Profit at Shui On Land, the Hong Kong-headquartered developer of Shanghai’s popular Xintiandi entertainment district, plunged by 58.6% in the first six months of the year to 450 million yuan as ... ( read original story ...)
111, Inc. Announces Second Quarter 2022 Unaudited Financial Results
SHANGHAI, Aug. 25, 2022 /PRNewswire/ -- 111 ... today announced its unaudited financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Key Results Net revenues were RMB3.04 ... ( read original story ...)
Exclusive: Some Chinese financiers cold shoulder Beijing’s property rescue call
Some of China's state-backed financial institutions are pushing back on Beijing's calls to support the embattled property sector due to concerns about the impact of such exposure on their balance ... ( read original story ...)
Shanghai Commercial & Savings Bank adopts Temenos and IBM systems
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ... ( read original story ...)
Shanghai reports community case for second straight day
Shanghai reported a COVID-19 infection on Thursday, a community case for the second consecutive day, and added two high- and medium-risk areas in downtown Yangpu District. The 46-year-old female, who ... ( read original story ...)
Energy crunch under Shanghai’s heatwave send post-lockdown recovery into spasms in China’s commercial hub
Shanghai authorities switched off lights for two days along The Bund waterfront and the Lujiazui finance zone to save power The two-month lockdown caused Shanghai's economy to contract by 13.7 per ... ( read original story ...)
Lockdown-bruised IT service firms bullish about future business growth
Shanghai-based IT service firms faced a financially-challenging quarter due to pandemic lockdowns, but remain confident about the future, with new business expansion and increased research spending, ... ( read original story ...)