A regulatory crackdown that scuppered its $37 billion IPO in 2020 led to a forced restructuring of the financial technology behemoth. ( read original story ...)
Billionaire Jack Ma to cede control of financial tech giant
A regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth. ( read original story ...)
Shanghai Data Exchange Partners With Banks, Firms to Speed Market Development
The Shanghai Data Exchange has signed cooperation agreements with 12 banks and digital economy-related companies to accelerate development of the data market and support the establishment of China’s ... ( read original story ...)
Industrial Bank Gets a Boost as Fujian Government Expands Its Stake
The finance department of the Fujian provincial government will invest between 500 million yuan and 1 billion yuan over six months starting Tuesday buying the bank’s shares on the open market in ... ( read original story ...)
Strengths, Growth Path to Further Shanghai’s Development as Int’l Financial Center
A country must follow the same development route as a city. A country should first grow from an industrial power to a trade power to become a major economy and then seek power and influence in the ... ( read original story ...)
Shanghai Eyes USD620 Billion Investments of Major Projects in 14th Five-Year Plan
Shanghai envisions about CNY4.2 trillion (USD620 billion) in investments in major projects in the 14th Five-Year Plan till 2025, according to the vice mayor. Some CNY2.1 trillion of the headline sum ... ( read original story ...)
Shanghai delivers reliefs to 500,000 troubled businesses
The resumption of dine-in services starts in an orderly manner in Shanghai on June 29, 2022 after it was suspended for about three months. Photo: Bai Qi/. Shanghai has ... ( read original story ...)