Shimao, which defaulted on a trust loan earlier this month, said it will sell an entity whose principal asset is the Hyatt on the Bund hotel to the Sh.. ( read original story ...)
Shanghai’s auto exports hit record high
The number and value of exported cars of Shanghai hit record highs in 2021 the municipal customs said Saturday Last year Shangh ... ( read original story ...)
Salary cut, reversal of bonuses indicate China’s ‘worsening’ financial conditions
Witnessing severe belt-tightening by the government millions of Chinese civil servants are wary about around 25 per cent cut in their salaries while teachers a ... ( read original story ...)
China’s Shimao sells Shanghai hotel for US$708 million to state-owned firm
Chinese property developer Shimao Group said on Friday (Jan 28) it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan (US$707.83 million), as it seeks to reduce its ... ( read original story ...)
HanBio Therapeutics Announces the Completion of a US$40 Million Series A Financing Led by OrbiMed and Hankang Capital
HanBio Therapeutics ("HanBio"), a biotechnology company committed to researching and developing next generation transformative medicines, today announced that it has completed a US$40 million Series A ... ( read original story ...)
China’s Shimao sells Shanghai hotel to state-owned firm for $708m
Chinese property developer Shimao Group said on Friday it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan ($707.83 million), as it seeks to reduce its debt amid ... ( read original story ...)
Production of one-dose vaccine starts in Shanghai
The production of a single-shot COVID-19 vaccine made by CanSino SPH Biologics Inc, the first novel coronavirus vaccine producer in Shanghai, was launched in the city on Thursday. "The vaccine, named ... ( read original story ...)