Finance


Shanghai shares hit 2-year high, HK at new record

Shanghai shares rose to a two-year high yesterday when Hong Kong stocks climbed to a fresh record as investors tracked another milestone on Wall Street, but Asia-wide markets struggled to keep up the recent...

January 19, 2018, Friday


China cuts US debt holdings

China cuts its holdings of US Treasury securities in November, after adding US$8.4 billion in October....

January 19, 2018, Friday


PPDai to invest in research institute

PPDai, China’s first online P2P (peer-to-peer) lending platform listed in the US market, said yesterday that it will invest 1 billion yuan (US$156 million) within three years to set up ...

January 19, 2018, Friday


Cross-border capital flow seen balanced

China saw more balanced cross-border capital flow in 2017 as willingness to purchase the greenback waned thanks to rising confidence in the yuan and the domestic economy. Chinese banks’ net forex settlement ...

January 19, 2018, Friday


Foreign banks see assets gain 13% in 2017

The assets of foreign banks in Shanghai saw year-on-year growth of 13 percent in 2017, while their bad-loan ratio stood below the industry’s average, the banking regulator said yesterday....

January 18, 2018, Thursday


Wall Street on a roll since Trump elected president

The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever....

January 18, 2018, Thursday


Shanghai stocks hit new high as HK breaks record

HONG Kong stocks hit an all-time high yesterday, breaking a record that had been in place for more than 10 years, while the Shanghai Composite Index ended higher for a second day, refreshing a two-month ...

January 18, 2018, Thursday


Germany adds yuan to reserves

Germany’s central bank has said it will include the Chinese yuan in its reserves, giving another boost to China’s drive to internationalize the currency....

January 17, 2018, Wednesday


ODI falls but rational sentiment wins

China’s non-financial outbound direct investment dropped nearly 30 percent in 2017 from a year ago but the decline signaled a ...

January 17, 2018, Wednesday


HKEx ponders rule change

Two bull statues are situated outside the Hong Kong stock exchange building in the city. Hong Kong Exchanges & Clearing Chief Executive Charles Li said yesterday that HKEx is preparing for a market consultation, expected to start after the Spring Festival, on a rule change, which will allow biotechnology companies without revenue and other new-economy companies with dual-class shares to list in Hong Kong in the second half of this year. After the consultation is completed, HKEx plans to announce the new rules in early June and start to accept applications for listing from new-economy companies by the end of the month, Li said. ...

January 17, 2018, Wednesday




 

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