Shanghai's sci-tech innovation board may see increased foreign participation over the next few quarters, as a key global index provider is expected to include eligible STAR-listed firms and as the new board provides a larger investable pool, analysts said.
She added that the company will also showcase a high-performance electric car co-developed with racecar maker Koenigsegg at the Shanghai auto show later this month. It will be launched in late 2018.
Several prominent pension fund of funds providers, such as HuaAn Funds and Bosera Funds, have publicly highlighted the use of passive funds, including ETFs, for portfolio construction, due to high efficiency and low transaction costs, the report said.
Shanghai-based culture startup Art Revolver launched a pilot project over the weekend to help mass-market Chinese consumers access "affordable and stress-busting art" using the sharing economy concept.
Shanghai authorities have also launched 103 city-walk tours on the theme of historic buildings as part of the ongoing Shanghai Tourism Festival.
Shanghai launched new policies last month to attract global enterprises, according to which the requirement for the total assets of parent companies of regional headquarters has been adjusted to 0 million.
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Shares in Shenzhen-listed Wanda Film, a listed arm of Chinese conglomerate Wanda Group, halted trading after tumbling nearly 10 percent on speculation about Wanda Group.
Shanghai expects to invest 270 billion yuan into 48 major infrastructures in the next three years.
Shanghai released a document on Thursday with 30 guidelines to boost the tourism industry and build itself into a world-class tourism city by 2035.
Shanghai Disneyland has sold out all tickets for May 11, the day it is scheduled to reopen following a three-and-a-half-month closure due to the novel coronavirus outbreak, the theme park announced on Friday.