In Depth: Why China’s Project Whitelists Can’t Cure Real Estate Slump
Although the lists are helping many developers secure financing to finish their projects, there may not be enough demand for new homes to soak up the extra supply, bankers warn
Shanghai Creates $18 Billion State Investment Giant
Merger of two investment firms will create a juggernaut providing financial backing to technology and innovation startups
Exclusive: ICBC Reshuffles Leadership at Core Department and Wealth Management Unit
Wang Hailu to be chair of ICBC Wealth Management, bringing experience in bond and foreign exchange trading
Hong Kong Spends $5.75 Million A Year on Idle Pandemic Makeshift Hospitals
Lawmakers urge government to press ahead with converting Covid isolation wards for non-medical use as maintenance costs mount
Meituan Names Wang Puzhong as CEO of New Core Local Commerce Business
Food delivery giant looks to a younger generation for its management team as it refocuses on its core business
China’s High Court Weighs In on Sham Divorces
New judicial interpretation offers guidance on how lower court judges should apply the country’s Civil Code, including on cases involving property disputes between unmarried couples living together
Apr 19, 2024 07:48 PM
China Falls Far Behind U.S. in AI-Generated Content Funding, Investor Says
Chinese AIGC firms raised around $1.3 billion last year, compared with $23 billion by their U.S. counterparts
Apr 19, 2024 07:47 PM
Huawei’s Smartphone Comeback Tour Rolls On as New Pura 70 Models Sell Out
The Pura 70 Ultra and Pura 70 Pro sold out on Huawei’s online store on Thursday, the first day of their release, with photos on social media showing customers lining up at outlets in Shanghai
Apr 19, 2024 07:39 PM
Rumored Pay Cap for State-Owned Securities Firms Fuels Debate
Speculation about a salary limit of $414,400 has top management fretting over the fate of their handsome remuneration
Apr 19, 2024 07:25 PM
Exclusive: CATL Founder Upbeat About Ford Battery Plant Tie-Up, EVs Future in China
However, the battery giant faces problems, including EU regulatory issues and the difficulty of commercializing solid-state batteries, Zeng Yuqun tells Caixin
Apr 19, 2024 04:26 PM
Shanghai Composite Index Fell 0.29% on Friday
Shenzhen Component Index closed down 1.04%
Apr 19, 2024 03:03 PM
Daily Tech Roundup: TikTok Faces U.S. Reckoning, Huawei Unveils New Smartphone
Meituan names CEO of new core local commerce business, China looks to employ big data to tackle persistent misconduct in soccer
Apr 19, 2024 02:52 PM
Standard Chartered Dangles 10% Deposit Rate to Draw Mainland Cash
Lenders in Hong Kong are ramping up efforts to woo savers from the Chinese mainland and solidify the city’s status as a wealth hub
Apr 19, 2024 02:43 PM
Apple Pulls WhatsApp From China Store at Beijing’s Behest
The iPhone-maker, which has consistently complied with the country’s internet censorship regime, said regulators ordered the apps removed over national security concerns
Apr 19, 2024 02:08 PM
Hedge Funds Cry Foul Over Chinese Education Firm’s Default
An ad-hoc group of investors have accused XJ International of choosing not to pay its offshore debt even though its business is healthy and growing
Apr 19, 2024 01:55 PM
TSMC Cuts Chip Market Outlook as Consumer Weakness Persists
The world’s largest maker of advanced chips predicts growth of about 10% this year, scaled down from a previous forecast
Apr 19, 2024 01:42 PM
CX Daily: Why China’s Project Whitelists Can’t Cure Real Estate Slump
Intellectual property is a key issue for German companies dealing with China, Scholz says. IMF indicates it may raise China’s 2024 GDP forecast. Plus, the country looks to employ big data to tackle persistent misconduct in soccer.
Apr 19, 2024 10:06 AM
TikTok Faces Washington Reckoning as Divest-or-Ban Vote Nears
TikTok legislation is to piggyback on a fast-moving aid package for Ukraine expected to be passed on Saturday
Apr 19, 2024 04:31 AM
China Restates Need for Steady Yuan Amid Fragile Confidence
PBOC says its goal is to maintain the basic stability of the yuan’s exchange rate and avoid excessive volatility
Apr 19, 2024 04:21 AM
IMF Says It May Raise China 2024 GDP Forecast After Strong First Quarter
Fund’s chief economist also highlights continued weakness in property sector, domestic demand
Apr 18, 2024 07:47 PM
Former China Central Bank Deputy Admits Taking Over $50 Million in Bribes
Fan Yifei admits to taking money in exchange for helping companies and individuals with matters such as securing loans, jobs and business contracts
Apr 18, 2024 07:41 PM
Intellectual Property Is Key Issue for German Companies Dealing With China, Scholz Says
Germany’s chancellor says Chinese side gave ‘pragmatic’ answers on establishing a level playing field
Apr 18, 2024 07:32 PM
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