Shanghai Finance

News

Funding costs for small firms to be eased

China will work to ease the financing strain and high funding costs for small companies amid continued efforts to cut costs in the real economy, the State Council decided at an executive meeting yesterday. ...

June 21,2018

China to raise income tax threshold

China is considering raising the personal income tax threshold to 5,000 yuan (US$772) per month — 60,000 yuan a year — from the current 3,500 yuan, according to a draft amendment. The draft was submitted ...

June 20,2018

PBOC vows to support Shanghai's development

Yi Gang, governor of the People’s Bank of China, yesterday said the central bank will support Shanghai as it opens up and reforms the financial sector. Speaking at the Lujiazui Forum, Yi said the central ...

June 15,2018

Forex reserves fall as dollar rallies

CHINA’S foreign exchange reserves fell slightly in May to its lowest in seven months as the US dollar rebounded strongly and regulators continued their efforts to increase cross-border use of the yuan. ...

June 12,2018

10 firms debut on China's "new third board"

China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board," saw the debut of 10 new small and medium-sized enterprises last week. With the newcomers, the total number ...

June 11,2018