Category: Shanghai News

Financials nudge China shares higher but inflation data caps gains

Financial shares rise on hopes for profit improvements * China factory gate prices fall more than expected in Sept SHANGHAI, Oct 15 (Reuters) – China shares ticked higher on Thursday, lifted by ……


China cbank injects 500 bln yuan of medium-term loans, rates unchanged for 6th month

China’s central bank on Thursday injected 500 billion yuan ($74.48 billion) worth of medium-term loans into the banking system and kept borrowing costs unchanged for the sixth straight month….


Mainland China reports 11 new COVID-19 cases versus 20 a day earlier

Mainland China reported 11 new COVID-19 cases on Oct. 14, down from 20 a day earlier, the country’s health authority said on Thursday….


Exclusive: Trump administration to consider adding China’s Ant Group to trade blacklist – sources

The U.S. State Department has submitted a proposal for the Trump administration to add China’s Ant Group to a trade blacklist, according to two people familiar with the matter, before the financial ……


China’s main stock markets hit combined record high of $10.08tn

China’s stock market has soared to a record high of more than $10tn as the world’s second-largest economy continues a rapid bounceback from the coronavirus pandemic. The total value of all company ……


Documentary on prominent Chinese poet opens in Shanghai

The film was previously nominated for the official selection of the Golden Goblet Awards at the 23rd Shanghai International … for the permission to teach in China in the 1970s….


China stocks end lower on property sector woes, profit-taking

China shares ended lower on Wednesday, with property firms among the biggest laggards, on mounting pressure for raising cash under the government’s n ……


Westpac to Cut More Than 150 Jobs as Bank Exits China, India

Westpac Banking Corp. is cutting more than 150 jobs as Australia’s second-largest lender consolidates its international operations, according to people familiar with the matter….


Hong Kong and China stocks follow Wall Street’s drop after another setback in Covid-19 vaccine trials, stimulus spat

Hong Kong’s benchmark stock index slipped as trading resumed after a one-day suspension to make way for an approaching tropical storm, taking the cues from declines in the China markets and an ……


China Stocks Drift Short of 5-Year High as Xi Backs Shenzhen

Chinese stocks drifted within 1% of a 5-year high as Xi Jinping laid out his vision for Shenzhen and the Greater Bay area….