Government News
Amusement park featuring China's celebrated cartoon figures opens in Shanghai - June 04, 2025
An amusement park featuring some of the most celebrated cartoon figures in China, such as the Monkey King, the Black Cat Sheriff, and the Seven Brothers Gourd, is now open in Shanghai.
Shanghai should deepen ties between asset managers, tech startups, experts say - June 04, 2025
Shanghai should concentrate on building stronger links between asset management firms and the city’s innovative technology sectors, experts said at a recent symposium. Asset managers need to pay closer attention to the full life cycle of tech startups and offer financial services that support them at every stage.
China’s May IPO filings surpass first four months as market rebounds - June 04, 2025
China’s three main stock exchanges accepted more applications for initial public offerings in May than they did in the first four months combined, in a sign that the country’s IPO market is bouncing back.
Shanghai records big jump in departure tax refund - June 04, 2025
Over the past month, as China implemented optimized departure tax refund policies, Shanghai experienced an 86 percent increase in total sales from this channel, with the refunded amount jumping 77 percent year-on-year, surpassing all other locations in the country.
Shanghai airports log record passenger count in first five months on visa-free, tax-refund policies - June 04, 2025
Shanghai's airports handled a record number of passengers in the January to May period of this year, driven by China’s expanded visa-free access policy and the city’s immediate departure tax refunds.
Dragon Boat Festival holiday retail spending hits 20b yuan in city - June 04, 2025
Shanghai recorded nearly 20 billion yuan (US$2.78 billion) of online and offline retail spending between May 31-June 1, up 4.1 percent from the Dragon Boat Festival holiday period between June 8 and 9 last year, the Shanghai Commerce Commission said.
Shanghai's regional HQ environment drives firms' expansion, innovation - June 03, 2025
One common secret of success in China for Det Norske Veritas(DNV) and L'Oreal, global giants in their respective fields, is that they chose Shanghai as their regional headquarters, which has facilitated their solid business performance in the past 20-plus years.
Manufacturing giants to unveil latest digital solutions at Shanghai expo - June 03, 2025
More than 200 manufacturing companies, including industry leaders like Siemens, Rockwell Automation and Huawei Cloud, will gather in Shanghai this month to present their latest digital solutions at the WOD World Manufacturing Digitalization Expo (Shanghai).
Delta Air Lines to relaunch nonstop service between Los Angeles and Shanghai - June 03, 2025
US carrier Delta Air Lines will relaunch nonstop service between Los Angeles and Shanghai on June 2, using its Airbus A350 equipped with the latest onboard amenities, the company said last Friday.
Citigroup appoints corporate banking veteran as new China president - June 03, 2025
Citigroup has appointed Zhang Wenjie, who has 30 years of experience in the corporate and institutional banking sector, as president of the US investment bank's Chinese arm.
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