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Taobao Flash Sale coordinated with market regulators in Beijing, Shanghai, Anhui, Nanchang, Chengdu, Yancheng, Taizhou and Shanwei to flag a first batch of delivery-only (no dine-in) merchants based on regulator-provided lists. Since 2026 the platfor

2026-06-01

Taobao Flash Sale coordinated with market regulators in Beijing, Shanghai, Anhui, Nanchang, Chengdu, Yancheng, Taizhou and Shanwei to flag a first batch of delivery-only (no dine-in) merchants based on regulator-provided lists. Since 2026 the platform has delisted 332,000 non-compliant merchants and ordered 60,000 restaurants to complete remediation.

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2026-06-01

China’s Ministry of Industry and Information Technology (MIIT) minister Li Lecheng said in a People’s Daily article that Beijing will build mechanisms to boost investment and share risk for “future industries,” citing long incubation cycles and high

China’s Ministry of Industry and Information Technology (MIIT) minister Li Lecheng said in a People’s Daily article that Beijing will build mechanisms to boost investment and share risk for “future industries,” citing long incubation cycles and high market risk. He called for exploring funding approaches that encourage innovation and tolerate failure, mobilizing government investment funds and national industry–finance cooperation platforms and stepping up financial support. The MIIT urged development of a tech-finance services system and new financing tools to attract social capital into early-stage and patient investments, prioritizing early, small-scale backing of hard‑tech. It also reiterated acceleration of manufacturing talent programs, faster cultivation and recruitment of cross-disciplinary and high‑skill personnel, and optimization of university disciplines to strengthen industry‑tech innovation talent pools.
2026-06-01

Shanghai municipal government issued its 15th Five-Year Plan for service-industry development, targeting measures to boost financial-market infrastructure and internationalization. Key items: expand CIPS global network coverage and support an interba

Shanghai municipal government issued its 15th Five-Year Plan for service-industry development, targeting measures to boost financial-market infrastructure and internationalization. Key items: expand CIPS global network coverage and support an interbank market trade-reporting repository; deepen registration-based stock issuance reform and improve routine delisting mechanisms; develop Belt and Road bonds, panda bonds and Yulan bonds; promote futures and derivatives product innovation and pilot RMB FX futures trading; advance a trust-asset registration pilot; deepen the Lingang offshore trade-finance reform pilot; strengthen international reinsurance and global asset-management center functions; raise the international influence of Shanghai prices and indices and key commodity and energy spot/futures; and expand free-trade account functions and applications.
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