Over the weekend, Shanghai residents were thrilled to finally be able to use their smartphones as metro tickets after the city's metro operator debuted turnstiles with fancy schmancy QR code technology. However, in its first few days the grand launch of ... ( read original story ...)
China Starts Experiment to Tame Its Wild Property Market
“China’s property market is on the brink of tremendous change,” said ... Banks are offering credit lines to developers for financing rental projects, and the Shanghai Stock Exchange is encouraging the creation of investment products backed by ... ( read original story ...)
China’s $15-trillion shadow banking bares cracks
BEIJING/SHANGHAI — Strains are spreading in China’s $15-trillion shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels. Most affected are some $3.8 trillion of so-called trust ... ( read original story ...)
Chinese smaller companies lead Shanghai benchmark to seventh day of gains
Ping An Insurance led the retreat among big-caps on Wednesday. The stock fell 3 per cent to 76.44 yuan in Shanghai, trimming its gain to 9.2 per cent for the year. China Construction Bank slipped 1.4 per cent to 9.67 yuan after gaining 28 per cent through ... ( read original story ...)
TravelManagers’ Shanghai Famil Combines Historic and Ultra-Modern Highlights
Shanghai is one of the world’s great financial centres, but five Victoria based personal travel managers (PTMs) who took part in a TravelManagers exclusive famil discovered that visitors who focus purely on business during their stay, miss out on much of ... ( read original story ...)
Shanghai Pharmaceuticals on the prowl for acquisitions in US and Europe
Shanghai Pharmaceuticals plans to open a research centre in San Diego as early as this year, form partnerships with US medical and drug research institutes and acquire rights to distribute US-developed new drugs in China. Besides the US, it has also been ... ( read original story ...)
Beijing, Like Shanghai, Keeps 2018 Economic Growth Target at About 6.5 Percent
Shanghai's economy grew 6.9 percent last year to 3 trillion yuan ($469 billion), with services accounting for 69 percent of its economy. Beijing expanded 6.7 percent to 2.8 trillion yuan, with its high tech and strategic new industries surging more than 10 ... ( read original story ...)