SHANGHAI, Aug 22 (Reuters) - China's yuan firmed against the U.S. dollar on Tuesday after the central bank set the midpoint at its firmest in 11 months, as the Chinese currency continued to benefit from a soft dollar. Prior to market opening, the People's ... ( read original story ...)
Shanghai’s West Bund Cultural Corridor spreads its wings
The West Bund Cultural Corridor of Shanghai’s Xuhui district continues to gather steam. While the construction of the Centre Pompidou-affiliated West Bund Art Museum and the collector He Juxing’s Start Museum are underway, the area’s population of ... ( read original story ...)
20/20’s Lung Cancer Detection Technology Launches in China
ROCKVILLE, Md. & SHANGHAI--(BUSINESS WIRE)-- 20/20 GeneSystems, Inc. (www.2020gene.com) (“20/20”) released this week in China what is believed to be the world’s first machine learning algorithm commercialized for use in conjunction with blood tests ... ( read original story ...)
China’s IPO bonanza loses lustre as returns dwindle
“Decreasing returns from IPO shares will become a norm in the future, with increased supply and regulatory scrutiny,” said Wu Kan, a fund manager at Shanshan Finance in Shanghai. “Exceptionally generous returns were previously built on not-too-fast suppl ( read original story ...)
Richemont sells Shanghai Tang as part of portfolio shake-up
It gave no details of Shanghai Tang’s financial performance, but the losses it has wracked up are expected to be disclosed with Richemont’s half-year results, published in November. Mr Bastagli is chairman of A. Moda, a privately held clothes ... ( read original story ...)
China to again have one of the world’s fastest bullet trains
BEIJING — After cutting back the speed of the Beijing to Shanghai bullet train following a deadly crash, China is set to again make it one of the world’s fastest. New generation trains will service the route starting next month, making the 1,250 ... ( read original story ...)
Exploring 10 great cities for business in Asia
Here's how to make the most of your downtime in 10 of Asia's business capitals. In Shanghai, the vast cityscape can feel overwhelming. Still, there are quiet corners, green parks and some of the world's most notable architecture to enjoy. The tourist trail ... ( read original story ...)