The Shanghai government has ordered online lending platforms to deposit their money with local banks within six months after they are registered with the local financial authorities, as China strives to root out risks stemming from the burgeoning sector. ( read original story ...)
RPT-SPECIAL REPORT-‘Ghost collateral’ haunts loans across China’s banking system
recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $3 million from his bank, China CITIC, had vanished from a warehouse on the outskirts of the city. Just several months earlier, in mid-2013, Wang and the ... ( read original story ...)
Winery owners’ arrest a warning for Canadians doing business in China: Daughter
Amy Chang is in Ottawa this week pleading with federal politicians for help in getting her parents released from custody in Shanghai, where the two were arrested in March 2016 while visiting their business suppliers and agents. John Chang and Lan-Fed ... ( read original story ...)
Shanghai SIPG, Urawa into Asian quarters
Shanghai SIPG and Urawa Red Diamonds advanced to the quarter-finals of the Asian Champions League on Wednesday. In a match which ended with a pitch confrontation between players at the end of extra time, Urawa, the 2007 ACL champions, beat South Korea's ... ( read original story ...)
Vertical farms grow amid skyscrapers in a plan to help feed China’s largest city
Construction of the Shanghai project is expected to start in late 2017 as part of a new development — the Sunqiao Urban Agricultural District. The district will also feature markets, a culinary academy, interactive greenhouses and an education centre for ... ( read original story ...)
AFC Champions League roundup: Urawa script stunning turnaround; Shanghai beats Jiangsu
Urawa Red Diamonds booked their spot in the quarterfinals with a fantastic turnaround while Shanghai SIPG cruised through.. The Round of 16 clashes in the AFC Champions League came to a close on Wednesday with the quarterfinals spots all taken. Here is a ... ( read original story ...)
World Travel Awards touches down in Shanghai, China
The 24th installment of the World Travel Awards Asia and Australasia will be taking place in Shanghai, China this year. This according Breaking Travel News yesterday. The awards will take place in China's economic capital, at the Grand Kempinski Hotel this ... ( read original story ...)