The National Administration of Financial Regulation (NAFR)said on its website that the risk weighting for CSI300 Index constituents would be reduced to 0.3 from 0.35, while that for stocks listed on ... ( read original story ...)
BP sells Shanghai stake
BP is to sell off its 50% stake in Shanghai SECCO Petrochemical Company for 1.68 billion ... BP said the decision "aligns" its petrochemicals business in China with a global focus on areas where it ... ( read original story ...)
First 5G-wired ocean liner’s second sea trail is completed in Shanghai
Adora Magic City, starts a new sea trial in Shanghai on September 7, 2023. The 135,500-ton ship will undergo 90 tests, includin ... ( read original story ...)
Shanghai Releases 7 Land Parcels For Sale, With A Starting Price Of 18.5 Billion Yuan
The Shanghai Land Exchange Market announced the transfer of land for commercial housing, a total of 7 plots of land with an approximate area of 50.14 hectares. The plot locations cover Pudong, Jingan, ... ( read original story ...)
China is racing ahead in research output amid tech curbs, but quality must keep pace with volume, Shanghai forum learns
Beijing, Shanghai and Shenzhen are among top 10 most innovative and most ideal for scientists, studies released at Pujiang Innovation Forum show China will work with other nations to create 'open, ... ( read original story ...)
Chinese fintech giant Ant Group unveils own AI large language model, along with new Web3 brand, in push to expand presence in financial sector
Ant indicated that its AI large language model already outperforms 'mainstream general-purpose LLMs' in terms of financial scenarios Its foray into the LLM arena underscores the increased competition ... ( read original story ...)
As China steps up cybersecurity enforcement, smaller businesses are feeling the heat
Authorities have begun warning small business owners to improve data security compliance or face penalties Stepped up enforcement follows recent sweeping security laws to tighten government control ... ( read original story ...)