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Stock bourse listing can accelerate reform and opening up

Business | Securities
2009-5-18

SHANGHAI'S rise as a financial hub plays a key role in China's opening up and the listing of the Shanghai Stock Exchange can accelerate progress, said a key banking regulatory advisor. "The stock bourse plays...

Quick development

Business | Insurance
2009-5-18

CHINA will speed up the development of re-insurance, shipping insurance and individual pensions in Shanghai to shore up the city's financial hub status, said the vice chairman of the China Insurance Regulatory Commission....

Bank of Communications Diversification the key

Business | Banking
2009-5-18

BANK of Communications plans to further diversify its businesses and offer bigger credit support to air carriers and shipping companies as it hopes to play a larger role in Shanghai's development into a financial...

Baosteel Group Corp Structural problems

Business | Metallurgical industry
2009-5-18

CHINA'S steel industry may post a loss this year as oversupply persists, said Xu Lejiang, chairman of Baosteel Group Corp. Xu blamed severe structural problems in the industry, which had an annual production...

Deloitte China Expansion plan continues

Business | Accounting, auditing and taxation
2009-5-18

DELOITTE will continue its expansion in China despite the slowing economy, its China chief executive said in Shanghai. "Our current network of 11 offices is for sure not enough when we consider the huge China...

Futures trading rules to be tough

Business | Futures
2009-5-17

CHINA will introduce strict entry thresholds for investors in the country's first stock index futures to contain risk and prevent speculation, the head of China Financial Futures Exchange said yesterday. An investor...

City outlines steps to develop global financial center status

Business | Macro-economy and policy
2009-5-17

SHANGHAI will step up efforts to lure more talent, beef up development of its legal system and improve its credit database as part of efforts to develop a global financial center, Vice Mayor Tu Guangshao said yesterday. ...

Lenders to boost support to SMEs

Business | Macro-economy and policy
2009-5-17

CHINA has directed its national lenders to set up special subsidiaries to cater to small- and medium-sized enterprises and boost credit support to them, a senior banking regulator told the Lujiazui Forum yesterday. ...

BoCom plans to expand business scope

Business | Banking
2009-5-16

BANK of Communications plans to further diversify its businesses and offer bigger credit support to air carriers and shipping companies as it hopes to play a larger role in Shanghai's development of a financial hub,...

Vice Mayor outlines steps towards city's financial future

Business | Macro-economy and policy
2009-5-16

SHANGHAI will step up efforts to lure more talents, beef up construction of its legal system and improve its credit database to develop a global financial center, vice Mayor Tu Guangshao said today. The city will...