Shanghai will introduce a lottery system for sales of new residential projects as demand is overtaking supply, according to a circular of the city's housing authorities. The lottery will guarantee "transparent and fair distribution" of units, and is part ... ( read original story ...)
Shanghai steps up supervision of red-hot property market
... Shanghai's housing authority has stepped up supervision over its property market, continuing to rein in a sector plagued by irregularities and rampant speculation. Property prices have soared in China's biggest cities such as financial hub Shanghai ... ( read original story ...)
Inside Shanghai’s First Seven-star Hotel
A creation of glass and steel, the Wanda Reign on the Bund, China’s first seven-star hotel, adds sparkle to the well-known Shanghai promenade. But it is the hotel interiors that truly amaze. Think all-out Art Deco glamour topped with oriental opulence ... ( read original story ...)
Bike Sharing Firm Youon Calls Off IPO Amid IP Infringement Lawsuit
Youon Bike, a Jiangsu province-based bike sharing company, has called off its planned initial public offering in Shanghai after a lawsuit was filed ... by issuing 24 million shares in an IPO two months ago. It was its second attempt at a listing, after ... ( read original story ...)
Shanghai introduces lottery system to cool property market
SHANGHAI Shanghai's housing regulator will introduce a lottery system to govern new home sales as part of its efforts to curb speculation and cool the market, the official Xinhua news agency reported late on Thursday. Xinhua cited a notice released by ... ( read original story ...)
Boeing's China Rival Mounts Challenge Using U.S. Technology
Out of more than 1,000 flights scheduled to take off or land at Shanghai’s vast Pudong International Airport on Friday, one marks the beginning of a new era in the aviation business. China is making its boldest attempt yet to break the stranglehold that ... ( read original story ...)
DreamWorks out of the picture at Shanghai DreamCenter – what now for the ambitious project?
The cultural elements give the West Bund a distinct identity, she says, helping it compete with other new business districts springing up in Shanghai, such as the East Bund area being built by the Pudong government on the other side of the river. ( read original story ...)