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

: China Signals Support for Private Funds With Toned-Down Rules
Regulators have softened proposed requirements, including parameters for forcing small funds into liquidation, and given them more time to adapt to the new framework

: Haitong Securities Decides to Remove Hong Kong Unit’s CEO After Big Losses, Sources Say
Under Lin Yong’s leadership, Haitong International Securities built up a business that rose — and fell — with China’s real estate industry

Chinese tech giant names Richard Yu, who has already served as CEO of the business arm that includes smartphones and smart car solutions for 10 years

: In Depth: How China Can Tackle Global Challenges to Expansion in Key Emerging Sectors?
Solving China’s industrial overcapacity by increasing exports is facing mounting resistance overseas. Boosting domestic demand may the solution

Charts of the Day: China’s Juvenile Offenders Surge as Criminal Convictions Rise

Some 374,000 criminal defendants were sentenced in the first quarter, up 14%, including around 12,000 under 18-year-olds — a 78% jump

Apr 26, 2024 07:26 PM

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: An Influx of Chinese Tourists Is Coming to a Country Near You
China’s holidaymakers are on the move again at near pre-pandemic levels giving the tourism industry a much-needed boost
May 03, 2024 04:06 AM

: French Cognac Producers Push for Deal on China Dumping Probe
Cognac makers accused of dumping brandy in China have had high-level contacts seeking to resolve matters before Xi’s state visit to France
May 03, 2024 04:04 AM

: Energy Insider: ‘Green Hydrogen’ Machines Could Be New Export Darling, Shipbuilding Giant Seals Massive Deal
Chinese wind-turbine makers dominate global industry, solar juggernaut reports net loss, Beijing warns power supply ‘may be tight’ this summer
May 02, 2024 09:37 PM

: Gallery: Holiday Rail Recovery
Railway passengers will take an estimated 144 million trips in China over this year’s May Day holiday, up 8.3% from the comparable period in 2023, according to China National Railway Group. The peak holiday travel period began on April 29 and will run through to May 6, a total of eight days, with passengers making an average of 18 million trips on the rail network each day. Some of the most popular destinations are Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu, Wuhan, Xi’an and Nanjing
May 02, 2024 08:03 PM

: Commentary: Politburo Signals Little Change in Economic Policy After ‘Good Start’ to 2024
Leaders are seeking to balance the improvement in the economy against continued challenges such as insufficient effective demand
May 02, 2024 08:00 PM

: China’s Solar Giants May Need to Open Factories in U.S., Longi Chairman Says
The comment comes after an American industry group accused Chinese manufacturers of sidestepping U.S. tariffs by moving a portion of their supply chains to Southeast Asia
May 02, 2024 07:15 PM

: Dozens Killed After Guangdong Highway Collapses
Following days of torrential rain, a hillside section of highway collapsed in the early hours of Wednesday morning
May 02, 2024 05:10 PM

: Yet Another Former Senior Justice Official Ensnared by Graft Probe
Investigation into Liu Zhiqiang, vice minister from 2016 to 2023, comes a month after one of the ministry’s ex-chiefs fell under suspicion
May 02, 2024 03:21 PM

: China’s New Economy Industries Gain Ground
The contribution of high value-added industries such as biomedicine to total economic inputs rose to 30.7% in April
May 02, 2024 03:08 PM

: Daily Tech Roundup: Fatal Crash Mars Huawei’s EV Efforts, Binance Founder Gets Four Months in Prison
China’s EV whiz kids are flipping the script on joint ventures, foreign carmakers give Chinese peers their due at Beijing Auto Show
May 02, 2024 01:02 PM

: Huawei Lab Barred by U.S. Regulators as Part of Crackdown on China
Proposal bans the Chinese firm and other ‘prohibited entities’ from roster of labs used to ensure equipment sold in the country conforms to technical standards
May 02, 2024 12:54 PM

: Hong Kong’s Stock Rally Faces Test With China Inflows on Pause
Mainland Chinese investors, out of action on a public holiday, have become increasingly important for the city's market where the Hang Seng Index sits on the cusp of a technical bull market
May 02, 2024 12:46 PM

: Taiwan Halts Two-Year Factory Slump in Sign of Broader Rebound
Taiwan ramped up output amid higher new orders, with companies reporting improved demand from the domestic market, S&P Global said
May 02, 2024 12:20 PM

: Yen’s Wild Swings Are Just a Taste of What’s to Come
After sliding to a more than three-decade low, government intervention had been expected, and when it climbed speculation was rife that officials had stepped in for the first time in two years
May 01, 2024 06:56 PM

: Binance Founder Changpeng Zhao Gets Four Months in Prison
The sentence was far below the three years requested by prosecutors, who had sought to make an example out of Zhao to an industry rebounding from a slew of high-profile scandals
May 01, 2024 06:34 PM

: Fatah, Hamas Express ‘Political Will’ for Reconciliation in Beijing Talks
Representatives from the two rival Palestinian groups ‘made encouraging progress’ in a meeting brokered by China, foreign ministry says
May 01, 2024 06:16 PM

: Fatal Car Crash Mars Huawei’s Efforts to Break Into Electric-Vehicle Market
The accident involved an Aito M7 Plus, a product of the tech giant’s collaboration with Seres Group, claiming three lives including a toddler
May 01, 2024 05:45 PM