Shanghai Finance


Shorter negative list for investment

WITH a shorter negative list for foreign investment, China has made a further step in opening up its vast market. A revised guidance catalog for foreign investment in China will soon come into force, ...

May 27,2017

Chinese banks join global payment format

AN additional 11 Chinese commercial banks have joined a global payments innovation (gpi) initiative to offer faster, more transparent and traceable cross-border payments for Chinese companies. The initiative ...

May 26,2017

Consumer confidence climbs in Q1

CHINA’S consumer confidence climbed to the highest level in two years, edging up 2 points from a quarter earlier to 110 points at the end of the first quarter, Nielsen said in a report yesterday. The ...

May 25,2017

Interbank wealth products’ value soars

CHINA’S interbank wealth-management products nearly doubled to 5.99 trillion yuan (US$870 billion) last year which lifted the total value of such products over 20 percent to 29.1 trillion yuan by 2016, ...

May 24,2017

Finance applications see surging popularity

CHINA’S downloads of finance application surged 230 percent in the past three years until 2016, representing fast growing of mobile finance and Fintech sectors and disrupted finance eco-system in the ...

May 22,2017

Shanghai to enhance leasing oversight

SHANGHAI will further regulate illegal fundraising operations and cross-border transactions through leasing companies amid the national crackdown on financial risks, the city government said yesterday. ...

May 19,2017

Bilateral US-China FDI at record high

FOREIGN direct investment between the US and China surpassed US$60 billion in 2016, a historic high, said a report jointly released by the Rhodium Group and the National Committee on US-China Relations ...

May 18,2017

Shanghai aims to spur foreign trade

SHANGHAI aims to nurture foreign trade by channeling greater support for trading companies and local brands. Targeted services and incentives will be offered to 100 biggest foreign trading firms, 100 ...

May 17,2017

PBOC forms committee for fintech

THE People’s Bank of China said yesterday that it has set up a fintech committee to enhance research, planning and coordination of work on financial technology. In order to make strategic plans and provide ...

May 16,2017


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