Initially the technology will be available for Xiaomi’s Mix 2S devices ... it is also hosting its first ‘Demo Day’ program for startups in Asia with an event planned for Shanghai, China, this coming September. Applications to take part in the ... ( read original story ...)
China $10 Trillion Shadow Bank Crackdown Has Long Way to Go
Banking shares slumped on Tuesday. Industrial & Commercial Bank of China Ltd. lost 2.3 percent as of the 11:30 a.m. break in Shanghai, set for the biggest drop in more than a month, while China Merchants Bank Co. paced declines in Hong Kong with a 1.5 ... ( read original story ...)
New Development Bank eyes bond connect scheme for 5 billion yuan debt sale
“Bond connect is a perfect way to achieve one of our objectives – to broaden and deepen the investor base for us,” he told reporters on the sidelines of the bank’s annual meeting in Shanghai on Monday. The bond issuance, which follows the NDB’s 3 ... ( read original story ...)
China securities regulator vows financial stability ahead of MSCI entry
SHANGHAI (Reuters) - A senior Chinese securities regulator vowed to maintain financial stability and prevent asset price bubbles as the country accelerates the opening-up of its financial markets to foreign investors. The comments by Fang Xinghai ... ( read original story ...)
Shanghai Dasheng units default on $14 mln loan repayments, stock dives
HONG KONG, May 29 (Reuters) - Shanghai Dasheng Agriculture Finance Technology Co Ltd. said on Tuesday two of its units had defaulted on loan repayments totalling $14 million, the latest Chinese company to default amid a crackdown on financial risk. ( read original story ...)
Shanghai to Los Angeles in 5 hours? Why supersonic air travel could boom in Asia
(CNN) — Shanghai to Los Angeles in about five hours ... Among the major players, Boom Technology has raised $85 million in funding from seed investors and strategic partners, such as Virgin Atlantic Airways. Support for the Denver-based startup has ... ( read original story ...)
Science festival kicks off in Shanghai’s Baoshan district
Xie Wenlan, Secretory-General of Shanghai Municipal Science and Technology Commission, expressed that, as Shanghai marches toward the objective of building itself into an innovation center with a global influence, the city must bravely challenge new ... ( read original story ...)