Government News
China’s growing demand for luxury homes drives land auction premiums in key cities - June 22, 2026
Land for housing development in the core areas of China’s key cities is increasingly commanding unusually high premiums at auction, as builders scramble for prime plots to develop much sought-after luxury homes.
Max Mara revisits icons for anniversary year in Shanghai - June 22, 2026
Italian luxury fashion brand Max Mara unveiled its 2027 Resort Collection at the Long Museum in Shanghai on June 16, followed by the opening of "THE MAX!", a special archive exhibition celebrating the brand's 75th anniversary, which runs from June 17 to 28.
Shanghai's Changxing Ocean Lab pioneers advances in ocean engineering - June 22, 2026
The Changxing Ocean Laboratory was officially inaugurated last Thursday on Shanghai's Changxing Island, a world-class hub for modern shipbuilding and advanced manufacturing of marine engineering equipment.
CARsgen’s solid-tumor CAR-T therapy nears China approval, a global first - June 22, 2026
CARsgen Therapeutics Holdings has entered the final stage of China’s marketing approval process and could become the world’s first approved CAR-T treatment for solid tumors before the end of this year, Yicai learned from multiple sources.
New animation space opens in Shanghai - June 21, 2026
The new Shanghai Animation Space, previously the Shanghai Animation Film Studio (SAFS), began trial operations last Friday.
ByteDance is in talks to buy Iluvatar AI Chips, sources say - June 21, 2026
Chinese internet giant ByteDance is in talks with Iluvatar CoreX Semiconductor to purchase 50,000 artificial intelligence chips, according to industry sources.
LME to launch steel HRC contract using Shanghai Futures Prices in October - June 21, 2026
The London Metal Exchange will list the LME Steel Hot Rolled Coil Shanghai contract in October with a settlement price benchmarked on the Shanghai Futures Exchange's HRC futures, enabling global investors to directly reference and adopt Chinese steel prices for trading, hedging, and price discovery.
Over 300 AI products to make their global debut at WAIC this year - June 21, 2026
More than 300 artificial intelligence products are expected to make their global debut at the upcoming 2026 World AI Conference and High-Level Meeting on Global AI Governance, which will also host a high-level, international top-tier academic conference on AI for the first time.
New innovation hub launched in Shanghai to propel S&T advancements - June 21, 2026
Focusing on future industries, such as quantum computing, brain-inspired intelligence, and brain-computer interfaces, the Future Valley C8 Innovation Hub — jointly developed by Fudan University and Shanghai's Yangpu district — was officially launched last Wednesday.
Shanghai reports consumption jump during shopping festival - June 21, 2026
The 7th Shanghai Double Five Shopping Festival had laid on 21 IP events and more than 100 promotional activities across the city's commercial districts, brand enterprises and e-commerce platforms as of the end of May.
