#Shanghai Stock Exchange

[leftreviewonline]

(via STAR Market helps tech-focused firms fuel China’s new quality productive forces - Left Review Online)

[vvstockzone]

A stock exchange is a commercial venue where investors can purchase and sell financial instruments such as bonds, stocks, commodities, derivatives, and other financial instruments. The most potent element of the financial market is this. It also acts as a gauge for the state of the economy and a major representation of global economic strength. The top ten biggest stock exchanges worldwide are described in this article.

[accio-victuuri]

wang yibo - (cut) war of faith preview scene

It exploded at the beginning! Tensions are rising everywhere in Shanghai. Your life is hanging by a thread when you go out in the car, the stock exchange suddenly plummets at the opening, and you can even encounter a rooftop battle?

[mademoiselle-red]

Please tell me that tax news about liu isn't real😭 i can't lose him looking that gorgeous in "kill me love me" for it to NOT AIRRRR

Please 🥺

The company Liu Xueyi works for, 欢瑞世纪 H&R Century, released a statement yesterday through Liu Xueyi’s management office saying the tax evasion rumors on social media are false and that they will take legal action against the accounts that spread those rumors for damaging Liu Xueyi’s public image.

Additionally, Liu Xueyi doesn’t have an independent entertainment firm of his own. He and everyone in his management office are full time employees of H&R Century, a public company traded on the Shanghai stock exchange with a market cap of 3.3 billion CNY. All of Liu Xueyi’s earnings have to go through H&R Century’s corporate finance department, which then gets audited on a quarterly basis and then published in their investor reports. Publicly traded companies face a lot of scrutiny from the Chinese stock exchange commission and tax regulators, so if a whistleblower did in fact have proof of corporate tax evasion, they’d go directly to the regulators rather than spread rumors about one of the company’s managed talents on social media 😂

[argumate]

hmm the SSE Composite Index (Shanghai stock exchange) is trading at levels it first reached back in... 2007, as is the Hong Kong index and the Shenzhen index, there has been no growth whatsoever in publicly listed private industry for sixteen years.

of course 2007 was just before the GFC and the boom/bust cycle can make growth look bombastic or anemic depending on exactly where you choose to start: the Australian stock exchange has swung wildly but is only up 10% overall since that time and the London stock exchange is only up 17% since 2000.

[brookstonalmanac]

Events 2.27 (after 1940)

1940 – Martin Kamen and Sam Ruben discover carbon-14. 1942 – World War II: During the Battle of the Java Sea, an Allied strike force is defeated by a Japanese task force in the Java Sea in the Dutch East Indies. 1943 – The Smith Mine #3 in Bearcreek, Montana, explodes, killing 74 men. 1943 – The Holocaust: In Berlin, the Gestapo arrest 1,800 Jewish men with German wives, leading to the Rosenstrasse protest. 1951 – The Twenty-second Amendment to the United States Constitution, limiting Presidents to two terms, is ratified. 1961 – The first congress of the Spanish Trade Union Organisation is inaugurated. 1962 – Vietnam War: Two dissident Republic of Vietnam Air Force pilots bomb the Independence Palace in Saigon in a failed attempt to assassinate South Vietnam President Ngô Đình Diệm. 1963 – The Dominican Republic receives its first democratically elected president, Juan Bosch, since the end of the dictatorship led by Rafael Trujillo. 1964 – The Government of Italy asks for help to keep the Leaning Tower of Pisa from toppling over. 1971 – Doctors in the first Dutch abortion clinic (the Mildredhuis in Arnhem) start performing artificially-induced abortions. 1973 – The American Indian Movement occupies Wounded Knee in protest of the federal government. 1976 – The former Spanish territory of Western Sahara, under the auspices of the Polisario Front declares independence as the Sahrawi Arab Democratic Republic. 1988 – Sumgait pogrom: The Armenian community in Sumgait, Azerbaijan is targeted in a violent pogrom. 1991 – Gulf War: U.S. President George H. W. Bush announces that "Kuwait is liberated". 2001 – Loganair Flight 670A crashes while attempting to make a water landing in the Firth of Forth in Scotland. 2002 – Ryanair Flight 296 catches fire at London Stansted Airport causing minor injuries. 2002 – Godhra train burning: A Muslim mob torches a train returning from Ayodhya, killing 59 Hindu pilgrims. 2004 – A bombing of a SuperFerry by Abu Sayyaf in the Philippines' worst terrorist attack kills more than 100 passengers. 2004 – Shoko Asahara, the leader of the Japanese doomsday cult Aum Shinrikyo, is sentenced to death for masterminding the 1995 Tokyo subway sarin attack. 2007 – Chinese stock bubble of 2007: The Shanghai Stock Exchange falls 9%, the largest daily fall in ten years, following speculation about a crackdown on illegal share offerings and trading, and fears about accelerating inflation. 2008 – Jemaah Islamiyah terrorist Mas Selamat Kastari escapes from a detention center in Singapore, hiding in Johor, Malaysia until he was recaptured over a year later. 2010 – An earthquake measuring 8.8 on the moment magnitude scale strikes central parts of Chile leaving over 500 victims, and thousands injured. The quake triggers a tsunami which strikes Hawaii shortly after. 2013 – A shooting takes place at a factory in Menznau, Switzerland, in which five people (including the perpetrator) are killed and five others injured. 2015 – Russian politician Boris Nemtsov is assassinated in Moscow while out walking with his girlfriend. 2019 – Pakistan Air Force JF-17 Thunder downs Indian pilot Abhinandan Varthaman's Mig-21 in an aerial dogfight and captures him after conducting airstrikes in Jammu and Kashmir.

[reportstore]

Supply and Demand: Asia’s Mining Market at a Glance

The times of clear outline between the creating and created universes are a distant memory. Prospering, self-assured youthful economies from all continents have entered the world stage as shippers of labor and products for infrastructure projects, as well as conspicuous exporters and global financial backers.

South and East Asia, drove by new economic forces to be reckoned with India and China, is a locale that is rich with an open door for the mining and metals sector. Be that as it may, more than essentially being a hotbed of mining activity and new projects, Asian companies are quickly catching up with North America and Europe in worldwide mining venture, and consolidations and acquisitions.

This quick ascent, particularly prominent in China, is even more clear in the mining scene as Asian countries try to secure present and future material resources. Notwithstanding China, projects and arrangements in Asia and all around the world are being driven by India, Singapore, Indonesia, Japan and South Korea.

In this preview of Asia's mining market, we investigate the Asian mining companies venturing into the spotlight, as well as recent speculations made to take advantage of the continent's own crude resources. We likewise inquire as to whether unfortunate security systems mean this noteworthy extension comes at too high an exorbitant cost in certain countries.

Vale puts resources into China

Numerous Asian countries are areas of strength for attracting from the world's significant mining companies. Vale, the world's biggest iron metal mining company, which last year outperformed Petrobras as Brazil's greatest exporter with outside deals worth $24bn, has been proactively increasing its presence in China. In December 2010, the company started exchanging on the Hong Kong Stock Exchange (HKSE), the biggest non-financial company ever to exchange publicly in Hong Kong. This clear sign of the company's aim to expand activities in China and Asia is being borne out, as Asia is presently Vale's greatest commodity market.

For more mining market commodity insights, download a free report sample

The Brazilian company is likewise starting to put resources into iron metal projects in China. One of the most conspicuous of these is a joint endeavor organization with Henan-based steelmaker Anyang Iron and Steel on a 1.2-million-ton iron mineral pellet plant. Vale and Anyang are expecting the plant to begin production toward the finish of March 2011.

Vale has additionally collaborated with two Chinese companies to give hardware to its $2.5bn CLN iron metal project in the Brazilian province of Maranhão, with contracts endorsed in Shanghai among Vale and Chinese manufacturers Keda Machinery Manufacturing and Zoomlion in November 2010. Keda will produce five conveyor belts for the project, while Zoomlion will give a reclaimer and two iron metal stackers. The companies will create probably the most elevated capacity hardware in their respective fields at any point worked in China.

Endless supply of the contracts, Vale CEO Roger Agnelli talked confidently about the company's future endeavors in China and with Chinese companies. "Vale will put a great deal in China before very long and we are completely confident that China brings a ton to the table," he said. "We will become together."

However, not just Vale is cooperating with Asian companies, and not just China is welcoming significant interests into mining projects, Merukh Ventures auxiliary PT Merukh Iron and Steel announced in February 2011 that it would contribute $48bn to fabricate two new iron metal plants in the Indonesian province of East Nusa Tenggara to assist with fulfilling the country's skyrocketing demand for steel.

[dtnewswire]

Nuocheng Jianhua's third quarter two thousand twenty-four performance report: Obutinib achieves a new high in revenue, breakthrough in self exemption research and development progress

Nuocheng Jianhua's third quarter performance report for two thousand twenty-four: Obutinib's revenue reaches a new high, with breakthroughs in research and development. Nuocheng Jianhua (Shanghai Stock Exchange code: six hundred and eighty-eight thousand four hundred and twenty-eight; Hong Kong Stock Exchange code: nine thousand nine hundred and sixty-nine) released its third quarter performance report for two thousand twenty-four as of September thirty, two thousand twenty-four, along with recent company developments. Summary of Major Financial Performance: In the third quarter of two thousand twenty-four, the core product of Nuocheng Jianhua, Obutinib, saw a year-on-year increase of seventy-five.five% in revenue, reaching two hundred and seventy-six million yuan [one], marking the highest single quarter revenue since the listing of Obutinib. The company's revenue in the first three quarters increased by forty-five.zero% year-on-year, reaching six hundred and ninety-three million yuan, mainly due to Obutinib being the first and only BTK inhibitor approved for marketing in China for marginal zone lymphoma (MZL indication). This new indication has achieved rapid volume growth this year after being included in medical insurance in two thousand twenty-three. At the same time, the company has built a more experienced team for commercializing blood tumors, demonstrating strong execution capabilities. In two thousand twenty-four, the company's total revenue for the first three quarters was six hundred and ninety-eight million yuan. At the same time, the gross profit margin of Nuocheng Jianhua in the first three quarters of two thousand twenty-four reached eighty-six.zero%, an increase of four.eight percentage points from the same period last year, mainly attributed to the increase in revenue from Obutinib. The company's loss for the first three quarters of two thousand twenty-four narrowed by forty-seven.one% year-on-year, to two hundred and eighty-five million yuan. The company's research and development expenses for the first three quarters of two thousand twenty-four increased by eleven.nine% year-on-year, reaching six hundred and fifteen million yuan. As of September thirty, two thousand twenty-four, the company holds cash and related account balances of approximately seven.eight billion yuan. Strong cash flow will help the company advance more Phase III clinical trials and invest in a competitive product pipeline. Obutinib has been approved for three indications in China and is included in national medical insurance: adult patients with chronic lymphocytic leukemia (r/rCLL)/small lymphocytic lymphoma (r/rSLL) who have received at least one treatment in the past, adult patients with mantle cell lymphoma (r/rMCL) who have received at least one treatment in the past, and adult patients with marginal zone lymphoma (r/rMZL) who have received at least one treatment in the past. Obutinib is the first and only BTK inhibitor approved for marketing in China for the indication of MZL, and has been listed as a Grade I recommended second-line treatment for marginal zone lymphoma (MZL) by the Chinese Society of Clinical Oncology (CSCO) Lymphoma Diagnosis and Treatment Guidelines two thousand twenty-four. In terms of commercialization, the company continues to strengthen its commercialization team and capacity building, continuously improve execution and operational efficiency, and fulfill its commitment to creating value and promoting sustainable growth. Breakthroughs have been made in the research and development of autoimmune diseases, with six major indications poised for development. Autoimmune diseases can affect almost every organ in the body and can occur at any stage of life. The global market for autoimmune diseases is expected to reach $one hundred and eighty-five billion by two thousand twenty-nine. Nuocheng Jianhua is further strengthening its drug discovery platform, developing cutting-edge global targets in the field of autoimm

[todayworldnews2k21]

Chinese tea brand Auntea Jenny hopes to list in Hong Kong · TechNode

Auntea Jenny has joined China’s fruit teas IPO queue in Hong Kong, following peers ChaPanda, GoodMe, and Mixue, in a bid to increase the funding scale amid intensifying industry competition. The Shanghai-founded beverage chain filed its prospectus to the Hong Kong Stock Exchange on Wednesday, with CITIC Securities, Haitong International, and Orient Securities serve as its joint sponsors. Auntea…

[iotexpo]

Industry trend｜A Wuhan wafer foundry company plans to raise RMB 4.8 billion for an IPO

Recently, the official website of the Shanghai Stock Exchange disclosed that the IPO application of Wuhan Xinxin Integrated Circuit Co., Ltd. (hereinafter referred to as "Xinxin Shares") on the Science and Technology Innovation Board was accepted, and Guotai Junan and Huayuan Securities were its joint sponsors.

This is the second company accepted by the Shanghai Stock Exchange in 2024, and the second company accepted for the Science and Technology Innovation Board IPO after the "Eight Articles on Science and Technology".

Xinxin Shares is a semiconductor specialty process wafer foundry company, and its controlling shareholder is the "memory chip brother" Yangtze Memory Technologies Holdings Co., Ltd. (hereinafter referred to as "Changkong Group"). In the past three years, the company's revenue has exceeded 3 billion, but the net profit has fluctuated greatly, especially in 2023, the net profit dropped sharply to 390 million, a sharp decline of 45%.

It is worth noting that in 2023, Xinxin Shares distributed 500 million yuan in cash dividends, which exceeded the net profit attributable to the parent company that year, accounting for 28.59% of the cumulative net profit in the past three years.

In this IPO, Xinxin Shares plans to raise 4.8 billion yuan, which is a large gap with the company's planned expansion plan of 31 billion.

As a leader in domestic semiconductor specialty process wafer foundry, Xinxin shares focuses on specialty storage, digital-analog hybrid and three-dimensional integration, and provides wafer foundry services for chip design companies with diversified technology nodes and process platforms. As a foundry company, it does not get involved in the design process, but relies on exquisite manufacturing technology to turn design blueprints into real products.

Financial data shows that Xinxin shares achieved steady revenue growth during the reporting period (2021 to the first quarter of 2024), which were 3.138 billion, 3.507 billion, 3.815 billion and 913 million yuan respectively; however, net profit fell significantly by 45% in 2023 to 394 million yuan, and 14.86 million yuan in the first quarter. It is worth noting that the company, as the leading NOR Flash manufacturer in mainland China, has mastered advanced code-based flash memory technology.

NOR Flash, with its fast reading, high reliability and in-chip execution characteristics, shines in the fields of computers, consumer electronics and automotive electronics. As of March 2024, Xinxin has two 12-inch wafer fabs, and the shipment of NOR Flash wafers exceeds 1.3 million pieces.

In terms of business structure, special storage contributes 60% to 70% of Xinxin's revenue, wafer foundry accounts for 70% of the main business, and the self-branded business accounts for about 16%. However, during the reporting period, the comprehensive gross profit margin fell from 32.1% to 16.6%, among which the decline in the gross profit margin of wafer foundry in 2023 was particularly significant.

In this regard, Xinxin pointed out that the main reasons for the sharp decline in gross profit margin were the ramp-up of production capacity, the cyclical fluctuations of the industry, the decline in capacity utilization, and the increase in the proportion of image sensor foundry with higher unit costs in the product structure adjustment.

This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)

[dpr-lahore-division]

With compliments from, The Directorate General Public Relations,

Government of the Punjab, Lahore Ph. 99201390.

No.1087/Zafar/Mujahid

HANDOUT (A)

Never Believe in Ill-Founded Propaganda, We Are Committed to Your Security: CM Maryam Nawaz Sharif Clears Mist on Fake Student Rape Allegations

Lahore, 16 October 2024: Chief Minister Punjab Maryam Nawaz Sharif while addressing the press conference said, “The girl's mother made this request to me, so today you are seeing me on the media. The girl, who was made a rape victim, has been admitted to the hospital since October 2 due to sustaining injuries at home. The under treatment daughter at ICU was being presented as a rape victim. The girl's mother requested on the phone that it is your responsibility to take care of the honour of my girls. Such news were spread on the social media, accusations were made and stories were fabricated which did not even exist. The said girl has been undergoing treatment at the hospital due to a spinal injury since October 2. The guard who was accused in the incident was on leave and he was arrested from Sargodha for investigation. The incident did not happen and there was no eye witness as well. Students are requested to have faith in their government as your safety is my responsibility”. CM Maryam Nawaz Sharif said, “The police responded as soon as the report of the alleged rape was received, and the search for the victim girl is ongoing. The so-called campaign was launched to mislead the students. After the failed call of protest and chaos, such a lousy plan was launched. A lousy plan was made to save the sinking, dying politics. Daughters, sisters and mothers are equally respectable, the girl was accused of being a rape victim, dishonoured and lied to. The police wanted to make the father of the girl a plaintiff to the incident but it is a matter of education of thousands of our daughters.”

She added, “The Punjab government will become plaintiff in this incident. I have probed all the medical records and available evidence in every way and will go to the end and will not spare the people involved in it. A storm was raised on the social media over a false incident as a spark ignites a fire on the social media. A story of lies was concocted which did not exist. Even the minor details have been examined down to the bottom of the incident.”

The Chief Minister said, “All such people who were facing allegations have been investigated and I personally attended the meeting of the investigation committee.  As a mother, the incident of the college is very important I am the Chief Executive of the province and it is my responsibility to protect the honour, life and property of 15 crore people. It is our collective responsibility to expose the characters of this conspiracy and bring them to justice. False stories were fabricated to incite the students and a false campaign was launched. When the Shanghai Cooperation Organization meeting was being held in Pakistan years later, after the failure of the siege, a ghastly plan was made. When the country's economy improved, inflation decreased, stock exchange improved, protests and arson started. It is my responsibility to protect the honor and reputation of 15 crore people having various ideologies. A child injured in a traffic accident in Gujrat was made a victim of police violence. Child injured due to collision with police van, driver and accomplice were arrested immediately. I have taken update of all the situation till the completion of child’s surgery. People posing as students have been brought to spread chaos in Gujrat. In Gujrat, children were suddenly lured to the streets. Indiscriminate action will be taken against all who are involved in spreading falsehood be it PML-Q supporters or others. When it comes to politics, animalism and satanism, should be discouraged.”

She said, “ On May 9, they sat quietly with their children. Those who are involved in this heinous act will not go scot-free, and the records of all the accounts involved in the incident have been unearthed. The accuser V Loger, has changed his stance and those who were supposed to be arrested have fled, leaving their father in distress and difficulties. Once again children were lured into spreading chaos and anarchy. KPK Chief Minister used public resources to invade Punjab.” The CM said, “I have never witnessed before that one province is attacking another province. I expressed my gratitude to the people of Punjab for rejecting the call of anarchy party. Creating such a situation on the eve of Shanghai Cooperation Organization amounts to unpatriotic attitude. No patriotic Pakistani can indulge into such mischievous activities after seeing the prospects of improvement in the economic conditions of the country. Those who prevent the development of the country are enemies of the country, that is why it is called a terrorist party. Pakistan carries a decent face and will remain so, it is our duty to show a noble face of Pakistan. After the 2018 election, the situation went from bad to worse, and with the efforts of Nawaz Sharif and Shahbaz Sharif, the situation improved. I am the Chief Minister of everyone of which party they belong to. The owner of Punjab College Mian Amir Mahmood is a respectable man and I will not allow injustice being done to anyone in my government. You know we nabbed the accused in the rape case even in two hours and women and children are my red line, law & order is my foremost priority.”

The CM added,  “The Defamation law is being opposed so that they can freely tell lies and no one can apprehend them. The Defamation law has been passed and will be implemented soon. Accounts in digital terrorism are being operated by sitting abroad. Such people cannot do constructive politics, they play havoc in everything after coming to power. They do not know how to work and are not even taught. These people are self-sufficient doing vandalism and riots. The people of KPK have been deprived of development and due rights. Politics  disregard doing riots, and siege but is the name of launching projects like air ambulance, heart surgery and roads. Politics is the name of undertaking development projects and doing public service. I ask the people of KPK to open their eyes and recognize their rights. The right to freedom of speech is for truth and not for lies.’’  

The Chief Minister said, “Education Minister himself went to the children and listened to their grievances. The social media accounts linked to PTI started spreading chaos and unrest. The cases framed against founder PTI are true, that's why there is a lot of anarchy and unrest is being spread. The facility being provided to the PTI founder should also be provided to the rest of the prisoners. It is our collective responsibility to expose the conspiratorial characters who make up the fabricated story. The children were misled, they did not know the  real issue.  Agitation party is a real problem, social media is not the problem. The false news of the alleged rape victim's death was being spread. An application has been lodged to the FIA to take action against those involved in the incident. PTI leader Zartaj Gul's sister was also given a chance to explain as she does not want to do injustice to anyone. The children were unaware of the issue and were demanding justice. 1122 ambulances with full equipment came from Khyber Pakhtunkhwa to invade Punjab. Nawaz Sharif and Muhammad Shahbaz Sharif are trying to improve the situation. Irrespective of political differences, I will speak out wherver injustice is being done.”

The Chief Minister said, “Sometimes they do politics on dead bodies, sometimes they do false politics on children. Those who indulge into such abominable traditions will not be spared. I request the Judiciary that it is a matter to protect honour and all those responsible should not be spared. Misleading mindset is put into practice to influence the young generation. Networks spreading lies have been identified, some networks are operating from outside the country and some are operating from Peshawar. It is not possible to slander someone and get away quietly.”

Senior Provincial Minister Marriyum Aurangzeb, Provincial Minister for Information & Culture Azma Zahid Bokhari, Provincial Education Minister Rana Sikandar Hayat, Chief Secretary, Advocate General, Provincial Secretaries and other relevant officials were also present on the occasion.

**  **

[rahul-tech]

Boosting Investor Confidence: China's Stock Market Surge and Trading System Upgrades

The Chinese stock market has been on an exhilarating rollercoaster ride, its trajectory punctuated by dramatic surges and a renewed sense of optimism amongst investors. This recent upswing, a testament to the confluence of positive government policies and a burgeoning investor confidence, has manifested in unprecedented trading volumes, pushing the Shanghai Stock Exchange to embark on a strategic…

[qocsuing]

Shanghai’s Transformation: From Historical Port to Modern Metropolis

Shanghai’s Transformation: From Historical Port to Modern Metropolis

Shanghai, a city with a rich history and a vibrant present, has undergone a remarkable transformation over the centuries. From its origins as a modest fishing village to its current status as a global financial hub, Shanghai’s journey is a testament to its resilience and adaptability. This article explores the evolution of Shanghai, highlighting key milestones and the factors that have shaped its development.To get more news about nieuws shanghai, you can citynewsservice.cn official website.

Shanghai’s history dates back to the Song Dynasty (960-1279), when it was a small fishing village. Its strategic location at the mouth of the Yangtze River made it an ideal port for trade, and by the 19th century, Shanghai had become one of China’s most important trading ports. The city’s significance grew further with the signing of the Treaty of Nanking in 1842, which opened Shanghai to foreign trade and led to the establishment of international settlements.

The early 20th century was a period of rapid growth and modernization for Shanghai. The city became a melting pot of cultures, with influences from Europe, America, and Japan. This cosmopolitan atmosphere fostered innovation and creativity, leading to the development of a vibrant arts and entertainment scene. Shanghai became known as the “Paris of the East,” attracting artists, writers, and musicians from around the world.

The mid-20th century brought significant challenges to Shanghai. The Japanese occupation during World War II and the subsequent civil war in China disrupted the city’s growth. However, Shanghai’s resilience shone through, and the city began to rebuild and modernize in the latter half of the century. The economic reforms of the 1980s and 1990s, spearheaded by Deng Xiaoping, played a crucial role in Shanghai’s resurgence. The establishment of the Pudong New Area in 1990 marked a turning point, transforming Shanghai into a global financial center.

Today, Shanghai is a bustling metropolis with a population of over 24 million people. The city’s skyline is dominated by towering skyscrapers, including the iconic Oriental Pearl Tower and the Shanghai Tower, the second tallest building in the world. Shanghai’s economy is diverse and dynamic, with strengths in finance, technology, manufacturing, and trade. The city is home to the Shanghai Stock Exchange, one of the largest stock exchanges in the world, and hosts numerous multinational corporations.

Shanghai’s transformation is not just limited to its economy and infrastructure. The city has also made significant strides in improving the quality of life for its residents. Efforts to enhance public transportation, green spaces, and cultural amenities have made Shanghai a more livable city. The Shanghai Metro, one of the largest and most efficient subway systems in the world, has greatly improved connectivity within the city. Parks and recreational areas, such as Century Park and the Shanghai Botanical Garden, provide residents with much-needed green spaces in the urban environment.

Shanghai’s cultural scene continues to thrive, with a rich array of museums, theaters, and galleries. The Shanghai Museum, the China Art Museum, and the Shanghai Grand Theatre are just a few examples of the city’s cultural landmarks. Shanghai also hosts numerous international events, such as the Shanghai International Film Festival and the China International Import Expo, further cementing its status as a global cultural hub.

In conclusion, Shanghai’s transformation from a historical port to a modern metropolis is a remarkable story of resilience, innovation, and adaptability. The city’s ability to embrace change while preserving its rich cultural heritage has made it a unique and dynamic place. As Shanghai continues to evolve, it will undoubtedly remain a key player on the global stage, shaping the future of China and the world.

[palmoilnews]

China hits Canada with anti-dumping probe on canola imports, Ottawa deeply concerned BEIJING, Sept 3 (Reuters) - China said on Tuesday it planned to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canadian Farm Minister Lawrence MacAulay said the move was "deeply concerning". In a post on the X social media network, he said Ottawa was closely following the case and would defend and support the farm sector. Canada, following the lead of the United States and European Union, announced last week a 100% tariff on imports of Chinese electric vehicles and a 25% tariff on imported steel and aluminium from China. "China strongly deplores and firmly opposes the discriminatory unilateral restrictive measures taken by Canada against its imports from China despite the opposition and dissuasion of many parties," a commerce ministry spokesperson said in a statement. The ministry said China will also initiate an anti-dumping investigation into some Canadian chemical products. More than half of canola produced in Canada makes its way to China, the world's biggest oilseed importer. Canola, also called rapeseed for certain variants, is used as a cooking oil and in a wide range of products including renewable fuels. The Canola Council of Canada said it was confident that China's probe would show that Canadian producers were playing by the rules. In a statement, it said Canadian exports of canola to China last year totaled C$5.0 billion ($3.7 billion). China's rapeseed meal futures on the Zhengzhou Commodity Exchange CRSMcv1 jumped 6% to 2,375 yuan ($333.56) per metric ton following the announcement, hitting its highest since Aug. 6. The ICE canola contract for November delivery RSX4 dropped to its daily limit of $45, or 7%, to $569.7 per metric ton. "Canada's canola exports to China have increased significantly and are suspected of dumping, reaching US$3.47 billion in 2023, with a 170% year-on-year increase in volume and a continuous decline in prices," the ministry said. "Affected by the unfair competition of the Canadian side, China's domestic rapeseed-related industries continued to suffer losses," it said. China's rapeseed meal prices have plunged 22% so far this year amid abundant oilseed supply and rising domestic production. "The current (edible oil) domestic consumption is not strong, and there is an abundant supply of domestic stocks,” said Ma Wenfeng, senior analyst at Beijing-based agriculture consultancy Beijing Orient Agribusiness Consultancy. China imports its canola predominantly from Canada, followed by Russia and Mongolia. "Arrivals from Canada have been growing at a fast rate," Ma said. The world's second largest economy imported 5.5 million tons of canola in 2023, valued at $3.72 billion. Imports from Canada accounted for 94% of the total. Comparatively, the bulk of China's electric vehicle exports to Canada is from Tesla's Shanghai factory and local Chinese firms have no big exposure to that export market yet. Canadian imports of automobiles from China to its largest port, Vancouver, jumped 460% year over year to 44,356 in 2023, when Tesla started shipping Shanghai-made EVs to Canada. The Chinese spokesperson said it intends to resort to the World Trade Organization dispute settlement mechanism for Canada's relevant practices. China has also initiated trade investigations on imports of pork, brandy and dairy from the European Union in response to curbs on its electric vehicle exports.

[cnevpost]

Seres to buy 10% stake in Huawei's auto unit Newcool for $1.6 billion

The deal values Newcool at RMB 115 billion, the same as when Avatr bought a 10 percent stake earlier this month. Seres Automobile plans to buy a 10 percent stake in Newcool, becoming the second car company after Avatr Technology to take a stake in Huawei’s automotive unit. Seres Group, the parent company of Shanghai-listed Seres, said in a stock exchange announcement today that Seres plans to…