Shanghai has maintained its position for three years in a row as the nation's top city for sales of consumer goods. In 2019, the metropolis reported total sales revenue of 1.35 trillion yuan in consumer products, according to the Shanghai Municipal Commission of Commerce.
Shanghai Oriental Pearl Group Co, a provider of internet services, said in a separate statement it is also spending 300 million yuan on 21.8 million shares in FII's IPO.
Shanghai-based Juneyao Air will launch a direct flight from Shanghai to Athens in July next year, according to a deal signed during Greek Prime Minister Kyriakos Mitsotakis' recent visit to China.
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Shannon Cheung, founder, president and CEO of Fin Society. [Photo provided to China Daily]
Shares carrying the "special treatment" tag sank on Monday as the central authorities clarified rules for delisting aimed at improving market compliance.
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Shares in both Midea and Yunnan Baiyao attracted more than 2 billion yuan each from overseas investors so far this year.
Several waterspouts were seen on the sea near Rongcheng, a coastal county-level city of Weihai, East China's Shandong province, on Tuesday morning.
Shares of the company opened at 28.71 yuan Wednesday morning.
Share prices of organic light-emitting diode (OLED) manufacturers have skyrocketed for two consecutive days, after major smartphone vendors announced their plans to unveil foldable phones during the Mobile World Congress 2019, set to be held in Barcelona in late February.