Tag Archives: Shanghai

Online finance has boomed in China over the last year and a half. It started with mutual funds accessible to average citizens, offered by Alibaba, Baidu, and Tencent. Then, a surge in peer-to-peer lending took hold because – like the mutual funds – they also lowered the barrier for individuals to secure personal loans in China. And now a new …

Asian stocks rose this week, sending the regional benchmark index to its longest-ever streak of weekly gains, as U.S. economic reports and signs of policy easing in China buoyed the outlook for Asian earnings. Shui On Land Ltd. (272) led Chinese developers higher on speculation more cities will attempt to lower restrictions on the property market amid signs the economy …

The country’s biggest port builder sells 1.35 billion shares at Rmb5.4 each, the higher end of the price range. China Communications Construction (CCC), the country’s biggest port builder, raised Rmb5 billion ($793 million) on Thursday after offering shares at the top end of the indicated price range. The company had to cut the size of the offering by as much …

SHANGHAI saw foreign direct investment grow last month because foreign investors were still attracted to the city’s economy and its pro-business environment. A total of US$1.5 billion in contracted foreign investment landed in the city in January, an annual jump of 12.5 percent, according to the Shanghai Statistics Bureau. But it was slower than last year’s average of 31.3 percent …