For the third time this summer, Shanghai issued its highest alert for extreme heat as temperatures appeared set to test records in China's most populous city on Thursday. ( read original story ...)
China banks, property stocks slump as more homebuyers stop mortgage payments
Over the past weeks, a rising number of homebuyers have collectively threatened to halt mortgage payments to banks if developers do not resume construction of pre-sold homes, according to official ... ( read original story ...)
Shanghai issues third heatwave red alert for this summer
Shanghai, China's financial hub, issued its third heatwave red alert for the summer on Thursday, signalling temperatures will rise to 40 degrees Celsius (104 degrees Fahrenheit) over the next 24 hours ... ( read original story ...)
Shanghai gives nod to NFT trading platforms
After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. The ... ( read original story ...)
Shanghai data breach details confirmed
Further information has been revealed about the recent Shanghai police data breach that could impact 70 per cent of China's population. In addition to the underlying vulnerabilities that led to the ... ( read original story ...)
Shanghai included blockchain, NFTs and Web3 in its 5-year plan
China's biggest city will support the enterprises that plan to construct the NFT trading platforms, as well as “research and promote the digitization of NFT and other assets." ... ( read original story ...)
China’s Henan bank scandal not just a financial crisis, it may be a lasting political calamity: analysts
China's central government must find ways to promptly repay the depositors or risk the effects of damaged public confidence, say scholars Depositors' lost US$6 billion is reminder to authorities that ... ( read original story ...)