Continued opening-up and collaboration in the financial sector will be a focus of the 2025 Lujiazui Forum in Shanghai on June 18-19, a press briefing was told on Friday. ( read original story ...)
Fast-growing Chinese tea company Chagee issues its first earnings report since IPO
Chagee Holdings Limited (NASDAQ:CHA) released its first earnings report as a publicly traded company on Friday. Revenue increased by 35.4% year-over-year to RMB3,392.7 million ($467.5 million). Total ... ( read original story ...)
Exclusive-Zeekr investors criticise Geely’s $2.2 billion take-private bid as inadequate, say sources
China's Geely is undervaluing its premium electric car unit Zeekr with the $2.2 billion take-private offer it has made, five early investors in Zeekr have written to its board, according to three ... ( read original story ...)
China’s central bank injects 700 billion yuan of outright reverse repos in May
China's central bank has injected 700 billion yuan ($97 billion) into its banking system during May through an outright reverse repurchase tool, the bank said on Friday. The operations, conducted with ... ( read original story ...)
Shanghai exports jump 13.8% in first four months
Shanghai traded with over 200 countries and regions during the four-month period, registering growth with 166 partners. Trade with Belt and Road partner countries reached almost 600 billion yuan, an ... ( read original story ...)
Porsche to set up R&D centre in Shanghai, local government says
Porsche struck a deal on Friday to set up its China research and development centre in Shanghai's Jiading district, according to a local government statement. ( read original story ...)
Shanghai’s total import and export value reaches $195b in the first four months
Shanghai's total import and export value ticked up 1 percent year-on-year to 1.4 trillion yuan ($195 billion) during the first four months of the year, the data released by the Shanghai customs on ... ( read original story ...)