Visitors to Shanghai from Malaysia can now save 9% on their purchases as the country has introduced its first Tax Free Shopping scheme for foreign visitors. From today, Global Blue, the world's leading Tax Free Shopping provider, has partnered with Bank of ... ( read original story ...)
Shanghai Pudong’s new $400m DF arrivals focus
Shanghai Pudong Airport Authority is to substantially enlarge its duty free arrivals retail space by 500sq m in Terminal 1 and by 800sq m in T2, with a brand new 500sq m arrivals store in the middle of the baggage collection hall. This is to reflect the ... ( read original story ...)
Don't crush me mum! Fei Fei nurtures her new arrival as Shanghai zoo welcomes their first new baby orangutan into the world
The patter of tiny feet has brought joy to staff at Shanghai Zoo, after they welcomed their first baby orangutan into the world. 24-year-old mother orangutan Fei Fei gave birth to the cute male cub at the end of last month. Incredible photographs show the ... ( read original story ...)
China may look at banks' cross-border yuan business in risk assessments: Caixin
SHANGHAI China's central bank is considering including cross-border yuan business into its assessment of macro-prudential risks in the country's financial system, online finance magazine Caixin reported on Saturday, citing unnamed regulatory sources. ( read original story ...)
National petrol and natural gas trading center opens in Shanghai
SHANGHAI - A national petrol and gas trading center opened for business in Shanghai on Saturday. Xu Shaoshi, chairman of the National Development and Reform Commission, said he wished to see China's three largest fuel providers -- Sinopec, CNPC and CNOOC ... ( read original story ...)
Hongkong and Shanghai Hotels plans on new Peninsula properties in London, Istanbul and Yangon
Hongkong and Shanghai Hotels (HSH), owner of the Peninsula hotel chain ... according to HSH chairman and business tycoon Michael Kadoorie. “The [hotels] that take up the most work are the most recent ones,” Kadoorie, who also chairs the power company ... ( read original story ...)
China c.bank warns against outflows via Shanghai FTZ disguised as investment -sources
SHANGHAI, Nov 25 (Reuters) - China's central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on Friday. ( read original story ...)