Boeing Shanghai Aviation Services opens a new maintenance facility capable of servicing up to six aircraft simultaneously. [Photo provided to chinadaily.com.cn] A Boeing-backed aircraft maintenance joint venture in Shanghai has opened a new maintenance facility capable of servicing up to six aircraft simultaneously, expanding capacity as global airlines seek additional maintenance, repair and overhaul services…
China will establish a new liquidity facility for overseas central banks and official institutions, People’s Bank of China Governor Pan Gongsheng said, in what analysts described as a proactive step toward boosting global demand for yuan assets. Speaking at the 2026 Lujiazui Forum on Wednesday, Pan announced the establishment of the RMB Repo Facility for…
Twenty-six financial institutions signed Cross-border e-CNY Transfer Services direct participant agreements with e-CNY Center International Co in Shanghai on Tuesday, becoming the first group to gain access to CBETS, a cross-border blockchain-based infrastructure service platform designed to support the international use of the digital yuan. Developed and operated by e-CNY Center International Co, the platform…
The new epicenter of innovation hustle is a university carnival in Guangzhou, South China’s Guangdong province, where students with AI plush toys and new materials rub shoulders with company leaders and global investors — welcome to 2026 INNOTECH. The Hong Kong University of Science and Technology (Guangzhou) hosted its fourth edition of INNOTECH from June…
SHANGHAI — Technology stocks now make up more than 30 percent of the total market capitalization of China’s A-share market, the country’s securities regulator said on Wednesday. A steady stream of quality innovative firms has gone public efficiently, accelerating the mutual reinforcement between the capital market and the growth of new quality productive forces, said…
Following a leadership shake-up at Sam’s Club China’s chairman level, the company’s chief merchandising officer role has also seen a transition. On June 17, Zhang Qing, chief merchandising officer of Sam’s Club China, resigned for personal reasons and will officially step down at the end of June 2026. In response, Sam’s Club said it is…
An action plan to develop offshore finance in Shanghai was released on Wednesday, as the two-day 2026 Lujiazui Forum kicked off. To better address companies’ outbound reaches, Shanghai, as an international financial center, should have the business rules and systems for offshore finance initially established by the end of 2027, according to the action plan…
BEIJING — China will host the 2026 World Artificial Intelligence (AI) Conference and High-Level Meeting on Global AI Governance in Shanghai this July, a Chinese official said Wednesday. “China looks forward to taking the conference as an opportunity to further strengthen international cooperation on AI with all parties,” said Zhou Haibing, deputy head of the…
SHANGHAI — China’s central bank governor Pan Gongsheng on Wednesday announced six new financial policy measures at the 2026 Lujiazui Forum. While delivering a speech at the two-day event opening Wednesday, Pan said the People’s Bank of China will work to improve the short-term interest rate regulation mechanism, launch a renminbi repo facility for foreign…
China is becoming a key part of the global mobility landscape, according to Uta Schneider, vice-president of global government affairs at Avanci, who attended the seventh Qingdao Multinationals Summit being held in Shandong from June 15 to 17. Schneider said Chinese automakers are playing a major role in shaping the future of intelligent connected vehicles,…