Search result for Shanghai
CHINA PLANS TO BOOST ITS OWN BLOCKCHAIN INDUSTRY BY 2025
Highlights –
- China plans to boost its own blockchain industry by 2025.
- The country is aiming to boost the technological application and industrial development of blockchain.
- China plans to support the establishment of 3-5 backbone ent...
CHINESE STOCKS END HIGHER; SHANGHAI TO HAND OUT DIGITAL CURRENCY
Highlights –
- Chinese stocks end higher; Shanghai to hand out digital currency.
- Shanghai Composite Index ended up 0.21 percent, at 3,591.84 points.
- The ChiNext Index gained 1.28 percent to close at 3,242.61 points.
- Shanghai ...
CHINESE INVESTORS ARE INVESTING MORE ON MMF SINCE MID-FEBRUARY
Highlights –
- Chinese investors are investing more on MMF since mid-February.
- China’s blue-chip index posted the worst monthly performance in March.
- The Hwabao WP Listed Money Market ETF saw its total units increase 21% to 1.77 b...
SHANGHAI FUTURES EXCHANGE STEEL REBAR AND HOT ROLLED COIL FUTURES ROSE
Highlights –
- Shanghai Futures Exchange steel rebar and hot rolled coil futures rose.
- Shanghai Futures Exchange’s most traded construction rebar closed up 1.0% at 5,003 yuan.
- Hot rolled coil futures, jumped 1.5% to 5,467 yuan per...
CHINA’S ENERGY MONSTER STARTUP COMPANY ENTANGLED IN OWNERSHIP DISPUTE
Highlights –
- China’s Energy Monster startup company entangled in ownership dispute.
- The company is backed by Alibaba and SoftBank.
- The ownership dispite could cloud a Nasdaq flotation.
- Two Shanghai-based venture capit...
CHINA’S PINDUODUO E-COMMERCE FIRM REPORTS A 146% SURGE IN QUARTERLY REVENUE
Highlights –
- China’s Pinduoduo e-commerce firm reports a 146% surge in quarterly revenue.
- The company reported 788.4 million annual active buyers until the end of 2020.
- The company’s shares fell by 9% in pretrade activity ...
CHINA’S BLUE CHIP INDEX SUMMITS AT 13 YEAR ALL-TIME HIGH ON GLITTERING RARE EARTH STOCKS
- China's tenacious blue-chip index closed on Tuesday at the highest level in 13 years, with rare earth stocks glittering, as investors were reconfirmed of a quicker economic recovery following a restrictment of a resurgence of locally transmitted Covid-19 infections.
- The blu...
DRIVERLESS METRO TRAINS IN CHINA LEVERAGE TECHNOLGY ON NEVER-ENDING TUNNNEL STRETCHES
- Many wide-eyed Metro passengers on newly opened Line 15 board the train as close to the front as possible to get an unblocked view of the lit tunnels as the train passes through. That view is no longer obstructed by the driver’s cabin.
- The delightful experience of viewing...
ALIBABA REPORTS HUGE QUARTERLY PROFITS EVEN AS BEIJING STIRS TROUBLE
- Alibaba reported big quarterly earnings in profits for its e-commerce business. However China's most prosperous tech firm had nervousness writ large on faces of investors on Tuesday.
- This was due to a regulatory crackdown by Beijing followed by co-founder Jack Ma's bad ...
PRE-PRIMARY SCHOOL TEACHERS TO BLOOM IN COLLEGES ARRESTING SLIPPING FACULTY NUMBERS
- A primary education college was established at Shanghai Normal University on Monday to bring into focus the shortage of kindergarten teachers in the city.
- Zhu Ziqiang, president of the university, said the college will bolster support for teaching staff in preschool education i...
SHANGHAI MOBILE GAME CREATORS BREAK INTO BIG TIME
- From the dormitories at Shanghai Jiao Tong University to Japanese anime, comics and gaming, three postgraduate students came up with their own formula for heralding in the big time in mobile gaming.
- In 2011, Liu Wei, Cai Haoyu and Luo Yuhao honed in with “Fly Me 2 the Moo...
CHINA DESIGNS NEW MAGLEV PROTOTYPE HERALDING SHAPE OF THINGS TO COME
- The train is sitting pretty in the wings to be put to test with a speed of 620Km/hr which it can notch up. Though researchers are in full swing to increase the speed to 800km/h (497mph).
- This talk was just about the new maglev; part of Beijing’s super- charged up plan to ...
CHINA'S STOCK MARKET REPORTS EXTENSIVE GAINS IN 2020
Highlights –
- China's stock market reports extensive gains in 2020.
- In 2020 benchmark Shanghai Composite Index gained 13.87 percent.
- Net inflows through ‘northbound trading’ exceeded 200 billion yuan.
- The cou...
SHANGHAI CUSTOMS REPORTS RISE IN TOTAL FOREIGN TRADE BY 2.2 PERCENT
Highlights –
- Shanghai customs reports rise in total foreign trade by 2.2 percent.
- From January to November, the total exports rose by 0.5 percent to 1.25 trillion yuan.
- Shanghai’s total foreign trade rose to 3.15 trillion yuan (...
CHINA’S JOURNALIST ZHANG ZHAN SENTENCED FOR FOUR YEARS OF IMPRISONMENT
Highlights –
- China’s journalist Zhang Zhan sentenced for four years of imprisonment.
- Zhang Zhan was earlier detained in May for her live stream reporting about COVID-19.
- Shanghai Pudong New District People’s Court on Monda...
ANT GROUP IPO FALLS FROM GRACE WITH SUSPENSION WRITTEN IN BOLD LETTERS
- The Shanghai stock exchange has restricted Ant Group's A-share IPO on its STAR Market, which was previously marked for Thursday, the Chinese exchange said on Tuesday.
- Ant Group has of late reported to China's securities regulator about the significant changes in the reg...
CHINA SHARES INCH HIGHER; ECONOMY DOES A HASTY VOLTE-FACE FROM PREVIOUS STALEMATE
- China shares were up for a change ending higher on previous Tuesday in a relatively weak session, as new-found optimism over resurging consumption lifted the benchmark index, though trade figures showed a slack pace of new home price growth in the world's second-largest economy....
THE EIGHT HUNDRED – CHINESE WAR EPIC BIGGEST BOX-OFFICE DRAW ON EVEN KEEL WITH BLACK PANTHER
- Chinese filmmakers have succeeded yet again.
- Early last year, an unassuming sci-fi blockbuster out of China exploded onto the global box office.
With that movie namely ‘Wandering Earth’ eventually performs so strongly that it put the film on a cres...
KITCHEN HELPER BECOMES RUNAWAY ESPORTS PLAYER WITH UNDYING FAN-BASE
- Peng Yunfei could not have believed this in his wildest dreams that he would one day become a top electronic-sports player having a tens of millions fan-base.
- Furthermore, all this when he was doing paltry kitchen work in a Shanghai restaurant in Xuhui District four years...