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27 Jan Shanghai offers financing and land-use support to foreign investors, as city commits to meet 5 per cent economic growth in 2024

Posted at 08:19h in Asia

“We will give more policy guarantees in the areas of land use, energy supply, environmental evaluation and financing, [while] encouraging more foreign companies to invest in green transition, digitalisation and technological innovation,” Gong told a press conference after the close of the annual Shanghai People’s...

22 Jan BlackRock to sell Shanghai office towers acquired for US$167 million in 2018 for 30 per cent discount, sources say

Posted at 08:45h in Asia

BlackRock is seeking to sell an office complex in Shanghai at about a 30 per cent discount to its purchase price, people with knowledge of the matter said, reflecting the sluggish commercial property market in China’s biggest city.The New York-based asset manager is...

21 Jan China property: why an uptick in Beijing, Shanghai home sales is unlikely to last

Posted at 02:00h in Asia

The transactions of new homes in Beijing jumped 38.5 per cent year on year to 6,106 units in December, bringing the total volume of new homes sold across the city to 66,000 units, or 74.9 million square metres. Meanwhile, new home prices rose by 0.17...

14 Jan Chinese etching tools giant AMEC sees 2023 sales rise more than 30% on strong demand from mainland semiconductor fabs

Posted at 12:13h in Asia

Shanghai-based AMEC said in a regulatory filing on Sunday that its 2023 revenue is expected to reach 6.26 billion yuan (US$879 million), up 32.1 per cent from the previous year, on the back of strong domestic demand. The company said it recorded 8.36 billion...

11 Jan Shanghai rolls out measures to bolster equity investment and tech innovation amid economic headwinds

Posted at 09:01h in Asia

Shanghai has unveiled a slew of measures to promote equity investment and technological innovation as part of a drive to entrench its status as a financial hub, as it ramps up efforts to reverse sluggish growth and falling foreign direct investments.It will encourage equity...

09 Jan JD.com’s on-demand delivery unit, Dada Nexus, loses 46 per cent of US stock value overnight amid internal inquiry into potential fraud

Posted at 09:00h in Asia

An on-demand delivery firm affiliated with Chinese e-commerce giant JD.com lost 46 per cent of its stock value in New York on Monday, following an inquiry into “suspicious” data during an internal audit, dealing a fresh blow to confidence in China’s tech stocks....

Shanghai Tag

27 Jan Shanghai offers financing and land-use support to foreign investors, as city commits to meet 5 per cent economic growth in 2024

22 Jan BlackRock to sell Shanghai office towers acquired for US$167 million in 2018 for 30 per cent discount, sources say

21 Jan China property: why an uptick in Beijing, Shanghai home sales is unlikely to last

14 Jan Chinese etching tools giant AMEC sees 2023 sales rise more than 30% on strong demand from mainland semiconductor fabs

11 Jan Shanghai rolls out measures to bolster equity investment and tech innovation amid economic headwinds

09 Jan JD.com’s on-demand delivery unit, Dada Nexus, loses 46 per cent of US stock value overnight amid internal inquiry into potential fraud

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