Over a century, the city of Shanghai saw it all. Westerners fell in love with Republican Shanghai, where commerce and culture flourished; Japanese invaders advanced and retreated; communism and capitalism vied for a stage. Despite these ups and downs, Shanghai has maintained a demeanour and style unto itself. Historical photo collector Hsu Chung-mao traces Shanghai’s days of glamour and the front-row seat it had in war, revolution, and reform.
After ten years of living in Shanghai and seeing the rapid changes to the city, Egyptian-American architect Hisham Youssef takes us on a nostalgic and personal photographic tour of the lanes and neighborhoods that, until very recently, stood in the city he now calls home.
While the Chinese government has implemented cooling measures including reminding people that property is “not for speculation”, it seems that people are not taking it seriously and still believe that property is a guaranteed investment. Zaobao correspondent Chen Jing takes the temperature of the Chinese property market.
In December 2020, family and friends of Shanghai Book Co Ltd produced a commemorative book of the now-defunct bookstore. Founded in 1925, Shanghai Book Co Ltd played a pivotal role in shaping the consciousness of Chinese-speaking Singaporeans in the 1950s. It was a meeting point of ideas and voices, not only from greater China, but within Southeast Asia. In fact, it had helped to nurture the budding interest of Chinese-speaking young students in Malay language and culture. Teo Han Wue recounts how this bookshop in North Bridge Road, easily stereotyped as Chinese-centric, became instead an emblem of openness and cultural diversity.
Law experts Tan Chong Huat and Amanda Chen observe that the recent halting of Ant Group’s dual listing on the Hong Kong and Shanghai stock exchanges augur more regulatory changes in the micro-loans industry. While this lowers financial stability risk, will more of such regulations hinder fintech advancements? Where’s the middle ground? In their opinion, there is much that Singapore and China can learn from each other in the regulation of emerging technologies.
Research analyst Fiona Huang argues that globalisation has a huge part to play in building global financial centres. If basic prerequisites such as close cooperation with regulators and market stability are met, the next-level condition for a flourishing global financial centre is an open attitude towards global capital and culture. How will the changing political milieu around the world today lead to a reshuffle of global financial centres?
How do urban planners go about their work and what contributions do they make to the building of liveable cities? Ke Huanzhang, former head of the Beijing Academy of Urban Planning and Design, is all for the seamless melding of a good ecological environment, living facilities, jobs and public services in a city. Liu Thai Ker, the former chief architect and CEO of Singapore’s Housing Development Board, says a good planner needs to have the heart of a humanist, the brain of a scientist, and the eye of an artist. Tan Ying Zhen speaks to the veteran urban planners as part of a series of fireside chats put together to commemorate the 30th anniversary of diplomatic relations between Singapore and China.
The writing was on the wall, but what changes has fintech company Ant Group’s recent IPO suspension sped along for the online microfinance industry? Zaobao correspondent Chen Jing takes a closer look.
Jack Ma’s fintech company Ant Group had it all planned out. It would bypass American stock exchanges and proceed with a dual listing on the Hong Kong Stock Exchange and Shanghai’s STAR market, which would have raised an estimated US$34.5 billion, the biggest IPO in history. Now that the IPO has been suspended, what happens next?