Shanghai

New Business

Chinese gobble up goods as subsidy scheme, trade-ins fuel consumption, but can it last?

With a renewed focus on expanding demand this year, China has revamped its consumer products trade-in programme, and doubled down…

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New Business

China’s Sany Heavy Industry eyes US$1.5 billion Hong Kong IPO, sources say

Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two…

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New Business

Shanghai’s Temple Square mall sells below valuation in auction amid debt crisis

China’s commercial property market set another marker after a bankrupt state-linked developer sold Temple Square, an abandoned shopping complex in…

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New Business

Hong Kong to ease IPO rules for mainland Chinese firms in boost for global ambitions

Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock…

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China’s richest cities say medical costs are bleeding dry health insurance funds

A number of major Chinese cities have reported worrisome deficits in their government-run health insurance funds, as rising medical costs…

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New Business

Chinese stock bulls add to record buying spree in Hong Kong as DeepSeek fuels rally

Mainland Chinese funds bought more stocks in Hong Kong this year to add to their record buying spree in 2024,…

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New Business

China’s rust-belt regions at risk of being left behind as coastal economies surge

Traditional economic pillars of China’s rust-belt provinces – including property and the fossil fuel industry – have come under considerable…

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New Business

Exclusive | Alibaba pairs with Apple to develop AI features for China iPhones: sources

China’s Alibaba Group Holding has entered a partnership with US consumer electronics giant Apple to develop AI features for iPhones…

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New Business

Analysts expect China property market recovery in 2025 after seeing improvement in January

Analysts believe a broad recovery in China’s property market would come this year, after new home prices in first-tier cities…

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New Business

Geely, Xpeng EV models threaten market leaders with cheaper, more intelligent cars

Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals,…

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