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Pudong looking hard for financial talent

Metro | Jobs/human resources
2009-11-3

PUDONG New Area's Lujiazui Financial Center is combing six Chinese cities in search of talented financial postgraduates. It's the largest such recruitment drive since Shanghai staked plans to become a global...

GMAC discusses third aid batch from Treasury

Business | Macro-economy and policy
2009-10-29

GMAC Financial Services is in talks with the United States Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the US$11.5 billion capital cushion mandated...

Capmark files for bankruptcy

Business | Real estate
2009-10-27

CAPMARK Financial Group, one of the largest United States commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt, becoming the latest casualty in the still turbulent US real estate...

Shanghai eyes free exchange of yuan and New Taiwan dollar

Business | Macro-economy and policy
2009-10-26

SHANGHAI has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said yesterday. "With...

Mirae signs joint-venture contract

Business | Asset management/M&A
2009-9-23

MIRAE Asset Financial Group, South Korea's largest mutual fund manager, has signed a contract with two Chinese firms to establish a joint venture in China. Mirae will invest 25 million yuan (US$3.65 million) in...

Obama seeks to reassure G20 on financial reforms

World
2009-9-19

US President Barack Obama, vowed today to work with fellow G20 leaders next week to close gaps in financial regulations and insisted reckless schemes that yield "fat executive bonuses" could no longer be tolerated....

City ranked third in the world

Business | Macro-economy and policy
2009-9-9

SHANGHAI shows great potential to become the world's financial and shipping center and its competitiveness as a double center is ranked third, after New York and London, in research by a non-government organization...

Tall tale as tower sets record

Metro | Hotel and tourism
2009-8-28

THE Shanghai World Financial Center celebrated its first anniversary with a unique birthday gift as its Observatory earned a Guinness World Record for being the highest observation deck in the world. The observation...

Train maker's Shanghai IPO gets a green light

Business | Logistics
2009-8-22

CHINA CNR Corporation Limited, one of the country's top two train makers, has got the regulatory approval to proceed with its initial public offering (IPO) in Shanghai, the securities regulator said in a statement...

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...