11-11

SHANGHAI'S first small-sum loan companies have launched operations, the Shanghai Financial Services Office said yesterday. Financial authorities will also step up the opening of similar firms and endeavor to establish...

City set to rival HK

Business | Macro-economy and policy
2004-9-14

SHANGHAI'S financial industry is expected to rival Hong Kong as a financial center by 2050, an official with Shanghai Financial Services Office said yesterday. This will happen after the mainland further opens the sector in line with its Closer Economic Partnership Arrangement and World Trade Organization commitments.