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  • August 20, 2014
  • Last updated: 10:10pm
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  1. Business - Banking & Finance

    Regulation delay puts foreign banks in a spot in Shanghai free-trade zone

    Posted Jan 14th 2014, 08:51am by Jeanny Yu; George Chen

    ... attract those clients. Early last month, the People's Bank of China announced a so-called reform guidance to support the free-trade zone. The central bank proposed to run some pilot steps ... vice-mayor who is heading the free-trade zone's administrative committee, said about 1,400 companies had registered in the zone. However, only 38 were foreign firms. "For the zone, the only ...

  2. Business - Banking & Finance - BANKING

    Shanghai allows city-owned firm to buy bad loans from local banks

    Posted Mar 07th 2014, 02:40pm by Reuters

    ... State-owned Assets already owns equity in local banks, including Bank of Shanghai and Shanghai Rural Commercial Bank, and Guotai Junan Securities. The central government established four national ...

  3. Business - China Business - ART

    Chinese art buyers help Christie's to record sales year

    Posted Jan 22nd 2014, 05:02pm by George Chen

    ... house to win special permission from the central government to launch its wholly owned subsidiary on the mainland last April. In September, it held an auction in Shanghai, the first to be run ...

  4. News - China - LOCAL GOVERNMENT

    New Shanghai mayor vows to treat city's problems as 'a citizen'

    Posted Feb 03rd 2013, 12:00am by Daniel Ren

    ... raised eyebrows given his absence from both the party's new Central Committee and the city's party standing committee. The other provincial chief without Central Committee or local party standing committee credentials is the new Sichuan governor, Wei Hong. Meanwhile, all 31 provincial-level municipalities and provinces have completed reshuffles before next month's ...

  5. Business - China Business - MR. SHANGKONG

    Faith can go on its merry way, but get the festive spirit and shop

    Posted Dec 23rd 2013, 04:47am by George Chen

    ... in Shanghai, the local branch of the powerful Central Commission for Discipline Inspection of the Communist Party, the mainland's top internal anti-graft agency, has issued an order to all ...

  6. News - China - ECONOMY

    Shanghai booster Fang Xinghai lands Beijing financial advisory role

    Posted Jun 18th 2013, 12:00am by George Chen

    ... at the Office of the Central Leading Group for Financial and Economic Affairs, sources close to the leadership said. The team worked for the central committee of the Communist Party and was in charge ... and advising on key economic decisions and drafting the working agenda of the Central Economic Work Conference, the most important annual economic policy meeting in the country. While Fang's ...

  7. News - China - YANGTZE BRIEFING

    Shanghai government looks to its own officials for new ideas to ease slump

    Posted May 18th 2013, 12:00am by Alice Yan

    ... of the party's Central Committee, that Shanghai could not progress without reform and innovation. "Our country has made glorious achievements over the past three decades because of reform ... ideas but may not achieve their objectives- so long as their efforts are made in good faith and don't lead to windfall gains for those officials. The standing committee of the Shanghai ...

  8. Business - Banking & Finance

    Shanghai free-trade zone may be extended to cover Pudong

    Posted Sep 05th 2013, 12:00am by George Chen

    ... George Chen in Shanghai george.chen@scmp.com Central government plans to first focus on specific areas for the scheme amid concern about financial industry risks and hot money inflows Free-trade zone may take in all of Pudong The central government may eventually expand its proposed Hong Kong-like free-trade zone in Shanghai to cover the entire Pudong district, government sources ...

  9. News - China - ECONOMY

    Shanghai vice mayor Ai Baojun to head up free-trade zone later this month

    Posted Sep 03rd 2013, 12:00am by George Chen

    ... China Morning Post that it will launch on September 27, when senior central government officials will fly to the city to attend a ceremony planned to mark the occasion. Ai Baojun, currently ...

  10. Business - Banking & Finance - MR. SHANGKONG

    Hong Kong need not fret too much, for now, about northern pretender

    Posted Aug 05th 2013, 12:00am by George Chen

    ... the future of Shanghai after the free-trade zone plan, the first one approved by the central government for a mainland city. First of all, I'm surprised to see how slowly the plan is being put into effect. My government sources told me Beijing was forced to delay the announcement of new rules for the zone as government lawyers attempted to close some potential legal loopholes . The central ...




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