Shanghai Daily: Business

• Tencent to propel Shanghai’s hub goal
  SHANGHAI agreed yesterday to deepen collaboration with Tencent Holdings to propel the city to become a globally influential innovation hub. In a meeting with Tencent chairman Pony Ma in Shanghai, the
• Gasoline and diesel to cost less
  China will cut the retail prices of gasoline and diesel today, the country’s top economic planner said yesterday.
• Moody’s: Shadow banking activity shrinks again
  Shadow banking activity in China continues to contract, with formal bank lending dominating the new supply of credit in the first half of 2018, according to the latest report from Moody’s Investors Se
• PepsiCo to pay US$3.2b for Israel’s SodaStream
  PepsiCo will buy carbonated drink-machine maker SodaStream for US$3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market.
• Liquidity boost of US$17.5b
  China’s central bank yesterday boosted liquidity by 120 billion yuan (US$17.5 billion) via open market operations to ease liquidity pressure.