Category: Shanghai News

Ottawa poised to run PPE flight out of China every day

Ottawa is getting ready to run one flight of medical supplies out of China every day, a parliamentary committee on government operations was told on Friday. In total, more than 10 flights have now ……


Lesbian couple’s custody case takes China into uncharted legal waters

The couple’s case has stirred debate over LGBTQ rights and put a spotlight on a legal vacuum created by the absence of a same-sex marriage law….


Explainer: How China’s retail investor army got burned by the shock oil collapse

China’s retail investors take punts on everything from mainstream stocks to niche commodities and derivatives, and many were badly burned this week by exposure to U.S. oil contracts which collapsed ……


China’s Shanghai, Dalian commodity exchanges to resume night trading from May 6

China’s Shanghai Futures Exchange and Dalian Commodity Exchange will resume night trading of futures and options contract from May 6, the bourses said on Friday….


Coronavirus Thwarts Vulture Funds’ Efforts to Finally Crack China

Vulture funds cheering freer access to China’s $1.5 trillion in bad debt have flown straight into a knotty market complicated by coronavirus restrictions, at a time when similar curbs are serving up ……


China promises subsidies to boost falling electric car sales

First-quarter sales plunged more than 50% from a year earlier after China shut down most of its economy to fight the virus. Subsidies will be limited to vehicles with a sticker price below 300,000 ……


Tesla raises China-made Model 3 prices after EV subsidies cut

U.S. electric vehicle maker Tesla Inc raised prices for two China-made model 3 variants after authorities cut subsidies in the world’s biggest auto market….


China Cuts Another Policy Rate, Replaces Some Maturing Loans

China’s central bank rolled over some of the targeted funds due Friday while cutting interest rates on the loans, the latest in a string of measures aimed at ensuring sufficient liquidity….


China central bank cuts interest rate on TMLF by 20 basis points

China’s central bank cut the interest rate on its targeted medium-term lending facility (TMLF) on Friday, following similar reductions to borrowing costs on other liquidity tools in the past few weeks ……


China Central Bank Yet to Conduct Open Market Operations on Friday: Traders

Traders told Reuters that the central bank will roll over the TMLF on Friday. Markets widely expect the People’s Bank of China (PBOC) to lower the interest rate on the TMLF loans. A PBOC statement is ……