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An open harbor that had no visa requirements for entry in the 1930s and 40s, Shanghai provided shelter to upwards of 20,000 Jews during World War II. The city was then also known as "Noah's Ark of the East".

Analysts said liquidity conditions will likely remain tight in China as the authorities will continue with a prudent monetary policy to curb financial risks and asset bubbles, which means the fundraising cost for domestic companies will stay at a relatively high level. They added that the expectation of a stronger yuan will also encourage more companies to raise dollar-denominated bonds in overseas markets.

And now the NYT’s official watchdog is weighing in, too.

And "there is no indication of threats and the situation is stable," an official from Iraq's Basra Oil Company told al-Arabiyah.

Analysts from Beijing-based China International Capital Corporation Limited, or CICC, wrote in a note that the northbound investment - funds coming from Hong Kong into the Chinese mainland bourses - has mainly targeted blue-chip A shares since March-end.