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Shanghai
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Shanghai

Shanghai
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
A Zhuque-3 rocket by China’s private rocket firm LandSpace takes off from the Jiuquan Satellite Launch Centre. Photo: Handout
Mainland China

China’s rocket start-ups push the envelope as IPOs gather pace

A policy-backed push to build commercial space champions is reshaping China’s IPO pipeline, with regulators signalling faster pathways.

IPO

China’s Fosun Pharma eyes spin-off Hong Kong IPO of vaccine unit

Science

A mother’s mind appears restored: might ultrasound be a cure for Alzheimer’s?

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Commodities

China unveils 18-point plan to boost global non-ferrous metals pricing power

The move is aimed at strengthening the links between the futures, spot and derivatives markets for non-ferrous metals and Shanghai’s role.

Currently, 11 non-ferrous metals futures contracts and 10 options, including copper, are listed on the Shanghai Futures Exchange. Photo: Reuters
Electric & new energy vehicles

China’s flying car makers aim for deliveries this year as passenger use nears

China’s ‘low-altitude economy’ is shifting from concept demos to commercial planning amid surging orders.

Artificial intelligence

China-founded Shanda’s AI lab boosts Singapore operation, pulling China research

MiroMind asks some staff in Shanghai to relocate and continue their AI research work in Singapore, sources say.

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Low-altitude economy

Shanghai to open ‘free-to-fly’ zones covering 46% of city for consumer drones

From February 1, consumer drones will be allowed to fly in designated airspace under new rules to boost the city’s low-altitude economy.

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A drone flies over The Bund in central Shanghai in the evening. Photo: Shutterstock
E-commerce

China fines e-commerce firm PDD for tax violations amid probe

Operator of leading online retail platform was cited for failure to comply with Shanghai’s tax requirements.

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Interiors

This refurbished home is a love letter to old Shanghai

A Hong Kong designer transforms his late aunt’s flat with 1930s East-meets-West glamour.

China's economic recovery

Shanghai unveils road map to rival world cities in finance, tech and innovation

Economic powerhouse has sights set on AI, advanced manufacturing and global financial services, reflecting a national 5-year plan’s first explicit financial-centre directive.

A view of the Lujiazui financial district in Shanghai’s Pudong district is seen through an installation on October 27. The city has its sights set on financial and developmental advancements in the coming years. Photo: AFP
Electric & new energy vehicles

Chinese automotive suppliers speed up localisation to boost global market share

International carmakers’ orders from Chinese vendors are an endorsement of the quality and competitiveness of their products, analyst says.

BYD’s plant in Zhengzhou, central China’s Henan province. Photo: Xinhua
Banking & finance

Hong Kong AFF will showcase city’s ‘superconnector’ role

Titled Co-creating New Horizons amid an Evolving Landscape, the annual government flagship event will run from January 26 to 27.

China trade

Harbouring ambitions: China’s port giants make waves with record growth

Record container volumes drive ambitious expansions at Shanghai and Ningbo ports as Beijing bets on smart hubs and regional integration to weather global volatility.

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China property

Mainland China’s home prices extend slide, deepening property downturn

New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.

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People skate on a frozen lake at Chaoyang Park in Beijing, with residential buildings in the background. Photo: AP
Hong Kong stock market

Hong Kong stocks slip as China’s quarterly growth slows and tariff threat weighs

Hang Seng Index drops as mainland China’s growth moderates in the fourth quarter and the US threatens Europe with new tariffs.

A view of Hong Kong Exchanges and Clearing in Exchange Square, Central. Photo: Sun Yeung
Electric & new energy vehicles

Chinese electric vehicle makers eye Western markets as trade barriers fall

Canada will drop the 100 per cent punitive tariffs on Chinese-made pure electric cars while setting an annual import quota of 49,000 units.

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Hong Kong economy

Hong Kong steps up bid to become global gold trading hub with Shanghai agreement

Two cities set to sign memorandum of understanding at the 19th Asian Financial Forum next week, paving way for cross-border gold trade clearing.

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China property

Hotel conversions gain traction in China’s office market amid high vacancies

In Hangzhou, one office building now houses around 10 hotels, alongside restaurants, photography studios and second-hand luxury stores.

Hotel operators are seeking lower-cost, well-located space, and office landlords are looking to reduce vacancy, says James Macdonald, head of research for China at Savills. Photo: Handout
China exports

Can China’s cosmetics brands rival K-beauty and refashion global markets?

Once the top export market for South Korean cosmetics, Chinese firms lead at home and have made headway overseas – but gaps remain.

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China economy

Opinion | China’s economy is struggling – even as its hi-tech sector booms

China’s pivot to a tech-driven economy is thrilling, but its success will be judged by how it improves people’s everyday lives.

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Timepieces

The Swatch x Guggenheim range is released as Swatch Art Peace Hotel turns 15

4 new collectable Art Journey watches feature works by artists Claude Monet, Jackson Pollock, Edgar Degas and Paul Klee.

The 2026 Swatch Art Journey range is a collaboration with the Guggenheim New York and the Peggy Guggenheim Collection in Venice. Photo: Handout
US-China trade war

A Chinese tech hub eyes 3- to 7-nanometre chip breakthroughs to beat US curbs

Province’s five-year plan backs national push for tech independence – but can it succeed?

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China is world’s largest chip manufacturer, demonstrating the country’s superiority in global supply chain. Photo: Shutterstock
Electric & new energy vehicles

China’s subsidy change adds to EV makers’ stress, while petrol cars gain

Typical subsidy on an EV drops by around US$1,150, changing buyer calculations and exacerbating the sector’s profitability woes.

China airliners

Exclusive | European test pilots put China’s C919 airliner through paces in Shanghai

European Union Aviation Safety Agency test flights a crucial step in acquiring certification needed for global operation.

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Artificial intelligence

Jailed Chinese AI chatbot developers appeal in landmark pornography case

Defendants given prison sentences for creating sexual content for profit via their AI emotional companions.

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The case, related to AI-generated images, has prompted debate in China’s legal community. Photo: Shutterstock
Electric & new energy vehicles

China’s EV makers face slowdown in export growth after doubling in 2025

Chinese carmakers sold more than 2.6 million units to overseas markets last year, up 104 per cent from a year earlier, association says.

Vehicles await export at Yantai Port in east China’s Shandong province on January 14, 2026. Photo: Xinhua
Hong Kong entertainment

Hong Kong Cantopop singer Raymond Lam cancels 2 concerts in Japan

Lam’s shows scheduled for January 31 and February 1 at the Tokyo Garden Theatre have been postponed indefinitely.

IPO

Alibaba, JPMorgan said to back Chinese chip firm’s Hong Kong listing

Montage Technology could raise up to US$900 million in an IPO as soon as this month, sources say.

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