Daily archives: June 16th, 2016

FINTS EVENING HIGHLIGHTS (16 Jun 2016)

The State Council Information Office published a white paper on China’s Beitou Satellite Navigation Satellite System China will support the trial reforms of soybean and cotton target prices: MOF The average daily turnover in the…


Shanghai-Hong Kong Stock Connect (16 Jun 2016)

Northbound stock trade sees a net fund outflow of 580 million yuan The Shanghai – Hong Kong Stock Connect saw a net fund outflow of 580 million yuan for northbound trade on Thursday. The Shanghai…


Shanghai Disney’s grand opening today marks a new era of theme parks in China

Musical festivities kicked off the grand opening of Shanghai Disney, with custom arrangements of “Let it Go” by pianist Lang Lang, the debut of “Ignite the Dreamer Within” written especially for the opening, as well…


Ping An Securities plans to list in Hong Kong

Ping An Securities LLC, a subsidiary of the Shanghai and Hong Kong dual listed financial conglomerate Ping An Insurance Group, is planning to list in Hong Kong, the parent company said. In a statement on…


Private loans app asks college girls to provide nude pictures for usurious loans

Lately, college girls seeking usurious private loans on Jiedaibao, a mobile based P2P loan making platform, have been asked to provide nude pictures as collateral among other personal information, according to keen-eyed netizens recently. Jiedaibao,…


China Stock Market Roundup (16 Jun 2016)

China’s stock market closed lower on Thursday, with its benchmark indexes staying at the negative territory for most of the day. By the close, the Shanghai Composite Index lost 0.5%, at 2,872.82 points, while the…


Upcoming “Brexit” referendum triggers worries and concerns

In the heat of the recent “Brexit” debate and pent up dissatisfaction against the establishment, the UK will hold a referendum on June 23 to determine whether or not it would continue to stay in…


FINTS LUNCH TRAY (16 JUN 2016)

Didi Chuxing said it raised $7.3 billion in its latest round of funding, including $4.5 billion from new and existing investors Outstanding amount of margin financing in two exchanges as of June 15 increased 7.999…


RMB’s daily midpoint hits new low in over five year

China’s central bank set its daily currency “fix” for RMB’s trading band against the dollar at 6.6001 on Jun 15, weaker by 0.32% and hitting the lowest level since Jan 13, 2011, tracking a weaker…


Fed leaves interest rates unchanged in June

As widely expected, the Federal Reserve kept its interest rates unchanged on June 15 at the conclusion of this week’s two-day meeting. After the meeting, the Fed noted in a statement that economic data over the…


Amazon cut shipping rates in U.S. amid competition from Alibaba

Amazon is reducing fees for vendors who sell small and flat items that can fit in envelopes in a bid to contend for market shares owned by Alibaba, eBay and Wish that connect Chinese sellers…


FINTS MORNING BRIEF (16 Jun 2016)

The Federal Reserve is keeping interest rates unchanged in light of an uncertain job market, while offering no specifics about when its next rate hike might occur Shanghai Disneyland officially open to the public today…