Government News
Shanghai leading global innovation thanks to youth entrepreneurship - May 11, 2025
Shanghai is stepping up its ambition to become a global innovation hub by investing in young entrepreneurs and creating one of the most supportive startup ecosystems in China.
SAIC’s Xiangdao closes largest fundraiser in Chinese mobility field in three years - May 11, 2025
Xiangdao Chuxing, the mobility arm of Chinese automotive giant SAIC Motor, has secured over CNY1.3 billion (USD179.4 million) in its latest fundraiser, the largest in the Chinese mobility industry in the past three years.
Roche to invest USD276 million building second drug plant in China - May 11, 2025
Swiss drugmaker Roche plans to invest CNY2 billion (USD276.4 million) on a second biopharmaceutical plant in China so as to produce more innovative medicines in the country.
Japan’s SEGA, production I.G launch flagship stores in Shanghai; Fans snap up exclusive merch - May 11, 2025
Japanese anime giant Production I.G & WIT Studio and gaming icon SEGA opened their first-ever flagship stores in the heart of Shanghai during the recent Labour Day holiday, drawing crowds of young Chinese fans. Popular merchandise flew off the shelves, with several items selling out fast.
Shanghai accelerates business reform as it targets global standards - May 08, 2025
Many global finance firms have set up offices at Shanghai Tower in Pudong. Shanghai is stepping up efforts to become one of the best places in the world to do business. City officials announced 10 high-priority reforms on Thursday aimed at further improving its business environment to reach top global standards.
Lenovo unveils bold vision for AI, addresses concerns over tariffs - May 08, 2025
Lenovo Chairman and CEO Yang Yuanqing on Wednesday outlined a bold vision for AI-driven "Super Intelligent Agents" poised to redefine human-machine collaboration, while addressing concerns over global tariff pressures and product pricing.
TransNusa adds new Indonesia-Shanghai route using China-built C909 Jet - May 08, 2025
TransNusa Airlines, the first foreign carrier to operate China’s self-developed C909 regional passenger plane, launched its inaugural flight between Manado and Shanghai Wednesday. This is the Indonesian carrier’s second route connecting the two countries as use of the C909 on international routes continues to grow.
Shanghai launches flight changing trial service - May 08, 2025
Passengers are now able to change their flight tickets between different carriers while flying between the Shanghai Hongqiao International Airport and the Beijing Capital International Airport after a new service was put into trial operation on Tuesday (May 6), according to the Shanghai Airport (Group) Co Ltd.
Huangpu sees remarkable surge in tourist spending - May 08, 2025
Huangpu witnessed a remarkable surge in sales and tax refund applications by foreign tourists during the May Day holiday. According to Shanghai Observer, the number of tax refund applications in the district soared by 400 percent compared to the previous year, while sales increased by 143 percent.
Market value of ETFs on Shanghai Stock Exchange exceeds 3t yuan - May 08, 2025
The total market value of exchange-traded funds (ETFs) on the Shanghai Stock Exchange has surpassed 3 trillion yuan ($417 billion), according to data released on Wednesday by this exchange.
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