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Shanghai
TOPIC
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Shanghai

Shanghai
Shanghai
With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic.
Head of Government
Party Secretary of Shanghai Chen Jining
An electronic board shows Shanghai stock indices in the city’s Lujiazui financial district in March. Photo: Reuters
Banking & finance

Why are Chinese savers moving money out of banks and into tech stocks?

Some commercial lenders have stopped offering long-term deposit products with higher interest rates.

Electric & new energy vehicles

China’s EV giants challenge Tesla in race to commercialise humanoid robots

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China-Japan relations

Has a diplomatic feud prompted China to press pause on Japanese film and music?

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My Take

My Take | China’s Confucian AI vs America’s oligarchic version

Chinese officials and bosses have shown a sense of social responsibility towards citizens and workers. The tech bros in the US are happy to take artificial intelligence wherever they want, as long as they come out on top.

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A robot demonstrates its kicking ability at the 28th China Beijing International High-Tech Expo (CHITEC) in Beijing, China, May 8, 2026. Photo: EPA
China consumption

Gold slump: China’s sales plunge as precious metal’s price dips

While China’s interest in gold is unlikely to fade, investment-grade product sales have dwindled after 15 months of retail growth.

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Banking & finance

Mainlanders can still open bank accounts in Hong Kong despite new rules: HKMA

Some mainlanders have reported having applications to open Hong Kong accounts rejected amid China’s tightening cross-border investment controls.

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Semiconductors

Chinese memory makers step up challenge to Korea’s chip champions

CXMT and YMTC are nearing public listings, giving China’s memory-chip sector fresh firepower in its pursuit of Samsung and SK Hynix.

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Analysts say CXMT’s IPO approval is further evidence that Chinese memory-chip makers are becoming increasingly competitive with their US and Korean rivals. Photo: Getty Images
China jobs

As millions graduate, China urges SOEs, internet firms to offer more jobs

A record cohort of university graduates is entering a relatively weak Chinese job market.

Artificial intelligence

China launches space computing hub as SpaceX gears up for historic IPO

New institute highlights Beijing’s bid to leapfrog energy bottlenecks and underscores how tech race with US is moving off-planet.

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Science

Chinese black hole-hunting scientist Dai Liang quits US for Shanghai post

The physicist who received a fellowship reserved for the ‘brightest young scientists’ in North America has joined Fudan University.

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Dai Liang specialises in finding possible binary black holes. Photo: Handout
China jobs

China’s gaokao exam gets less competitive as more teens opt to skip university

The number of students sitting China’s university entrance exams is on the decline, as teens decide not to pursue a degree amid a graduate job crunch.

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Students walk out of an examination hall after sitting China’s national college entrance exam in the eastern Jiangsu province. Photo: Xinhua
Hong Kong courts

Editorial | New international commercial court will boost Hong Kong as a legal hub

Such tribunals are rapidly growing around the world. Hong Kong cannot afford to be left behind.

Hong Kong stock market

Is Hong Kong losing its tech edge to the mainland’s AI boom?

Chinese investors are shifting from Hong Kong to mainland stocks, driven by AI opportunities and better returns.

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China's military weapons

China’s futuristic stealth sub to boost ‘hunt-and-kill’ capabilities: experts

Satellite images show the vessel under construction has a ‘finless’ design that could improve its manoeuvrability and speed.

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China has put a greater emphasis on underwater warfare, as its combat philosophy shifts from surface warfare to underwater stealth, an analyst says. Photo: AFP
Electric & new energy vehicles

China’s BYD, Chery chart 80% growth overseas as EV demand spikes

‘Eye-catching’ numbers show efforts paying off amid growing brand recognition abroad and tepid sales at home, analysts say.

A shopper passes a display of Chinese-made cars, including models from Chery and Omoda, in a shopping centre in Johannesburg, South Africa, on April 23. Photo: Reuters
China trade

Shanghai urged to unify incentives as EU firms in China flag rising challenges

European chamber pushes for ‘one Shanghai’ policy as survey reveals cross-border capital flow and market access barriers weigh on operations.

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Banking & finance

Hong Kong banks tighten rules in mainland China as Beijing pores over outflows

Some banks are exercising more caution with offshore accounts for their mainland China clients amid tighter investment controls from Beijing.

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Banking & finance

How China plans to turn the AI computing boom into a new financial market

Aimed at attracting capital into hi-tech sectors, the move would be a first for the city and comes weeks after US-based CME Group announced a similar plan.

A view of Lujiazui, Shanghai’s premier financial district, on May 18. Photo: EPA
Science

Chinese AI lets everyday users command quantum computing with natural language

Shanghai-based start-up and researchers unveil platform to turn complex emergent field of computer science into mass-accessible technology.

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Electric & new energy vehicles

Tesla’s China sales surge to 2026 high, but rivals crowd the rear-view mirror

Tesla’s China sales rebounded in May on financing incentives and stronger demand, but local competitors are gaining momentum.

Architecture and design

Marcel Wanders: from knotted chairs to Moooi’s new Shanghai showroom – interview

The Dutch designer champions fun over mere functionality as he introduces the Moooi brand to China and aims to explore cultural individuality.

Marcel Wanders believes that design is not about how well a product functions – it’s about culture, creating something unique and not following other people’s rules. Photo: Handout
China property

Why Shanghai’s property market is rebounding faster than other cities in China

Shanghai is the only Chinese city with a year-on-year increase in primary home prices in the first four months, says S&P Global Ratings.

People walk along the Huangpu River in Shanghai on April 9, 2026. Photo: AFP
Low-altitude economy

How a WeChat mini-program is helping China fine-tune drone regulation

New flight-clearance model is being promoted in Shanghai and Sichuan, but Beijing’s skies remain off-limits.

China property

Food Republic joins wave of foreign brands retreating in China

Singaporean operator leaves capital after 25 years as food court model loses favour amid rise of food delivery, shopping-mall evolution.

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Banking & finance

Why are Asia’s families eyeing liquid assets to secure their children’s wealth?

More of the continent’s parents are providing share portfolios and other assets for their offspring as confidence in property begins to wane.

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Illustration: Davies Christian
China's military weapons

Gu Songfen, pioneering designer of Chinese supersonic fighter jets, dies at 96

The aerodynamics expert was the chief designer of the Shenyang J-8 and a recipient of China’s most prestigious science award.

From the Shenyang J-8 (left) to the next-generation J-36, Chinese fighter design has undergone a massive technological transformation. Photo composite: Wikipedia/Max Smith
Electric & new energy vehicles

Chinese EV makers recover in May but competition fierce amid overcapacity woes

Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost.

Robotics

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush.

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