Up to 68 companies will have debuted on the Shanghai Stock Exchange from the beginning of the year to the end of June, with total financing coming to 208.7 billion yuan ($31.1 billion). The Shanghai ... ( read original story ...)
China central bank raises cash injection to keep liquidity stable at end of half year
SHANGHAI : China's central bank on Friday increased the injection of liquidity into the banking system through open market operations, as demand for cash for the end of the first half of the year ... ( read original story ...)
Shanghai’s fashion stores struggle to clear lockdown stock hangover
Almost a month since Shanghai lifted its strict COVID-19 lockdowns, fashion retailers are stuck with piles of unsold stock as cautious consumers stay away from the commercial hub's glitzy shopping ... ( read original story ...)
Two dead after Nio car falls from third floor of headquarters building in Shanghai during test drive
Crash is likely to spark a new wave of concern about the safety of intelligent EVs Nio says the testing staff included one of its employees and a technician from one of its partners Two testing staff ... ( read original story ...)
NIO Test Car Fell From Third Floor Of Automaker’s Shanghai Office Killing Two
Two people were killed when a Nio ET5 fell out of a multi-story parking garage in Shanghai, China, crashing down on the street below. The accident happened at Nio’s headquarters while two test drivers ... ( read original story ...)
Tesla factories in Texas and Berlin ‘losing billions’ due to shortage of batteries and Shanghai shutdown, says Musk
The electric car maker's chief exec (pictured) said in an interview that both its Texas and Berlin factories were 'gigantic money furnaces right now,' ... ( read original story ...)
Shanghai Banks Set Up Special Credit Lines to Unblock Supply Chains
Banks in Shanghai are launching special credit tools to support industrial companies recover after the city's two-month lockdown. Lenders are setting up special credit lines as well as innovating new ... ( read original story ...)