Shanghai to increase supply of office space

Shanghai's government has said it will expand the supply of new commercial space in the city by three million square metres over the next five years to meet growing demand from multinational corporations.

Tuesday, 19 February, 2008, 12:00am

Top Pudong official fired, faces probe over deals

A top official of Shanghai's premier development zone has been detained for alleged graft, as the city continues to reel from a pension fund scandal that has brought down dozens of corrupt officials and business executives.

11 Oct 2007 - 12:00am

Tomson shares tumble on reports of investigation into suspect sales

Shares of Tomson Group, a Shanghai-focused developer, dived as much as 11.93 per cent yesterday on reports the company is being investigated by the city's housing authorities for allegedly faking transactions in a luxury residential development there to boost interest and prices.

7 Jun 2007 - 12:00am

Shanghai Zendai Property plans to launch US$150m global bond issue

Shanghai Zendai Property, which last month said it planned to spend one billion yuan to acquire land this year, was seeking to raise US$150 million through a five-year, fixed-rate bond sale, sources said.

The deal would be its first global bond offering, they said.

22 May 2007 - 12:00am

Lai See

Temperatures rise as Shanghai's love affair heats up

Shanghai has never been so hot - not just in terms of temperature but also the city's heated infatuation with the stock market.

19 May 2007 - 12:00am

HSBC set to buy Shanghai IFC tower for 5b yuan

Sun Hung Kai Properties is to close selling an office tower at Shanghai IFC, Pudong, to HSBC Holdings for as much as five billion yuan next month, as foreign banks embark on an expansion spree in the mainland's larger cities, according to a mainland report.

14 Apr 2007 - 12:00am

Shanghai surprise

Shanghai Tang is paying tribute to its namesake city. Its new fabrics are printed with images of Shanghai such as the Pudong skyline, the Oriental Pearl Tower and a monochromatic cloud-topped cityscape. The collection also includes traditional pieces embroidered with delicate chinoiserie-style birds and trees on printed lace and the brand's signature embroidered lotus.

28 Jan 2007 - 12:00am

Loans lift Pudong bank half-year earnings 31pc

Shanghai lender sees 1.59b yuan return from higher-yielding property financing

Shanghai Pudong Development Bank, partly owned by Citigroup, says half-year profit jumped 31 per cent as loan growth remained strong despite the government's measures to control credit expansion in the country.

12 Aug 2006 - 12:00am

DHL eyes north Asian hub at Pudong airport

DHL yesterday said it had signed a memorandum of understanding with the Shanghai Airport Authority about creating a north Asian hub at the city's Pudong international airport.

29 Jul 2006 - 12:00am

Pudong on radar of HK airport

Authority enters talks on investment in Shanghai facility's new cargo complex

The Hong Kong Airport Authority is in talks with the owners of Shanghai's Pudong International Airport about investing in the facility's Phase II cargo handling complex, according to a senior official.

28 Jul 2006 - 12:00am

Hopson to sell stake in Shanghai project

Mainland developer Hopson Development Holdings has agreed to sell its stake in a prime commercial project in Shanghai for US$150 million amid the central government's new policy to curb foreign investment in real estate.

26 Jul 2006 - 12:00am

No verdict for woman in US killing of husband

A Shanghai court has held a one-day trial of a mainland woman accused of murdering her student husband in the US, but has yet to announce a verdict.

During Monday's trial at the Shanghai No1 Intermediate People's Court, Chen Danlei, 29, from Sichuan , said she shot her husband He Lei last August because he wanted a divorce, newspapers reported.

12 Jul 2006 - 12:00am

Earnings rise 31pc at Pudong Bank

Lender records net profit of 1.5b yuan after smaller provisions for bad loans

Shanghai Pudong Development Bank, of which Citigroup owns 4.2 per cent, said unaudited net profit rose 31 per cent in the first half this year, which analysts attributed to the smaller provisions it set aside for bad loans.

11 Jul 2006 - 12:00am

Shanghai squirms in ring of steel

Shanghai residents have been engaging in a new pastime this week: swapping stories of extreme security measures and strategies to get to work as the city gears up to host a meeting of the Shanghai Co-operation Organisation on Thursday.

13 Jun 2006 - 12:00am

Shanghai to shut down for summit

Traffic controls for this week's Shanghai Co-operation Organisation meeting will virtually shut down vast areas of the city due to tight security measures.

President Hu Jintao, Russian President Vladimir Putin and the heads of four Central Asian countries will attend the annual summit.

12 Jun 2006 - 12:00am