Category: Shanghai News

$400 Hairy Crabs Are Selling Out in China as Consumers Splurge

Late in the afternoon on a recent weekday, workers at an aquaculture farm near Shanghai used long pincers to move 300-gram crabs from muddy ponds into small pools of freshwater. By morning, the crabs ……


China Targets Alternative-Fuel Vehicles Reaching 20% of Sales by 2025

The government is setting an ambitious target as domestic and international automakers invest in the world’s largest market….


Watchdogs hold talks with Ant as China releases draft online lending rules

China’s central bank and three financial regulators held talks with Ant Group’s top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending….


BRIEF-Shanghai Exchange Filing Shows Block Trade Of China Pacific Insurance’s A-Shares Involving 426.1 Mln Yuan

SHOWS BLOCK TRADE OF CHINA PACIFIC INSURANCE’S 601601.SS 13.6 MLN A-SHARES INVOLVING 426.1 MILLION YUAN ($63.69 million) ON NOV 2 Source text in Chinese: Further company coverage: ($1 = 6.6901 Chines ……


China state banks plan curbs on metals, forex trades if U.S. election fuels volatility

Two major state-owned Chinese banks warned on Monday that they could restrict trading of precious metals and foreign exchange products if this week’s U.S. presidential election fuels market volatility ……


New energy vehicles to make up 20% of China’s new car sales by 2025

SHANGHAI (Reuters) – Sales of electric, plug-in hybrid and hydrogen-powered vehicles in China, the world’s biggest auto market, are forecast to rise to 20% of overall new car sales by 2025 from just 5 ……


China expects sales of NEVs to make up 20% of total new sales by 2025

SHANGHAI (Reuters) – Sales of new energy vehicles (NEV) in China, the world’s biggest auto market, will jump to 20% of overall new car sales by 2025 from just 5% now, the State Council said on Monday….


China presses ahead with smaller import fair amid pandemic

China will hold a scaled-down version of its annual import fair in Shanghai this week, a rare in-person trade event held during the pandemic and a chance for the country to show its economic ……


JPMorgan One Step Closer To Fully Owning China Securities Venture

JPMorgan Chase & Co (NYSE: JPM) now controls 71% of its Chinese securities joint venture after it bought a 20% stake from a local partner, Reuters reported Sunday. What Happened: The stake in the ……


Hong Kong and China markets rebound from sell-off as investors shrug aside rising global coronavirus infections

Hong Kong and China markets started the first trading day of the month on a positive note following a sell-off last week, as investors shrugged aside rising global coronavirus infections. Market ……