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Daniel Ren
Shanghai Bureau Chief
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Areas of Expertise:
China business, finance and marketsLanguages Spoken:
English, Mandarin
The US$550 million Legoland Shanghai Resort, which opens on July 5, can attract up to 2.4 million visitors a year, officials say.
‘We need to align our considerations with national policymaking,’ Hong Kong’s treasury chief says at the Lujiazui Forum.
The two cities signed an agreement to strengthen the development of banking, insurance, financial derivatives and trade settlement.
Financial Secretary Paul Chan will be present for signing of agreement outlining cooperation in ‘multiple layers and fields’, sources say.
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Shanghai Yuxing Advertising filed a court case in Jiaxing, Zhejiang province, against the EV maker for non-payment of dues.
Miraco Motor hopes to grab 10 per cent of Europe’s annual sales of 1.7 million vans.
Laws and regulations are being amended to promote the development of the low-altitude economy, deputy financial secretary says.
‘Xpeng and other mainland Chinese companies have abundant new technologies that can be introduced to Hong Kong,’ CEO says at expo in city.
The 14 carmakers say the move came as a result of regulatory guidance on the sustainable development of China’s auto sector.
The firm joins more than a dozen smart-mobility companies from mainland China aiming to raise funds amid the city’s listing surge.
Billionaire chairman says mainland China’s second-largest carmaker will focus on improving technological capabilities.
Apart from hefty price discounts, carmakers are offering more bells and whistles in their latest models to stand out from the crowd.
Despite calling the two cities twin engines for finance, Beijing’s actions favour Hong Kong as China’s one true global funding hub.
China’s top smart mobility firms like Chery Auto, Seres Group and Hesai eye Hong Kong market to fund global expansion plans.
Bank offers above-average separation packages in a move that is expected to be completed in the fourth quarter.
Shanghai Gigafactory deliveries of Model 3s and Model Ys fall 15 per cent from a year earlier.
Enthusiasm aligns with Beijing’s efforts to bolster high-productivity sectors to temper slowdown risks, Hong Kong CEO Kwang says.
Construction on the plant will start later this year and production in late 2026, CFO Andrew Fan says.
Tesla lost favour with global customers, with 18 per cent of buyers considering it their top pick last year, down from 22 per cent, UBS says.
Ministry of Commerce gathers industry groups, major carmakers and trading platforms for second-hand cars.
BYD offers discounts of 10 to 30 per cent on 22 of its battery-powered and plug-in hybrid models.
A number of companies will attract support like CATL did in its US$5.23 billion debut, JPMorgan’s Paul Uren says.
Sales of the much-anticipated vehicle, which has a driving range of 835km, will start in July at prices that have yet to be announced.
Stocks in Hong Kong are cheaper and backed by stronger earnings performance, attracting mainland-based fund managers.
Company will offer its technologies and solutions to its partners globally to promote clean energy.
Chinese carmakers offered a record high 16.8 per cent average discount last month, from 16.3 per cent in March, JPMorgan findings show.
The next-generation P7 will start from about US$41,630 and hit the mainland Chinese market in July or August.
City’s largest share sale in four years shows Beijing’s determination to push China’s EV technologies worldwide, analysts say.
The government forecasts the low-altitude mobility economy will increase more than fivefold to US$486 billion by 2035 from last year.
