As a pioneer in Internet-based financing, the top priority for Hezhong Yunchuang Investment Management Co in Zhejiang province is service to individual investors and small local businesses, said its top executive.
Residents of Shanghai will be permitted to open individual free trade accounts for direct outbound investment within the China (Shanghai) Pilot Free Trade Zone, the Financial Times newspaper said on Monday, quoting Shanghai Party chief Han Zheng.
The Shanghai-Hong Kong Stock Connect program, which began with much fanfare on Monday, is widely expected to boost demand for the renminbi in Hong Kong and, as a result, the size and influence of the offshore market.
Although the flow of investment under the Shanghai-Hong Kong Stock Connect program is expected to help close the price gaps between Hong Kong-listed H shares and Shanghai-listed A shares in mainland enterprises, analysts remain confident there will still be arbitrage opportunities aplenty.
The start of the Shanghai-Hong Kong Stock Connect on Monday represents a major step forward for China's capital markets, allowing for the first time cross-border trading via the Hong Kong Exchange and Shanghai Exchange Mutual Market Access link.
Auto| Huw Andrews
Buyers of distressed loans are watching China's property market closely as debt soars and growth falters.
Almost every year for more than a decade, tour group operator Carson Zhang guided a delegation of about two dozen Chinese government officials from Guangdong province's forestry administration for a two-week trip through the national parks of California, Tennessee and Georgia in the United States.
China's metals industry is grappling with tougher credit conditions that are likely to persist and spark consolidation after a financing scandal at Qingdao port roiled the market, said an executive at one of the world's biggest commodity traders.
China's planned 12 billion yuan ($1.96 billion) sovereign dim sum bond sale looks set to be as strong as the pace at which global finance hubs are adopting the yuan.
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