Semiconductor Manufacturing International Corp.’s stock has more than doubled over the past two months on an expected boost from China’s self-reliance push, even amid risks tied to competition and ... ( read original story ...)
Shanghai Disney Resort to implement real-name ticketing policy from Dec 23
The Shanghai Disney Resort announced Wednesday that it will officially implement a new real-name ticketing policy starting Dec 23 this year. ( read original story ...)
China property: Shenzhen joins Beijing and Shanghai in offering tax breaks to boost sales
Beijing and Shanghai implemented similar steps on Monday. All three cities also announced the abolition of the classification of so-called “ordinary” and “non-ordinary” homes when levying personal ... ( read original story ...)
Shanghai Court Recognizes Virtual Currency as Property, Tightens Trading Crackdown
A Shanghai court has recognized virtual currency as property under Chinese law, emphasizing that this does not permit its use as currency. ( read original story ...)
Atome Financial secures another US$200 mil syndicated credit facility from HSBC
The fintech group had secured a US$100 million facility from HSBC in 2022 to expand its payments business across Asia. ( read original story ...)
China’s retail rally in lower-tier locales tops big-city light spenders
People face less daunting financial pressures and lesser debt burdens in smaller Chinese cities, with relatively stable expectations about the future. ( read original story ...)
Pony AI Nears US IPO as Self-Driving Rivalry With China Heats Up
The Guangzhou-headquartered company, which makes self-driving software and operates a fleet of 250 robotaxis in cities including Beijing and Shanghai, is part of a growing cohort of companies in China ... ( read original story ...)