Tuesday, December 1, 2020
Tags Shanghai

Tag: Shanghai

Shanghai Flags Launch of Digital Renminbi Trials

The Chinese financial hub of Shanghai is set to join the list of cities where trials of China's central bank digital currency...

Digital Renminbi on Track for Trade Finance Trials in Shanghai, Experts Forecast Boost to International Usage

The Chinese central bank digital currency (CBDC) is set for new trade-related application trials in the financial centre of Shanghai following the...

Beijing, Shanghai and Guangdong Province Home to 70% of China’s Top Internet Firms

A new report has found that China's digital and Internet economy remains heavily concentrated in giant urban centres of Beijing, Shanghai and...

Ctrip Obtains Payments License via Acquisition of State-owned Propaganda Firm in Shanghai

Online travel booker Trip.com Group Limited (formerly Ctrip.com) has just obtained full ownership of a fintech vehicle previously held by the propaganda...

Bank of China and Shanghai Government Enter Strategic Cooperative Agreement

Big state-owned lender Bank of China (BOC) has just entered a new strategic agreement with the municipal government of Shanghai.

Shanghai Will Continue to Open Capital Account: Chinese Central Bank

A senior official from the People's Bank of China (PBOC) has flagged further opening of the capital account the Chinese financial hub...

Is China’s National Security Law the Nail in the Coffin for Hong Kong as Global Financial Hub?

China's recent mooting of a national security law in response to more than a year of intense civil unrest in Hong Kong...

First Quarter Disposable Incomes in China Drop 3.9% YoY in Real Terms Following COVID-19 Outbreak

Official data indicates that disposable incomes in China saw a sizeable decline in the first quarter amidst efforts to contain the spread...

Shanghai Emerges as World’s Leading IPO Destination in the First Quarter of 2020

Shanghai took first place internationally in terms of the collective value of the initial public offerings (IPO) it hosted in the first...

China Aims to Transform Shanghai into International Finance Centre, Key Trials to Take Place in Lingang New Area

The Chinese government has issued a new directive calling for the acceleration of Shanghai's transformation into an international financial hub, with an...

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China Eclipses US as Leading Overseas Market for Asia-Pacific Companies: HSBC Survey

A survey from HSBC indicates that China has edged out the US as the biggest foreign market for firms located in the...

Strategist Advises Investors to Raise Chinese Portfolio Allocations to 20% in Preparation for “New World Order”

A Singapore-based investment strategist recommends lifting Chinese assets to around 20% of portfolios during the course of the 2020's, in order to...

State-owned Bond Defaulter Owes USD$5.1 Billion to Chinese and Foreign Creditors

A state-owned automaker who defaulted on a 1 billion yuan bond in October owes many billions more to multiple creditors in China...

Meituan Posts 364.6% Profit Growth in Third Quarter of 2020

Online shopping giant Meituan-Dianping has posted a strong performance in the third quarter of 2020 as China's economy continues to convalesce from...