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Lower lending rate boosts liquidity, ease virus blows

Lower lending rate boosts liquidity, ease virus blows

China’s new market-oriented benchmark lending rate fell yesterday, a boost to market liquidity and a boon for small- and medium-sized firms amid the fight against the novel coronavirus epidemic....

February 21, 2020, Friday


Banks to the rescue of firms

Banks to the rescue of firms

Financial institutions in Shanghai have taken measures to help enterprises resume work during the novel coronavirus epidemic....

Huang Yixuan | February 21, 2020, Friday


Shanghai composite index crosses 3,000-point threshold

Shanghai composite index crosses 3,000-point threshold

CHINESE stocks rallied yesterday with a surge in technology and securities industries. The benchmark Shanghai Composite Index gained 1.84 percent to close at 3,030.15 points. The Shenzhen Component Index ...

February 21, 2020, Friday


Tech firms give life to education platform

Tech firms give life to education platform

TOP tech firms, including Tencent Education, Dingding and China Mobile, will offer technology and services for Shanghai’s online school platform to supplement television broadcasting. Schools in the city ...

Rich Zhu | February 21, 2020, Friday


Xuhui land sets sales price mark

Xuhui land sets sales price mark

A large land parcel in Xuhui District was sold for 31.05 billion yuan (US$4.43 billion) yesterday, becoming the most expensive plot by total price ever sold on the Chinese mainland. Hong Kong Land, the ...

Cao Qian | February 21, 2020, Friday


Shanghai looks to enhance city’s international business appeal

Shanghai looks to enhance city’s international business appeal

Shanghai plans to double down on its development strategy to strengthen the city’s footprint as a first-class international business center....

Huang Yixuan | February 20, 2020, Thursday


Costco to build 2nd local store in Pudong

Costco to build 2nd local store in Pudong

US-based retailer Costco and a Chinese developer have acquired the rights to use an industrial-and-commercial land parcel in the Pudong New Area....

Ding Yining | February 20, 2020, Thursday


Street merchants gradually return

Street merchants gradually return

SHANGHAI had seen more than 91,000 street merchant shops resume business by Tuesday, accounting for 37.2 percent of the financial hub’s total, authorities said yesterday. Shanghai has more than 245,000 ...

February 20, 2020, Thursday


China set to relax tariffs on US goods

China set to relax tariffs on US goods

China will grant duty exemptions imposed on 696 American-made goods in response to the US Section 301 tariff measures, the most substantial tariff relief to date, as the country seeks to fulfill commitments ...

February 19, 2020, Wednesday


Massive layoffs at HSBC

Massive layoffs at HSBC

HSBC will eliminate 35,000 jobs as part of a deep overhaul to focus on faster-growing Asian markets as it tries to cope with a slew of global uncertainties, from Brexit to trade wars to the coronavirus.Interim ...

February 19, 2020, Wednesday


Boy Scouts filing for bankruptcy

Boy Scouts filing for bankruptcy

The Boy Scouts of America yesterday announced it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.The bankruptcy is not expected ...

February 19, 2020, Wednesday


Alibaba, Tencent aid virus tracking

Alibaba, Tencent aid virus tracking

THE Chinese government has enlisted the help of Alibaba and Tencent to expand color-based systems that track coronavirus carriers. An official Health QR Code was launched yesterday in Shanghai to strengthen ...

February 18, 2020, Tuesday


Real estate embraces virtual reality sales

Real estate embraces virtual reality sales

Beyond zoos, museums and games, virtual reality technologies are wooing more followers in a more unexpected Chinese sector: real estate....

February 18, 2020, Tuesday


New housing bounces back

New housing bounces back

New-home-buying sentiment in Shanghai rebounded last week with major recoveries seen in outlying districts....

February 18, 2020, Tuesday


IPOs surge with STAR Market

IPOs surge with STAR Market

The number of Technology, Media and Telecommunications (TMT) IPOs increased significantly in the second half of last year following the launch of the STAR Market, PwC said in its latest report....

Ding Yining | February 18, 2020, Tuesday




 

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