Government News
Shanghai's regional HQ environment drives firms' expansion, innovation - June 03, 2025
One common secret of success in China for Det Norske Veritas(DNV) and L'Oreal, global giants in their respective fields, is that they chose Shanghai as their regional headquarters, which has facilitated their solid business performance in the past 20-plus years.
Manufacturing giants to unveil latest digital solutions at Shanghai expo - June 03, 2025
More than 200 manufacturing companies, including industry leaders like Siemens, Rockwell Automation and Huawei Cloud, will gather in Shanghai this month to present their latest digital solutions at the WOD World Manufacturing Digitalization Expo (Shanghai).
Delta Air Lines to relaunch nonstop service between Los Angeles and Shanghai - June 03, 2025
US carrier Delta Air Lines will relaunch nonstop service between Los Angeles and Shanghai on June 2, using its Airbus A350 equipped with the latest onboard amenities, the company said last Friday.
Citigroup appoints corporate banking veteran as new China president - June 03, 2025
Citigroup has appointed Zhang Wenjie, who has 30 years of experience in the corporate and institutional banking sector, as president of the US investment bank's Chinese arm.
Shanghai's total import and export value reaches $195b in the first four months - June 03, 2025
Shanghai's total import and export value ticked up 1 percent year-on-year to 1.4 trillion yuan ($195 billion) during the first four months of the year, the data released by the Shanghai customs on last Friday showed.
Millions of tourists in town for Dragon Boat holiday - June 03, 2025
Shanghai took in 12.477 billion yuan (US$1.73 billion) in tourism-related spending during the three-day Dragon Boat Festival holiday, a 3.3-percent year-on-year increase, according to the Shanghai Administration of Culture and Tourism.
Penske drives to maiden one-two at FE Shanghai E-Prix - June 02, 2025
Team DS Penske dominated the first round of the 2025 Formula E Shanghai E-Prix at Shanghai International Circuit last Saturday, with Maximilian Günther and Jean-Eric Vergne sealing the top and second positions on the podium.
Shanghai drug firms view Hong Kong as "super-connector" for global expansion, official says - June 02, 2025
As Hong Kong and Shanghai’s biopharmaceutical ecosystems become increasingly intertwined, Shanghai is looking to leverage Hong Kong as a “super-connector” to help local drugmakers break into global markets, according to a Shanghai government official overseeing the development of the biomedical industry.
Explosive US orders spark high demand for freight container space in Shanghai - June 02, 2025
A surge in US orders has led to a high demand for freight container space in Shanghai, following a 90-day tariff reduction agreement between the US and China on May 12.
Shanghai’s financial clout grows as city handles nearly half of China’s cross-border Yuan flows - June 02, 2025
Shanghai's cross-border yuan settlement expanded to nearly CNY30 trillion (USD4.17 trillion) last year, making up almost half of the national total and underscoring the eastern city’s growing significance as a global financial hub.
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