Shanghai Finance

News

Managed assets post slower rise

China’s asset management businesses expanded at a slower rate in the first nine months of the year amid tightened regulation, according to industry data. Assets under management totaled 54.09 trillion ...

September 20,2017

Sharing economy flourishing

AROUND 5.5 percent of China’s labor force work in the rapidly expanding sharing economy, according to a report from the top economic planner yesterday. The market value of the Internet-based sharing economy ...

September 19,2017

China's top 3 Bitcoin trading platforms to stop trading

The Bitcoin price plunged to break the line of 20,000 yuan (US$3,030) today as 25 percent drop in the past week, following all three top domestic Bitcoin trading platforms’ announcement to stop service ...

September 18,2017

Bitcoin platform to stop trading end-September

One of the biggest Bitcoin exchanges in China and the world announced yesterday that it would stop all trading at the end of this month following new Chinese government regulations clamping down on crypto-currencies. ...

September 15,2017

Driving SOE innovation

CHINA’S state assets regulator and the Ministry of Science and Technology signed a cooperation agreement yesterday to encourage innovation in centrally administered state-owned enterprises. The SOEs invested ...

September 14,2017

Chinese firms turn to financials for M&As

AFTER ports and industrial parks, the dealmakers leading China’s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe’s banks, insurers and asset managers ...

September 13,2017

PBOC cuts forex risk reserve ratio to zero

CHINA’S central bank has scrapped reserve requirements of 20 percent for financial institutions settling foreign exchange forward yuan positions, an official said yesterday. The foreign exchange risk ...

September 12,2017

Six public fund companies get approval for FOF

Six public fund companies got the approval to conduct Fund of Funds business from the China Securities Regulatory Commission last Friday. The China Securities Regulatory Commission released the first ...

September 11,2017

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