Shanghai raises home downpayment requirements

Home buyers in Shanghai are now required to make mortgage downpayments and pay additional loan interest, while banks have been ordered to tighten purse strings, as authorities move to rein in runaway house prices in the metropolis. According to a notice ... ( read original story ...)

Shanghai steps up property curbs for the third time this year

Shanghai municipality has stepped up curbs on property purchases for the third time this year, amid central government discontent that the city’s home prices have not fallen since the last tightening in October. Under a new round of regulations announced ... ( read original story ...)

Shanghai sets up online gaming association

SHANGHAI - Online gaming companies in Shanghai have set up an association to promote the healthy development of the industry. According to the association, founded over the weekend, Shanghai has 600 online gaming enterprises, employing about 60,000 people ... ( read original story ...)

Shanghai Pudong’s new $400m DF arrivals focus

Shanghai Pudong Airport Authority is to substantially enlarge its duty free arrivals retail space by 500sq m in Terminal 1 and by 800sq m in T2, with a brand new 500sq m arrivals store in the middle of the baggage collection hall. This is to reflect the ... ( read original story ...)

National petrol and natural gas trading center opens in Shanghai

SHANGHAI - A national petrol and gas trading center opened for business in Shanghai on Saturday. Xu Shaoshi, chairman of the National Development and Reform Commission, said he wished to see China's three largest fuel providers -- Sinopec, CNPC and CNOOC ... ( read original story ...)