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Shanghai-based Chinese automaker SAIC Motor reported annual net profit decline for the first time since its listing in 2011, according to a Wednesday report from Securities Daily.

Several major Chinese cities including Shanghai and Chengdu, capital of Sichuan Province, have plans to promote the use of hydrogen-powered buses.

Shares of the Beijing-based company opened for trading at HK.1 (.95), nearly 100 percent higher than the initial offer price of HK.50. The company's IPO drew strong interest from investors and its retail offering was oversubscribed by 356 times.

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Shares of Haidilao opened high at HK.80 (.41) on Wednesday, more than 5.61 percent above its offer price of HK.80. The shares showed signs of extending the strong performance from Monday, when it closed 9.33 percent higher at HK.46 in gray market trading.

Shanghai Pudong International Airport on Oct 29 became the first airport in the Chinese mainland to offer paperless travel procedure for outbound passengers.

Shanghai's time-honored brands are being propped up by younger elements to attract a new generation of customers with innovative and tailor-made products and services, discarding their stereotyped image of silver-haired senior craftsmen.

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Shares of Chinese bottled water giant Nongfu Spring closed 54 percent above their issue price on debut in Hong Kong, after soaring nearly 85 percent at the open on Tuesday and making its founder Zhong Shanshan one of the wealthiest men in China.

Shanghai Disney Resort said on Wednesday it has officially implemented its new food policy and adjusted security screening procedures to provide visitors with a more pleasant experience. The resort, which opened in June 2016, was recently embroiled in a public debate over its no-outside-food policy and stringent security check procedures that some have deemed intrusive. Effective immediately, visitors can now bring outside food and beverages into Shanghai Disneyland for consumption as long as these items do not require heating, reheating, processing, refrigeration or temperature control and do not have pungent odors. In a statement sent to China Daily, the resort listed food items that are prohibited, which include but not aren't limited to: instant noodles that require hot water, food kept in containers with reheating capabilities and durian.Alcoholic beverages, cans and glassware will still be prohibited, with the exception of small baby food jars. The company said that while guests are welcome to enjoy their own food and beverages at designated picnic areas throughout the park, they must adhere to the city's waste sorting regulations and help maintain a clean and tidy park environment.For guests who inadvertently arrive at the park with prohibited items, the park said that it offers daily storage for a charge of 10 yuan (.4) per item. The resort has also updated its security screening procedures. For instance, guests are encouraged to open their own bags and remove any flagged items. The resort said it is also seeking ways to utilize new equipment like X-ray machines to support security screening in the future.The resort emphasized that going through security screening upon entry is in "accordance with relevant laws and by government directive". It noted its employees conducting the checks are certified by relevant government authorities.

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Shanghai GeneoDx Biotech Co Ltd, another affiliate of CNBG, has taken the lead in developing nucleic acid detection kits, which were offered to the centers for disease control and prevention at all levels for frontline detection.

Several ministry-level departments, including those responsible for education, development and banking, have responded recently to issues of public concern.