HSBC Bank has sold its retail banking business to New York-headquartered Cerberus Capital Management, a private equity company. The deal also includes the sale of HSBC SFH (France) S.A. and the ... ( read original story ...)
Shanghai tops holiday entertainment and dining spend domestically
Shanghai, along with Beijing, Chengdu, and Shenzhen – all also popular tourist destinations for domestic visitors – are the top ranking cities in terms of dining and leisure spend. The overall dining ... ( read original story ...)
Over 1,000 Chinese Firms Registered for Pre-IPO Tutoring Last Year Despite Sluggish Capital Market
(Yicai) Jan. 2 -- More than 1,000 Chinese companies registered for pre-listing tutoring last year despite the sluggish capital market and stricter reviews on initial public offerings, according to the ... ( read original story ...)
Stock market today: Asian markets are mixed on the first trading day of 2024
Asian markets were mostly lower Tuesday following the release of data showing more signs of weakness in the Chinese manufacturing and property sectors. U.S. futures were higher and oil prices gained ... ( read original story ...)
TV series dives into the bustles of Shanghai in 1990s
The long-awaited TV series Blossoms Shanghai has been released in two versions — Mandarin and the Shanghai dialect — on Dec 27, quickly soaring as one of the most popular dramas during the New Year's ... ( read original story ...)
Shanghai RAAS Falls on Haier’s Plan to Take Control of Blood Products Maker for USD1.8 Billion
(Yicai) Jan. 2 -- Shares of Shanghai RAAS Blood Products fell after Chinese home appliance giant Haier Group said it plans to take control of the blood and plasma-derived medical products maker for ... ( read original story ...)
Providing Long-Term Care for Shanghai’s Most Vulnerable Residents
Shanghai was one of the first cities to launch a pilot program in 2016. As of 2023, around 500 long-term care insurance agencies in the city take care of around 400,000 seniors. Eligible seniors pay ... ( read original story ...)