TOPIC

/ location

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

last updated:

23 October, 2024

Accidents and disasters in China

Construction crane falls onto train in Shanghai

No injuries were immediately reported after an arm of a tower crane hit a running metro train in Shanghai

23 Dec 2024 - 12:46PM

Business of climate change

Hang Lung pushes for faster decarbonisation in construction sector

22 Dec 2024 - 10:00AM

China trade

‘Resilient’ trade gains see Shenzhen poised to overtake Shanghai despite US tech siege

20 Dec 2024 - 8:00PM

China property

China home prices show signs of stabilisation after months of decline

In November, new home prices in China’s four top-tier cities were unchanged from a month earlier, following 13 months of declines.

16 Dec 2024 - 3:06PM

Workers install windows at a residential project in Shanghai. Photo: Reuters

China property

China’s housing market rout is ending as policy actions revive sales

Bullish signals emerge in hot ‘off-season’ secondary home sales in November, tax incentive in December.

15 Dec 2024 - 10:00AMvideocam

Electric & new energy vehicles

Chinese EV maker Jiyue to cut operations in bid to stay in brutal race

Some projects will be scrapped and some business units merged in an ‘all-out’ effort towards ‘rebirth’, CEO says.

12 Dec 2024 - 7:30AMvideocam

China property

China property: a tale of rising sales and falling prices in top cities

Too early to conclude China’s real estate sector has bottomed out, Nomura’s chief China economist Lu Ting says.

11 Dec 2024 - 4:30PM

Scale models of residential buildings are displayed at a property fair in Shenzhen, where second-hand homes sales surged to a three-year high last week. Photo: Reuters

Banking & finance

China pushes M&A to build 10 hi-tech firms to be globally competitive by 2027

The industries in question include integrated circuits, biopharmaceuticals and new materials.

11 Dec 2024 - 4:56PM

China property

Shanghai Disneyland tightens wheelchair rules to curb misuse

Change follows complaints that able-bodied guests were renting powered wheelchairs to bypass queues and speed through the park.

10 Dec 2024 - 7:29PMvideocam

China property

Swire sees robust demand for flats at first mainland China residential project

Swire Properties said 94 per cent of the units at a residential project in Shanghai were sold.

10 Dec 2024 - 3:09PM

A rendering of the Lujiazui Taikoo Yuan Residences. Photo: Swire Properties

Food and Drinks

6 trendy Shanghai bistros for great meals, cosy interiors ... and an alpaca

These bistros are popular with Shanghai diners for their informal surroundings and reasonable prices. One of them has an unusual house pet.

9 Dec 2024 - 1:56PM

La Blanche is a chic European diner on Shanghai’s Hengshan Road. Photo: Xiaohongshu/@shirleyliw

Food and Drinks

How Shanghai’s academic Bunker bar is redefining intellectual nightlife

Bunker went viral this year, pioneering a new trend: academic bars, where people and professors meet to discuss burning topics over tipples.

7 Dec 2024 - 10:15AM

Formula One (F1)

‘150 million fans’: Shanghai to remain on F1 calendar until at least 2030

The 5-year deal, announced at the season-ending race in Abu Dhabi, starts just as Chinese driver and drawcard Zhou Guanyu leaves the grid.

6 Dec 2024 - 8:12PM

Biomedicine: Companies

Hong Kong residents reticent to get latest Covid-19 jab, Moderna survey finds

About 52 per cent of Hong Kong respondents said they were willing to get the updated vaccine, compared with 58 per cent in Singapore.

4 Dec 2024 - 8:22PM

Moderna’s survey results indicate a “growing complacency” even as coronavirus variants continue to evolve. Photo: Shutterstock

Commodities

Mitsubishi loses US$90 million in suspected China copper fraud

Mitsubishi dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorised trades with local companies.

4 Dec 2024 - 12:07PM

A view of the Zhengzhou Commodity Exchange in Henan province on April 3, 2019. Photo: Imaginechina.

China's economic recovery

Will Taylor Swift accept Hangzhou’s outstretched hand for a China show?

Keen to capitalise on the economic windfall that comes from big-name international performers, Chinese cities are making a concerted effort to host high-profile concerts.

3 Dec 2024 - 8:30PMvideocam

Renewable energy

China needs new clean-energy tech investments after wind and solar boom

Greater capital is required in areas such as energy storage, hydrogen and sustainable aviation fuel.

3 Dec 2024 - 4:42PM

Artificial intelligence

Tsinghua University-fostered start-up to widen test of AI-based virtual hospital

The Agent Hospital developed by Tairex, formed under Tsinghua’s Institute for Al Industry Research, will conduct public tests next year.

2 Dec 2024 - 9:37PM

The virtual Agent Hospital features 42 AI doctors covering 21 departments that include emergency, respiratory, paediatrics and cardiology. Photo: Shutterstock

Luxury brands

Swiss luxury watch brand Audemars Piguet makes timely entry in Macau

The watch maker is sprucing up its showroom in Hong Kong and opening more in Shanghai, Beijing and Taipei, CEO Ilaria Resta says.

2 Dec 2024 - 7:50PM

Electric & new energy vehicles

Renault goes on China hiring spree to bolster EV push at home

‘We are there to learn and we will integrate this knowledge into our own teams,’ in France, an officer says.

29 Nov 2024 - 1:03PM

China’s Communist Party

China investigates head of Shanghai’s free-trade zone for corruption

Zhu Zhisong, Communist Party chief of Pudong New Area, is among a number of aerospace veterans under a cloud.

27 Nov 2024 - 6:38PMvideocam

The party chief of Shanghai’s Pudong New Area, Zhu Zhisong, has been placed under investigation on suspicion of corruption. Photo: Weibo/侠客岛

China economy

Shanghai banks on top international artists to draw tourism spending

A recent month-long arts festival drew 20,000 visitors from abroad, according to organisers, boosting officials’ confidence in the strategy.

24 Nov 2024 - 9:00AM

A scene in dance drama Azure After The Rain, staged during the China Shanghai International Art Festival in 2024. Photo: Handout

Mergers & Acquisitions

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

22 Nov 2024 - 4:13PM

Banking & finance

Editorial | More growth ahead as cross-border Connect turns 10

Status of Hong Kong as offshore financial hub for mainland China has been greatly enhanced by ever-widening investment scheme.

21 Nov 2024 - 6:30AM

China property

Shenzhen joins Beijing and Shanghai in offering tax breaks to boost home sales

Homeowners will not have to pay value-added tax when reselling their property after two years.

20 Nov 2024 - 9:54AMvideocam

Shenzhen on Tuesday announced tax breaks on large homes to spur sales. Photo: Getty Images

SCMP Highlights

Recap | Smog shuts New Delhi schools, Shanghai tops pollution list: 6 environment stories

From India’s toxic smog crisis to McDonald’s tackling cow methane, explore the global fight against pollution in our latest stories on the environment.

19 Nov 2024 - 4:13PM

People drive amid heavy smog near New Delhi, India, this month. Pollution levels in the Indian capital have soared way above WHO recommended limits. Photo: EPA

Art

Shanghai Art Week generates buzz despite China’s slowing economy

With an estimated 200-plus events and show openings, Shanghai Art Week was a celebration of the Chinese city’s connection to the world.

19 Nov 2024 - 11:15AM

Cop29

Shanghai is world’s most polluting city, says new data revealed at Cop29

While the Chinese city was found to be worse than all of Colombia or Norway, a site in Texas ‘is the worst polluting site in the entire world’.

15 Nov 2024 - 10:17PMvideocam

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