Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: In Depth: China’s Weaker Insurers Skip Early Bond Redemptions Amid Growing Financial Stress
Several insurance companies have chosen to pay higher interest rates on their supplementary capital bonds rather than exercise an option to redeem them early, a sign they are facing solvency problems

: Bribes, Booze and Books Uncovered in Veteran Securities Regulator’s Corruption Probe
An Qingsong has been dismissed from the China Futures Association for misconduct that included accepting bottles of Moutai liquor and pushing his own writing on subordinates

Cover Story: Will China’s Latest Policy Call-to-Arms Turn the Ailing Property Market Around?

The government hopes to end the slump by studying policies to reduce the record vacant housing overhang, earning cheers from foreign investors and buoying share markets

: China Fines KFC and Other Businesses for Rejecting Cash Payments
The central bank has hit seven companies, including a property developer, with penalties ranging from $414 to $7,600

Former ICBC Anti-Graft Chief Charged With Taking ‘Huge’ Bribes

Liu Lixian also allegedly abused his power while working at scandal-plagued China Huarong Asset Management and the country’s top prosecutor

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Caixin Biz Roundup: Why Chinese PE and VC Firms Are Chasing Middle East Money

May 10, 2024 02:52 PM

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LATEST NEWS

: Gallery: Dramatic Sunset Stuns Beijing
On Tuesday, a cloudy day in the Chinese capital culminated in a sunset that bathed Beijing in reds, golds, oranges and purples
May 15, 2024 05:33 PM

: Stellantis Bets on an EV Boost From China to Keep Grip on Europe
Starting in September, the carmaker plans to offer EVs co-developed with China’s Leapmotor in nine European countries
May 15, 2024 03:41 PM

: Alibaba Falters Again While Tencent Builds on Its Recovery
The e-commerce giant’s net income tumbled 86% after an unexplained write-down for losses in its publicly traded holdings, while its rival’s rose by an estimate-beating 62%
May 15, 2024 03:37 PM

: Content Creators Sue U.S. Over TikTok Ban
Eight creators — including a rancher, a college football coach and a book lover — follow the video app’s lead and file suit to block the law that would force Chinese parent ByteDance to divest
May 15, 2024 03:32 PM

: Shanghai Composite Index Fell 0.82% on Wednesday
Shenzhen Component Index closed down 0.88%
May 15, 2024 03:03 PM

: China’s Central Bank Rolls Over Policy Loan With Growth, Currency in Mind
PBOC offers $17.3 billion via its medium-term lending facility, the same amount of the loans maturing this month
May 15, 2024 02:06 PM

: Daily Tech Roundup: Biden to Raise Tariffs on Chinese Chip and EV Imports, Robocar Supplier Sues U.S.
China launches first major sodium-ion battery energy storage station, White House kicks Chinese crypto miner off land near Air Force base
May 15, 2024 01:57 PM

: CX Daily: China’s Weaker Insurers Skip Early Bond Redemptions Amid Growing Financial Stress
China invites Putin for a state visit. The country will issue ultra-long bonds to boost the economy. Plus, China launches its first major sodium-ion battery energy storage station
May 15, 2024 09:45 AM

: Brookfield and Qatar Seek China Opportunities as Others Retreat
‘We have an allocation for China and are focused on consumer-related industries,’ says QIA chief
May 15, 2024 04:23 AM

: China’s $4 Billion Lychee Harvest Devastated by Extreme Weather
Lychee crop in China could be halved as climate change brings giant hailstones and record rainfall
May 15, 2024 04:20 AM

: U.S. to Increase Tariffs on $18 Billion Worth of Chinese Imports, from EVs to Semiconductors
China’s commerce ministry strongly opposes politicization of trade issues, saying U.S. tariffs imposed for domestic political considerations
May 15, 2024 04:16 AM

: Charles Li’s Micro Connect Rallies Key Employees to Invest in ‘Leading Sheep’ Program
Core frontline employees are being asked to put their money into an investment program that aligns their interests with their company’s
May 15, 2024 04:13 AM

: China’s Credit Contraction Caused by Changes to Banks’ GDP Calculation, Economists Say
The authorities have switched to a method that relies mostly on lenders’ profitability metrics, rather than growth in loans and deposits
May 14, 2024 08:10 PM

: McDonald’s Apologizes Over Reports of China Food Safety Violations
The U.S. burger giant is cooperating with regulators to investigate reports that employees at two outlets used expired ingredients and tampered with expiration labels
May 14, 2024 07:15 PM

: Gallery: Singapore’s Prime Minister Resigns
The country’s premier, Lee Hsien Loong, submitted his resignation to President Tharman Shanmugaratnam Monday after two decades at the helm. Lawrence Wong, the current deputy prime minister and finance minister, is set to take his place. Lee, son of Singapore’s independence leader Lee Kuan Yew, became Singapore’s third prime minister in 2004, he will become its state counsellor after stepping down
May 14, 2024 07:14 PM

: Commentary: What the PBOC’s Trading of Government Bonds Will Mean for Monetary Policy
The central bank plans to directly engage in the secondary market, which will generate complex policy signals, as each transaction could be interpreted as an indication of policy direction
May 14, 2024 07:08 PM

: China Launches First Major Sodium-Ion Battery Energy Storage Station
The facility in Guangxi is the first use of sodium-ion battery technology on a large scale in China, manufacturer says
May 14, 2024 07:05 PM