Business


Shanghai targets USD8.12 trillion of assets under management by 2030 - June 03, 2026

Shanghai aims to have CNY55 trillion (USD8.12 trillion) of assets under management by 2030, increasing the city’s share of China’s total to about a third, while boosting its role as key hub for Chinese yuan-denominated asset allocation, pricing, and risk management, according to a new policy document released by the local government.


Shanghai launches 3-year plan to stimulate household waste sorting campaign - June 02, 2026

Shanghai has launched a three-year action plan to advance its household waste-sorting campaign and accelerate the city's low-carbon transformation, lifting the wet waste separation rate to above 35 percent by 2028, local authorities announced on Tuesday.


China's most powerful single-body rocket makes maiden flight - June 02, 2026

China Aerospace Science and Technology Corp, the nation's dominant space contractor, conducted the debut flight of its Long March 12B carrier rocket on Monday afternoon.


The annual Shanghai Design 100+ global competition has begun accepting submissions - June 02, 2026

The annual Shanghai Design 100+ global competition has begun accepting submissions.


Shanghai strengthens air cargo development with safety initiative - June 02, 2026

Key achievements on Shanghai's pilot of Dangerous Goods Trust Community were published on Monday. The initiative aims to establish a safe, trustworthy, and collaborative air cargo ecosystem, thereby contributing to the high-quality development of Shanghai international air freight hub as well as the global industrial and supply chain.


Nvidia to partner with Unitree Robotics on robotics system - June 02, 2026

US chip maker Nvidia announced on Monday that it has teamed up with Chinese humanoid robot maker Unitree Robotics to launch its first-ever robotics system, which will be sold to researchers at institutions such as Stanford University.


Shanghai's Agibot tops WorldArena leaderboard - June 01, 2026

Shanghai-based robotics firm Agibot has secured the top spot on the WorldArena Track 1 leaderboard, a premier benchmark for humanoid intelligence and environmental generalization.


Shanghai eyes 5.5% service industry growth over next 5 years - June 01, 2026

Shanghai aims to realize an annual growth rate of at least 5.5 percent for its service industry in the next five years, underpinned by accelerated digitalization, standardization, integration and internationalization, government officials said at a press conference on Monday.


Shanghai Disney Resort marks 10 years of community impact on Intl Children's Day - June 01, 2026

Shanghai Disney Resort released its 10th Anniversary Community Report on Monday, International Children's Day, celebrating a decade of corporate citizenship ahead of its official 10th anniversary on June 16.


Sigenergy, Frost & Sullivan unveil AI-driven energy intelligence framework - June 01, 2026

A latest white paper, jointly released by Shanghai-based new energy company Sigenergy and market consultancy Frost & Sullivan on May 29, has highlighted that the rapid development of wind and solar installations, distributed energy storage, dynamic electricity prices, and virtual power plants, has transformed the energy system to be increasingly intelligent.


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