Tesla added a second shift at its Shanghai plant on Thursday. Alibaba Group cited pandemic-related risks and other uncertainties for not issuing a forecast for its new business year and the central ... ( read original story ...)
Private equity, spooked by Ant Group IPO suspension, eyes Chinese ‘hard tech’ sector in paradigm shift
Companies in AI, auto technology, semiconductors, cloud computing, and new energy are set to benefit as strategies align with China’s focus on social stability and national security. ( read original story ...)
China central bank urges more lending to small firms amid COVID shocks
China's central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions' confidence to lend funds, as policymakers struggle to get the COVID-stricken ... ( read original story ...)
Covid Lockdown Costs Shanghai Its Yuan Trading Crown
Covid” policy is starting to show in Shanghai’s financial markets, with the city losing its top currency trading hub title for the first time. Shanghai handled fewer currency deals than Beijing in ... ( read original story ...)
Foreign Banks in Shanghai Provide Relief Funds to Firms in Difficulty Due to Covid
Foreign financial institutions in Shanghai have been actively helping companies to overcome their difficulties due to the Covid-19 outbreak through various means, including setting up special credit ... ( read original story ...)
Shanghai ramps up financial support for tech firms
Shanghai will offer rental reductions or exemptions for small and micro-sized tech firms in scientific and technological innovation hubs, including university science parks and State-owned technology ... ( read original story ...)
Coronavirus: Shanghai keeps millions under lockdown, even as community infection remains zero amid daily swings in new Covid-19 cases
Shanghai’s authorities have set June 1 as the date for officially lifting the city’s two-month long lockdown, aiming to restore China’s commercial and financial hub to normality by the end of the ... ( read original story ...)