UMC’s subsidiary plans IPO in Shanghai

Taipei, June 30 (CNA) United Microelectronics Corp. (UMC), the second-largest contract chipmaker in Taiwan, is planning to sell shares of a subsidiary based in China through an initial public offering ... ( read original story ...)

Shanghai to Further Ease Foreign Auto Investment

Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly ... ( read original story ...)