Shanghai Finance

News

Banks see steady development

SHANGHAI’S banking industry continued to develop and recorded improved asset quality on the whole, during the past year, according to a latest statement from the local banking regulator. As of the end ...

February 13,2018

China to start yuan-based crude oil futures

China will launch crude oil futures on March 26, as the world’s second largest economy moves to gain pricing power over commodities. After years of false starts, the crude futures contract will make its ...

February 12,2018

Chinese shares plummet in morning trading

China's major stock indices plunged in the morning session on Friday. The benchmark Shanghai Composite Index fell by 4.11 percent to end at 3,127.92 points, narrowing from the 5.79-percent slump in late-morning ...

February 09,2018

Lujiazui plans global asset platform

Lujiazui, the commercial and financial center of Shanghai, plans to set up the Global Asset Management Association of Lujiazui in the first half of this year. More than 60 global asset-management institutions, ...

February 08,2018

China plans to stamp out all crypto trading

China plans to stamp out all remaining cryptocurrency trading in the country by blocking access to overseas-based websites and removing related applications from app stores. The moves were outlined in ...

February 07,2018

SME Confidence Index shows slowing growth in January

Growth for small and medium Chinese enterprises slowed in January, Standard Chartered said, adding that they are slated to face more obstacles in the near future. The Small and Medium Enterprise Confidence ...

February 06,2018

CBRC fines 19 banks in loan fraud case

China’s banking regulator has imposed a fine of 52.5 million yuan (US$8.33 million) on 19 banking institutions involved in a pledge loan fraud case in Shaanxi and Henan provinces. These lenders, including ...

February 05,2018

China's central bank skips open market operations

China's central bank skipped open market operations Wednesday to maintain stable liquidity in the banking system. The suspension was made in order to offset the influence from factors such as the use ...

February 01,2018

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