Former Porto and Fenerbahce boss Vitor Pereira vowed to go one better than fellow Portuguese Andre Villas-Boas and win a trophy in his first season at big-spending Shanghai SIPG. But the 49-year-old, who succeeded Villas-Boas at Porto in 2011 and was named ... ( read original story ...)
World’s 2nd-tallest building the Shanghai Tower opens with a whimper after delay
But its size and complexity caused delays in clearing fire safety regulations, partly because no building codes existed for some of its features - despite China's rapid pace of development and push to champion Shanghai as a global financial centre. " ( read original story ...)
China stocks fall, financial and transport firms weigh
SHANGHAI, Dec 12 (Reuters) - China stocks fell on Tuesday, erasing the bulk of their gains the previous session, led lower by financial and transport firms. Investors are worried over whether China’s central bank would follow the U.S. Federal Reserve ... ( read original story ...)
Unified APP of China’s Banking Industry, “Mobile QuickPass” Officially Launches Today
SHANGHAI, Dec. 12, 2017 /PRNewswire/ -- On December 11, China UnionPay joined hands with over 30 Commercial banks and payment institutions to launch "Mobile QuickPass", the unified APP for China's banking industry. By integrating mobile payment functions ... ( read original story ...)
China banks warn new asset management rules may trigger systemic risks: sources
BEIJING/SHANGHAI (Reuters) - Ten Chinese banks have raised strong objections to the central bank's recent move to tighten rules on the asset management sector, saying it may cause a rush of redemptions among other risks, three sources with knowledge of the ... ( read original story ...)
China banks’ household loans soar as shadow lending squeezed
SHANGHAI/HONG KONG (Reuters) - Chinese lenders’ short-term household loans almost doubled last month from a year ago, according to central bank data, as regulators clamp down on other opaque forms of borrowing to tame risks linked to a vast shadow ... ( read original story ...)
BMW is turning an abandoned paint factory into a micro-apartment building in Shanghai
The car manufacturer BMW is constructing a micro-apartment building in Shanghai, China. As part of BMW's urbanism and architecture project Mini Living, the company is transforming an abandoned paint factory into housing. BMW revealed its first concept ... ( read original story ...)