City Shanghai Financial News

17.01 / 10:26

markets COST wellness President reports International China's SAIC set to add 14 vehicle vessels to boost exports

SHANGHAI/BEIJING (Reuters) -SAIC Motor Corp plans to add 14 vehicle vessels in the next three years to its fleet of carriers as the state-owned Chinese automaker aims to boost sales in overseas markets, it said on Wednesday.

16.01 / 13:09

markets UPS DOW economy Trade Stock market today: Asian shares sink as jitters over Chinese markets prompt heavy selling

Shares are lower in Europe and Asia, with Hong Kong's benchmark down more than 2% as jitters over China's outlook cast a shadow over regional markets

15.01 / 13:26

markets UPS DOW economy reports fall Stock market today: Shares fall in Europe after gains in Asia. US markets are closed for a holiday

European markets have opened lower while Asian markets were mostly higher as the week got off to a mixed start

14.01 / 20:57

markets Citi Action reports stake Grifols says Haier Group still OK to buy stake in Shanghai RAAS

BARCELONA (Reuters) — Spanish pharma company Grifols said on Sunday evening Chinese home appliance maker Haier Group still plans to close the acquisition of a 20% stake in Shanghai RAAS Blood Products as announced in late December.

12.01 / 06:39

COST Citi Digital Manufacturing Strategy Apple Software Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers

BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

11.01 / 17:13

markets Citi Action Research information reports donates stake Grifols sees China stake sale going ahead despite Gotham City report

By Joan Faus and Nell Mackenzie

11.01 / 05:07

markets MET security MSCI country International China will make foreign investment easier, vice premier tells foreign executives

BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for foreign institutions to invest in the country, state media said.

11.01 / 04:23

Digital Progressive security Mobile Courts Number of Chinese CBDC-related Criminal Cases on the Rise

China’s rapid CBDC progress is causing a rise in digital yuan-related criminal cases, including suspected fraud, identity theft, and phishing.

10.01 / 09:29

markets Strategy economy Enterprise Election Southern cover Low China stocks hover near five-year low on weak sentiment

China stocks dipped again on Wednesday to the lowest since February 2019, while Hong Kong shares logged a seven-day losing streak, as the absence of market catalysts kept investor sentiment low. ** The blue-chip CSI 300 Index and the Shanghai Composite Index fell 0.5% each. ** Hong Kong's Hang Seng Index fell 0.6% and the Hang Seng China Enterprises Index dropped 0.5%. ** In Asia, Japanese stocks hit a near 34-year high, while other Asian equities meandered around one-month lows ahead of U.S.

09.01 / 06:55

Cooper Election President country Interviews International 2024 Kazakhstan poised to lead key organisations including SCO in 2024: President Tokayev

Tokayev has recently elaborated on the country’s foreign policy approach for 2024, saying that Astana will continue a constructive and balanced foreign policy, taking into account the national interests of the state. He pointed out that the country in 2024 will chair several international organizations at once, most notably the Organization of Turkic States, the Shanghai Cooperation Organization, the Collective Security Treaty Organization, and the Conference on Interaction and Confidence Building Measures in Asia.

08.01 / 19:59

markets UPS Manufacturing Enterprise Trade Courts Chinese property firm Evergrande's EV company says its executive director detained

The electric vehicle unit of troubled Chinese property developer China Evergrande says its vice chairman has been detained by police on “suspicion of illegal crimes.”

08.01 / 14:46

UPS Reuters Cooper economy tenor Department Exclusive-China closes local government offshore financing loophole -sources

SHANGHAI (Reuters) -Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing, four sources familiar with the matter told Reuters.

08.01 / 12:18

markets security economy wellness country reports Interviews UBS is expanding its China onshore wealth business

UBS Group aims to grow its wealth and asset management business in China, despite the slowing economy and dearth of deals that’s weighed on some Wall Street and European lenders in the country.

08.01 / 06:20

markets UPS Aware security Trade performer Exclusive-China regulators lift stock net-selling ban for mutual funds-sources

SHANGHAI/SINGAPORE (Reuters) — China's securities regulator is allowing mutual fund managers to sell more shares than they buy each day, three sources said, removing a ban introduced late last year aimed at propping up a flagging stock market.

05.01 / 17:12

markets Airlines economy Nikkei show reports Commentary Stock market today: Asian shares mostly decline after mixed Wall Street finish

Asian shares are mostly lower after a mixed finish on Wall Street, although export-related Tokyo stocks got a boost from a strengthening dollar

05.01 / 17:10

markets Tesla Highways Nov prevention Traffic Investigations Tesla recalls over 1.6 million imported vehicles

Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China to fix problems with their automatic assisted steering functions and door latch controls

05.01 / 11:23

Asia S&P 500 equities China unveils new blue-chip index in bid to boost investment in Beijing listings

This new index features a less heavy financial skew, instead aiming for a greater balance, with a higher allocation towards healthcare and new energy companies.

05.01 / 08:54

Reuters Freedom track country reports rights Investigations Thermo Fisher halts forensic tech sales in Tibet

By Andrew Silver

05.01 / 05:02

markets UPS Citi Provident Strategy Tesla performer trumps Tesla trumps BYD in China sales efficiency with real-time strategy

SHANGHAI (Reuters) — Tesla (NASDAQ:TSLA)'s strategy in China of real-time, aggressive management of its sales staff is giving its stores an edge over dealerships offering BYD (SZ:002594) and other brands in the world's largest auto market, according to three people with knowledge of the matter.

05.01 / 05:01

markets Citi Gap Trade band country 2020 China's yuan eases against the dollar on widening yield differential

SHANGHAI (Reuters) — China's yuan eased against the dollar on Friday, as a widening yield spread and balance sheet policy divergences between the U.S. and China remained short-term headwinds for the yuan.

05.01 / 02:24

Progressive Strategy Trade country Relationships International Chinese daily hails India's foreign policy led by PM Modi, says ‘moving towards great power’

China, has commended India's economic strategies and diplomatic accomplishments during the last four years under Prime Minister Modi's leadership. This positive assessment was articulated in an article titled “Bharat Narrative," highlighting New Delhi's strategic thinking in “foreign policy has evolved, moving towards a great power strategy." Also Read: Jaishankar dismisses 'West as bad guy' narrative, sheds light on Global South's rising role in diplomacy An article by Zhang Jiadong, who serves as the Director of the Centre for South Asian Studies at Fudan University in Shanghai, emphasized India's notable advancements during the preceding four years.

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