"Major state-owned banks are still in the market today offering dollar liquidity to push the yuan higher," said a trader at a foreign bank in Shanghai. "Some traders have become very cautious and have started to change their positions," the trader said ... ( read original story ...)
Shanghai issues first unified work permit for foreigners
Shanghai is the first to launch a new pilot scheme, the single unified work permit, hoping to unify the management of foreigners working in China. Shanghai issued its first single unified work permit to a foreigner on Nov 3, as the city began a test ... ( read original story ...)
IT helps advance Shanghai’s ambitions
according to the Shanghai Municipal Commission of Economy and Information Technology. "IT has integrated into everyone's daily life and various industries like finance and manufacture in Shanghai, making it one of the most advanced smart cities worldwide ... ( read original story ...)
Shanghai increases house down payment requirements
Shanghai's housing authorities announced that they are stepping up limitations on home purchases in the city. In particular, raising down payment requirements as part of an effort to restrain fast growing house prices by limiting speculative buying ... ( read original story ...)
Bank of China and Global Blue to manage VAT refunds
Following China’s introduction of its first tax free refund service for overseas tourists to reclaim 9% on all purchases in Shanghai, the Bank of China (BOC) has announced a new partnership with Global Blue to help manage the process. At the same time ... ( read original story ...)
Gus Poyet named Shanghai Shenhua coach as former Sunderland manager joins Chinese Super League giants
Gus Poyet has been named as the new head coach of Chinese Super League club Shanghai Shenhua. The former Brighton and Sunderland manager has replaced Spaniard Grergorio Manzano with Shenhua bosses underwhelmed by the team's fourth-placed league finish last ... ( read original story ...)
Animal Selfies Banned in Shanghai Wildlife Park
The Shanghai Wildlife Park has stopped the picture-taking with tiger cubs after a video of a zookeeper allegedly abusing the cub went viral. The video that angered netizens shows the male animal keeper placing the cub on the lap of the boy who pushed the ... ( read original story ...)