In a pioneering move for Shanghai's energy management, Shanghai's Songjiang district has implemented the Measures for the Precise Response Management of Virtual Power Plants in Songjiang District, ... ( read original story ...)
Shanghai upgrades power business environment
The State Grid Shanghai was among the exemplary cases of improving business environment across the country included in the report by the National Development and Reform Commission on April 30, ... ( read original story ...)
JD.com Backs Humanoid Robotics Unicorn in Strategic Bet on Embodied Intelligence
AsianFin – JD.com has joined Tencent in backing one of China's fastest-rising robotics startups, as it accelerates its foray into the emerging field of embodied intelligence. ( read original story ...)
Market Jitters: China and Hong Kong Stocks Face Setbacks Amid Trade Tensions
China and Hong Kong stock markets experienced a downturn, led by automobile and Apple supplier stocks, amid concerns about U.S. tariffs on imported iPhones. The Shanghai Composite and Hong Kong's Hang ... ( read original story ...)
China pushes for more bank mergers to make financial sector shockproof
A system with more big banks and brokerages would help “shape China’s financial policies in the long period of economic transitions that lies ahead . . . and can help de-risking the system in the ... ( read original story ...)
Sinovel Wind’s Shanghai IPO to Raise Up to $1.4 Billion
in an initial public offering ahead of a Shanghai listing, bucking the trend of Hong Kong listings by China's wind power firms. The planned offering is set to be the biggest mainland IPO by a ... ( read original story ...)
China lowers deposit rate ceiling to protect banks’ interest margins, sources say
China has lowered the ceiling of deposit rates, three banking sources with direct knowledge of the guidance said on Friday, as authorities seek to protect banks' profit margins and discourage savings. ( read original story ...)