Mainland banks have been actively seeking listings in Hong Kong as a greeting to an open banking sector in China. How does this change the outlook of China’s banking sector and Hong Kong? Hong Kong’s Bauhinia Magazine reported.

Compared with developed countries, China lacks the infrastructure necessary to process bank cards, which limits the development of the domestic bank card industry. Vice-president of the People’s Bank, Su Ning, told China Securities Journal that commercial banks have to encourage customers to use bank cards to stimulate consumption as well as facilitate the development of the banking sector.

Savills Shanghai announced in a statement their involvement as the buyer’s agent in the offshore turn-key transaction of Hopson International Tower in Shanghai, China, for 2.38 billion yuan (300 million US dollars).

China’s series of macro controls to tighten control over the real estate market does not seem to be reducing the amount of real estate development loans. The Economic Information Daily investigated why.

Tightened macro controls over the residential property market have dimmed prospects in this field and this has led to new targets for foreign investment. Economic Information Daily investigated how retail outlets in Beijing have become the preferred investment vehicles.