SHANGHAI: More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a ... ( read original story ...)
Bank of China Q4 profit rises 12.5per cent
Bank of China (BoC), the country's fourth-largest bank by assets, reported a 12.5per cent rise in net profit for the fourth quarter of 2021 to 53.0 billion yuan ($8.32 billion). That compares with 47. ( read original story ...)
26 million Shanghai residents placed on two-stage lockdown amid COVID-19 surge
About 26 million residents of Shanghai have been placed on a two-stage lockdown as the city faces a new surge of COVID-19 cases. The lockdown, announced by the local government on Sunday, went into ... ( read original story ...)
Shanghai in lockdown: ‘It’s like being in a cage’
STORY: Once again, Shanghai’s streets are empty. More than two years on from the start of the COVID-19 pandemic, China’s financial hub is in one of its most extensive lockdowns yet.The snap two-stage ... ( read original story ...)
Omicron in China: Shanghai denies rumours of early snap lockdown for Puxi
Shanghai authorities have denied rumours that it will place the Puxi area on the western bank of Huangpu River under lockdown from Tuesday night, roughly two days earlier than originally planned. ( read original story ...)
Shanghai ensures stable financial operations amid Pudong’s close-off
The spread of COVID-19 cases in Shanghai has forced the city to lock down its Pudong District – home to over 6,000 financial institutions – for four days from Monday to conduct nucleic acid testing. ( read original story ...)
China’s Shanghai lockdown tests ‘zero-COVID’ strategy
Chinese authorities sought to reassure companies and jittery investors on Tuesday as a two-phase lockdown of Shanghai’s 26 million people entered its second day, casting an unusual quiet over the ... ( read original story ...)