Major Asian stock markets ended mixed on Thursday ahead of the key European Central Bank (ECB) monetary meeting. The Asia Dow, which includes blue-chip companies in the region, fell 17.9 points or ... ( read original story ...)
Shanghai turns to metaverse, NFTs to counter lockdown economic fallout
China's second-most populous city, Shanghai, will be introducing a three-year plan to facilitate the growth of the tourism industry by promoting the metaverse. ( read original story ...)
Entrepreneurs get another chance to ‘Make Shanghai Your Home’
Core members of participating startups choosing Shanghai as their home will qualify for a Shanghai hukou, or household registration. And the city will also welcome their foreign members and members ... ( read original story ...)
Fresh woe for China’s property sector: mortgage boycotts
But for the first time ever people across China are halting mortgage payments on such homes in protest. Buyers have stopped payments on at least 319 projects in 93 cities, according to documents that ... ( read original story ...)
China, Hong Kong stocks fall as COVID, property woes douse excitement over Didi probe end
China and Hong Kong stocks fell on Thursday, as worries over fresh COVID-19 outbreaks and mortgage-payment boycott overshadowed gains in tech shares on the conclusion of a cybersecurity probe into ... ( read original story ...)
In June, a Shanghai billionaire set social media ablaze by vowing to ‘move abroad by next year.’ He’s part of a $60 billion wave
China’s rich are trying to flee the country’s punishing COVID-zero policies. Consultancy Henley and Partners finds $48 billion on the mainland preparing to leave, with another $12 billion in Hong Kong ... ( read original story ...)
Shanghai govt bans job discrimination against people who recovered from infectious diseases including COVID
Shanghai Municipal People's Congress passed a decision on Thursday, banning employers from terminating contracts, or refusing to hire those who once suffered from infectious diseases. The decision was ... ( read original story ...)