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Shanghai shines as international financial center in past decade, eyes greater roles in China s new devt phase

Shanghai shines as international financial center in past decade, eyes greater roles in China s new devt phase
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Shanghai shines as intl financial center in past decade, eyes greater roles in China s new devt phase

From attracting global financial institutions to surging financial transaction volumes and the expansion of the nation s financial infrastructure, Shanghai has proved itself as a global financial center, officials said at a press conference on Tuesday afternoon about Shanghai s financial development over the past decade.

Henan police arrest 234 suspects in rural bank case, a major progress in recovering losses

More overseas fund management firms are entering Chinese market

A total of 37 fully overseas owned private equity fund management firms have now completed registration at the Asset Management Association of China, with the US-based Thornburg Investment registering as a the Qualified Domestic Limited Partnership (QDLP) in recent days, China Securities Journal reported on Friday.

Fed s 75 bps rate hike intensifies market fear of US recession

The US Federal Reserve on Wednesday US time moved to raise interest rates by a larger-than-usual 75 basis points (bps), making clear its intention to rein in runaway inflation, while intensifying market fear of a looming US recession that could have serious global implications.

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