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Insurance companies post adequate solvency ratio in Q2

China’s insurance companies posted adequate solvency ratios in the second quarter, with over three fifths seeing a drop in the ratio quarter over quarter, the latest industry data shows. So far, a total ...

August 14,2018

Yuan-US dollar central parity rate ends one-year lows

The central parity rate of the Chinese yuan against the US dollar was 6.8431 on Tuesday, advancing by 82 basis points and ended the lows recorded in more than one year. This reversed the currency’s downward ...

August 09,2018

Chinese equities market slips out of world No.2 spot

China’s equities markets saw extended declines on Friday after two days of big losses. The Shanghai Composite Index shed 1 percent, or 27.58 points, to finish at 2,740.44, although coal mining and processing ...

August 06,2018

Huangpu moves to lure foreign ventures to Bund

Huangpu District yesterday released a bundle of 12 policies to attract foreign financial firms to the Bund, the city's century-old financial hub. The strategy includes providing "bespoke" services to ...

August 03,2018

Markets dragged down by realty sector

China’s equities markets were hit by their biggest falls in a month yesterday. The Shanghai Composite Index shed 1.80 percent, or 51.87 points, after early gains to close at 2824.53. The Shenzhen Component ...

August 02,2018

Paying tax just got easier

Shanghai companies can now authorize their bank in just two minutes online to pay tax directly from their accounts, replacing a process that took up to two days and at least one personal visit to the ...

August 01,2018