Shanghai Finance

News

Cash to help listed firms get through tough times

A bailout fund of 10 billion yuan (US$1.44 billion) for listed private enterprises in Shanghai will be fully established by the end of this month, according to the city’s State-owned Assets Supervision ...

November 16,2018

China to support bond issuance for private firms

China will step up efforts to facilitate bond issuance for private companies, the country's top economic planner said Thursday. To ease private firms' financing difficulties, the country will make it ...

November 15,2018

Petrochemical shares are badly oiled

Shares fell yesterday on the back of lower petroleum and petrochemical shares which were hit by the slump in oil prices. The Shanghai Composite Index tumbled 0.85 percent to close at 2,632.24 points. ...

November 15,2018

China to encourage import goods sales

China will continue to encourage new means of import goods sales such as those through online channels to boost domestic consumption, according to the Ministry of Commerce. It is working with relevant ...

November 08,2018

Science-tech board for SSE to be launched

Chinese President Xi Jinping announced the setting up of a new board on the Shanghai Stock Exchange for science and technology innovation on Monday. The board will support the city’s development as an ...

November 07,2018

Manufacturing data nudges stocks higher

Shanghai stocks eked out small gains Thursday, lifted by data showing modest manufacturing expansion. The Shanghai Composite Index edged up 0.13 percent to close at 2,606.24 points. Sentiment was boosted ...

November 02,2018

Early investors celebrate as bitcoin turns 10

Seven years ago, Marshall Hayner gave his grandfather 1 bitcoin, worth about US$30. On the paper wallet he fashioned to commemorate the gift, the US entrepreneur and software developer wrote: “Do not ...

November 01,2018

Stocks up as regulator moves to aid market

Shanghai stocks closed up Tuesday with market sentiment buoyed by an announcement by China’s securities regulator that it would guide more medium- and long-term capital into the market. The Shanghai Composite ...

October 31,2018

Imposing rule of law on financial practices

The new Shanghai Financial Court heard its first case recently. The plaintiff, Shanghai-based Orient Securities, claimed that Beijing Honggao Zhongtai Investment Co pledged its shares as collateral in ...

October 30,2018

China, Japan sign currency swap deal

China's central bank said Friday that it has inked a bilateral currency swap agreement with its counterpart in Japan. The agreement will allow the two sides to swap a total of 200 billion yuan (US$28.78 ...

October 29,2018