China cut its benchmark lending rates for corporate and household loans for a second straight month at its January fixing on Thursday (Jan 20), while lowering a mortgage reference rate for the first ... ( read original story ...)
China drafts rules to give property developers ‘more access to escrow funds’
China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe cash crunch in the sector, ... ( read original story ...)
US-China tech war: Shanghai to woo semiconductor talent and support local chip development with shower of cash
Government will subsidise up to 30 per cent of investment in semiconductor materials and equipment projects in the city. ( read original story ...)
Shanghai residents enjoy winter sports ahead of Winter Olympics
As the Beijing 2022 Olympic Winter Games approach, residents' enthusiasm for winter sports has been increasing in Shanghai. Due to recent COVID-19 cases in the city, the winter vacation of students in ... ( read original story ...)
Chinese HiPhi EV Maker Weighs $500 Million Hong Kong IPO
A Chinese electric-vehicle maker, whose top-end HiPhi sport utility vehicles come with a price tag of as much as 800,000 yuan ($126,000), is considering a Hong Kong initial public offering as soon as ... ( read original story ...)
US-China tech war: Shanghai showers the cash to woo semiconductor talent and support local chip development
Government will subsidise up to 30 per cent of investment in semiconductor materials and equipment projects in the city. ( read original story ...)
Shanghai Electric Group Global Investment Ltd — Moody’s downgrades Shanghai Electric to Baa1; outlook remains negative
(SOEs) in Shanghai; and (4) its history of receiving operational support from the Shanghai government.This support assessment is also based on the Chinese government's strong ability to provide such s ... ( read original story ...)