Shares of Qualcomm jumped 22 percent in late afternoon trading, while Apple share were up marginally.
Shanghai rolled out its financial opening-up policies in mid-May in fields including banking, securities, insurance, financial markets and free trade accounts. The opening-up has also touched upon policies for bank-card clearing institutions and nonbank payment institutions.
Several international companies will have exhibits at the fair, and 116 forums will be held focusing on various aspects of business.
Several ministry-level departments, including those responsible for education, transport, and development and reform, have responded recently to issues of public concern.
Shanghai China Youth Travel Service said group tours to South Korea will be officially resumed next week and the first groups will depart in mid-September.
Shanghai kicked off a weeklong campaign on Saturday featuring the use of livestreaming to promote brands as part of the efforts to boost consumption citywide.A consortium of 19 media platforms, from traditional news channel Kankan News and video sharing site Bilibili, to social commerce platform Xiaohongshu, are scheduled to host over 300 key livestreaming shows, aiming to introduce viewers to a variety of special merchandise, catering options and tourist attractions through vivid, on-site storytelling.The series of broadcast sessions will highlight six sub-themes, including youth, kids, Chinese traditional brands, women, art and decoration as well as cultural premises."Teaming up with 1,000 influencers and 4,000 brands, we will be giving out over 100 million yuan ( million) worth of shopping vouchers in various forms during the campaign," said Xiaohongshu partner Zeng Xiulian.The initiative is a core pillar of the city's ongoing May 5 Shopping Festival, during which businesses dish out coupons to encourage spending as the novel coronavirus has inevitably exerted an economic toll.
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Shares fell 5.7 percent on Thursday, down .76 to .99 in New York Stock Exchange trading.
Shanghai denizens walk past the skyscrapers of the city's Lujiazui financial district on May 16. [Photo/Agencies]
Severe tropical storm Ampil is expected to land in East China between Saturday night and Sunday morning, partly halting the lingering scorching temperature that has plagued about one-fifth of the country, but increasing the risk of flood in already rainy North and Northeast China.
Shanghai-related stocks advanced on Monday as the city's Party chief Han Zheng last Thursday confirmed plans to reinvent its pilot free trade zone as a world-class free port. Experts said such an ambition would be accompanied by plans to further relax import cargo Controls and streamline customs clearance in accordance with international practices.