Business
Shanghai film festival generates nearly 5.3 billion yuan in economic benefits - June 23, 2026
The 28th Shanghai International Film Festival has generated almost 5.3 billion yuan (about 777.7 million U.S. dollars) in economic benefits, up nearly 6 percent compared with the previous edition, its organizers said.
China chip stock investors cash out nearly USD1 billion in June after sharp rally - June 22, 2026
Following a steep runup in semiconductor shares, a mix of state-backed funds, venture capital firms, and corporate executives have cashed out more than CNY6.7 billion (USD989 million) from seven chip stocks on Shanghai’s Nasdaq-style Star Market since the start of this month, Yicai calculated based on incomplete figures.
Boeing Shanghai Aviation Services opens a huge maintenance facility - June 22, 2026
A Boeing-backed aircraft maintenance joint venture in Shanghai has opened a new maintenance facility capable of servicing up to six aircraft simultaneously, expanding capacity as global airlines seek additional maintenance, repair and overhaul services amid growing fleet demand.
China’s growing demand for luxury homes drives land auction premiums in key cities - June 22, 2026
Land for housing development in the core areas of China’s key cities is increasingly commanding unusually high premiums at auction, as builders scramble for prime plots to develop much sought-after luxury homes.
Max Mara revisits icons for anniversary year in Shanghai - June 22, 2026
Italian luxury fashion brand Max Mara unveiled its 2027 Resort Collection at the Long Museum in Shanghai on June 16, followed by the opening of "THE MAX!", a special archive exhibition celebrating the brand's 75th anniversary, which runs from June 17 to 28.
Shanghai's Changxing Ocean Lab pioneers advances in ocean engineering - June 22, 2026
The Changxing Ocean Laboratory was officially inaugurated last Thursday on Shanghai's Changxing Island, a world-class hub for modern shipbuilding and advanced manufacturing of marine engineering equipment.
CARsgen’s solid-tumor CAR-T therapy nears China approval, a global first - June 22, 2026
CARsgen Therapeutics Holdings has entered the final stage of China’s marketing approval process and could become the world’s first approved CAR-T treatment for solid tumors before the end of this year, Yicai learned from multiple sources.
New animation space opens in Shanghai - June 21, 2026
The new Shanghai Animation Space, previously the Shanghai Animation Film Studio (SAFS), began trial operations last Friday.
ByteDance is in talks to buy Iluvatar AI Chips, sources say - June 21, 2026
Chinese internet giant ByteDance is in talks with Iluvatar CoreX Semiconductor to purchase 50,000 artificial intelligence chips, according to industry sources.
LME to launch steel HRC contract using Shanghai Futures Prices in October - June 21, 2026
The London Metal Exchange will list the LME Steel Hot Rolled Coil Shanghai contract in October with a settlement price benchmarked on the Shanghai Futures Exchange's HRC futures, enabling global investors to directly reference and adopt Chinese steel prices for trading, hedging, and price discovery.
