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Shanghai bourse unveils draft delisting proposal
China’s Shanghai Stock Exchange on Sunday announced a draft proposal for improving its delisting rules in a bid to protect investors and promote the healthy development of the stock market.
Adjustments in the proposal include enriching...
Hong Kong shares suffer fourth straight loss
Hong Kong shares kicked off the second quarter with a fourth-straight loss on Monday, dragged by further weakness in Sun Hung Kai Properties as funds rolled out of the property giant after its billionaire owners were arrested.
Citi sells Shanghai bank stake for $349M gain
Citigroup Inc. has sold its 2.71 percent stake in Shanghai Pudong Development Bank for an after-tax gain of about $349 million, as the company maneuvers to build its own business in China.
Hong Kong and Shanghai shares down
Hong Kong and China shares declined on Monday, with financials and growth-sensitive sectors weak after Beijing announced its lowest annual growth target in eight years, sparking concerns that Chinese demand will slow.
China Markets Rise, Shanghai Index Up 0.27%
The Shanghai Composite Index rose 0.27 percent or 6.42 points to close at 2,363.60 points today on transaction value of 82.31 billion yuan.
Shanghai vows to expand capital markets
Shanghai intends to expand greatly the size of its capital markets and open them more widely to foreign investors by 2015 as cornerstones in its strategy to become a global financial powerhouse.
Shanghai Slumps Amid Real-Estate Slowdown
Business has gotten so bad for Shanghai real-estate agent Zhen Wen he’s been forced to turn the lights out in his windowless office to save on electricity.
“We try to keep the lights and air conditioning switched off for as long...
Shanghai stock index down but new comers sizzle
Despite the fall in the index on Friday, gaining Shanghai A shares outnumbered losers by 473 to 374, while turnover fell to 101 billion yuan from an already moderate 123 billion yuan on Thursday, indicating investors focused on small-cap shares.
Shenzhen...
