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 ...)
Shanghai, Tianjin raise down payment requirements for home buyers
Shanghai has raised the minimum required down payment and home buyers are now required to pay additional interest on loans, while banks have been ordered to tighten their purse strings, as authorities move to rein in runaway house prices in the metropolis ... ( read original story ...)
SURVEY: Hong Kong and Shanghai business leaders are positive about Trump presidency
The business communities of two of Asia’s top financial centres are “mainly positive about the Donald Trump presidency”, reveals a new survey by one of the world’s largest independent financial advisory organizations. The survey, carried out by ... ( read original story ...)