Business


Shanghai launches pilot cross-border reinsurance tool allowing assumed premiums to be allocated to overseas assets - October 29, 2026

Shanghai launched a cross-border reinsurance pilot allowing selected insurers to invest income from such business overseas without outbound quota limits, with a USD1 billion quota.


2026 Hongqiao Hub Conference unveils its theme - October 29, 2026

The 2026 Hongqiao HUB Conference will be held in Shanghai on Nov 6, focusing on how Hongqiao can help Chinese businesses expand overseas.


Shanghai aims to become leading global maritime city by 2030 - October 29, 2026

Shanghai has released a 2026-30 maritime development plan aimed at making it an internationally leading modern maritime city by 2030, with marine industry output of at least 350 billion yuan.


Shanghai unveils new action plan to boost SMEs - October 29, 2026

Shanghai has unveiled a 21-measure action plan to support small and medium-sized enterprises, focusing on financing, cost reductions, innovation and market access.


AUDI’s China reset sees new wordmark and iconic four-ring brands split between joint ventures - October 28, 2026

Audi will split its two Chinese joint ventures by brand, with SAIC Audi focusing on EVs under the new AUDI wordmark and FAW Audi taking over the four-ring logo.


L'oréal marks 9th CIIE with the beauty odyssey, global art and new brand debuts - October 28, 2026

L'Oréal will unveil its Beauty Odyssey showcase at the 9th CIIE, featuring a global AI art installation premiere and five new brand debuts in China.


Shanghai targets 8,000 humanoid robots in factory push by 2028 - October 28, 2026

Shanghai aims to deploy 8,000 humanoid robots in factories and achieve full smart factory coverage for key enterprises by 2028 as part of a major AI manufacturing push.


Shanghai unveils ambitious plans for US$60-billion energy equipment industry by 2029 - October 28, 2026

Shanghai plans to grow its energy equipment industry to 400 billion yuan by 2029 under a three-year action plan, building three industrial clusters and developing flagship products.


Shanghai targets usd12 billion satellite internet industry, 3,000 orbiting satellites by 2030 - October 28, 2026

Shanghai has unveiled a four-year action plan to build a satellite internet industry worth over CNY80 billion by 2030, with more than 3,000 satellites in orbit.


Experts explore import expo's role in driving growth - October 27, 2026

Experts gathered at the Shanghai Academy of Social Sciences on October 27 to explore opportunities presented by the ninth China International Import Expo (CIIE), which opens on November 5.


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