Didi may list in HK without raising cash
Shanghai News

Didi may list in HK without raising cash

CHINA’S ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. The plans come...
June target as city sets out timetable to exit lockdown
Shanghai News

June target as city sets out timetable to exit lockdown

SHANGHAI yesterday provided its clearest timetable yet on lifting the COVID-19 lockdown, as the city government plans to fully restore normal life from June 1. Vice Mayor Zong Ming said that Shanghai would reopen in stages, with movement curbs largely to remain in place until Saturday...
Limited movement of residents allowed in some local districts
Shanghai News

Limited movement of residents allowed in some local districts

Districts in Shanghai which achieve zero community transmission at first will allow their residents to move around in limited areas, local authorities announced yesterday as the city’s daily COVID-19 infection numbers maintained their downward trend. A limited number of residents will be allowed to conduct minimal...
Shanghai achieves steady recovery in container volume
Shanghai News

Shanghai achieves steady recovery in container volume

As Shanghai steps up resumption of businesses after containing the recent COVID-19 resurgence, the coastal city, a major transportation hub, has seen its container throughput recover to more than 80 percent of normal capacity. According to Shanghai International Port Group, the city’s daily container throughput reached...
Foreign-invested firms on ‘white list’ to resume work
Shanghai News

Foreign-invested firms on ‘white list’ to resume work

A TOTAL of 247 foreign-invested companies in Shanghai are included in the first batch of 666 companies on the city’s “white list” designed to support firms to resume production amid the COVID-19 lockdown, an official said yesterday. The companies are mainly in key sectors, including integrated...
Pandemic fight safeguards global supply chains
Shanghai News

Pandemic fight safeguards global supply chains

A Chinese city’s swift return to normalcy following a COVID-19 outbreak has served as the latest proof of China’s efforts to strengthen global supply chains strained by the surging pandemic. Shenzhen, a tech hub in southern China, has seen government offices and businesses resume normal work...
Sauntering out while staying in
Shanghai News

Sauntering out while staying in

Being locked at home hasn’t dented public enthusiasm for exploring the city. Now, modern mapping technology makes it possible for people to “walk” in the city without breaching coronavirus restrictions and to share the experience with others. Lavater Ye, who is in the customs declaration business...
‘Venue code’ scanning to be way of life in virus fight
Shanghai News

‘Venue code’ scanning to be way of life in virus fight

Shanghai residents are required to scan the “venue code” or receive checks from the “digital sentry” — a comprehensive code-scanning and temperature-check machines — to enter or leave public venues and communities. Some public sites will also require the 48-hour negative polymerase chain reaction test result,...