Shanghai Finance

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Fiscal stimulus to help achieve economic goals

China has signaled more economic stimulus measures in the near term. The world’s second-largest economy will aim to achieve “a good start” in the first quarter, the National Development and Reform Commission ...

January 16,2019

Foreign investment in capital markets made easier

China's foreign exchange regulator said yesterday that the quota for the Qualified Foreign Institutional Investors program will be doubled to US$300 billion. The move, approved by the State Council comes ...

January 15,2019

Yuan surges to hit decade high against dollar

The yuan strengthened to its strongest against the greenback in more than a decade on Friday. Investors and analysts say the US Federal Reserve’s cautious stance on monetary tightening and market optimism ...

January 14,2019

City tax breaks to boost private sector

Shanghai is cutting annual taxes on cars, vessels and corporate land by about 4 billion yuan (US$580 million) this year. Mayor Ying Yong led a meeting of the city government Monday to discuss 27 options ...

January 09,2019

World Bank President Kim to step down on Febuary 1

World Bank Group President Jim Yong Kim announced on Monday that he will be stepping down from his position after more than six years at the international lending institution. World Bank CEO Kristalina ...

January 08,2019

Telecoms lead market slide

Shanghai stocks fell yesterday, led by declines of telecommunication and consumer shares as investor sentiment remained weak. The Shanghai Composite Index edged down 0.26 percent to close at 2,498.29 ...

December 27,2018

Nomura sees further RRR cuts through 2019

NOMURA expects China’s central bank to cut the reserve requirement ratio a total 250 basis points next year, with the first cut likely come in January as market demand for liquidity is estimated to surge ...

December 25,2018

Shanghai banks at forefront of reforms

Shanghai's banks have been at the very forefront of China’s reform and opening up, making innovative financial products and lending great support to the country’s economic development over the past four ...

December 24,2018

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Hong Kong students visit Shanghai Financial Service Office