Finance

Finance

SPDB branch in Chengdu fined US$72m

China's top banking regulator has fined a Chengdu branch of Shanghai Pudong Development Bank 462 million yuan (US$72.19 million) for offering huge credit to bogus firms
Finance

Shanghai stocks continue the weekly rally on upbeat investor sentiment

Shanghai stocks have grown for four consecutive days in the past week to notch a one-month rally amid upbeat economic outlook.
Finance

Shanghai shares close at two-year high

Shanghai stocks rose to a two-year high yesterday as the banking, insurance and liquor sectors led the gains.
Finance

Shanghai shares hit two-month high

Shanghai stocks closed at a two-month high yesterday after market sentiment was bolstered by the central bank's fund injection.
Finance

Foreign banks in Shanghai see sound development in 2017

Assets of foreign banks in the city saw annual growth of 13 percent in 2017, while their bad loan ratio was lower than the average level, local regulators said.
Finance

Regulators cast shadow over dubious loans

Regulators have proposed a slew of new regulations to fend off risk in the financial industry. After going through "the toughest year" in 2017, where are banks heading for in 2018?  
Finance

Realty, brewer shares boost key index

Real estate companies and brewers boosted Shanghai shares yesterday as investors were buoyed by new property policies and investments in brewers.
Finance

Shanghai stocks end 11-day rally

Shanghai stocks ended an 11-day rally as investors took profit among steel and coal industries, which offset surges in banks and oil companies.
Finance

Bidding farewell to the heyday of whopping returns, rampant risks

The central bank drafted a new policy prohibiting managers in the 60 trillion yuan asset management market from promising investors guaranteed rate of return. What will come next?
Finance

China to enhance scrutiny on banks

China will step up oversight in the banking sector this year to reduce financial risks, the banking regulator said
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