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Leader of the pack in economic reforms
SHANGHAI has long been at the vanguard of China’s reforms. It is not relinquishing that leadership role as the nation advances market liberalization and the embrace of new technologies. During the annual ...
March 16, 2017, Thursday
Nationwide reform plan to lower electricity bills
CHINA will expand its power-pricing reform nationwide in 2017 following a two-year pilot period in several regions to open the electricity industry, an official said yesterday. The power transmission ...
March 30, 2016, Wednesday
Allianz sees wider prospects as market opens
This has been a good year so far for insurance companies, with industry-wide profit doubling in the first half, thanks to the stock market rally....
August 10, 2015, Monday
Where will they go next? UBS looks at trends in Chinese tourism
The number of outbound Chinese tourists has doubled over the past five years from 57.4 million to 116.6 million in 2014....
August 10, 2015, Monday
Peer-to-peer lending also comes under the regulatory thumb
Two days after the central bank imposed strict new rules on the booming Internet finance industry, peer-to-peer lender CreditEase took out a front-page advertisement in People’s Daily to assure consumers...
August 10, 2015, Monday
Internet finance braces for regulatory controls
New draft rules regulating third-party online payment systems have stirred heated public discussion, with detractors fearing they will throw a monkey wrench into the booming Internet finance industry....
August 10, 2015, Monday
Margin trading cops major blame for market crash
Alarmed by a stock market crash that has wiped about 30 percent off the value of the Shanghai Composite Index in three weeks, Chinese authorities have scrambled to step up rescue efforts....
July 6, 2015, Monday
Reform of IPOs goes on back burner amid market turmoil
China’s attempts to revamp its much-vilified system of initial public offerings suffered another setback amid a stock market crash that has resulted in a renewed halt to IPOs....
July 6, 2015, Monday
Globalization of the yuan picks up momentum
The People’s Bank of China, in a report released last month, used the term “yuan internationalization” for the first time to describe its six years of efforts in promoting global use of the currency....
July 6, 2015, Monday
OCBC China taps prospects in deregulation
China’s persistent efforts to encourage cross-border use of the yuan and overseas expansion by local companies have offered foreign banks in China a silver lining in the cloud currently hanging over the...
July 6, 2015, Monday
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