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

: Insurer Set Up to Rescue Anbang Fills Long-Vacant General Manager Post, Sources Say
Dajia Insurance Supervisory Board Chairman Sun Xianliang will fill the vacancy left by Xu Jinghui, who resigned in 2021

: China Allows Bad-Asset Managers to Tap More Banking Assets
AMCs, which have played a vital role in defending China’s $63 trillion financial system, are being allowed to reach larger lenders

A cough suppressant widely misused by teens is one of four medicines to be classified as a category II psychotropic drug

: Salt Lake Mining Giant Unveils Revamp to Create Leading Lithium Player
Restructuring is part of an ambitious plan to create a world-leading potash and lithium producer and boost industry’s value to $16.6 billion by 2035

China’s Cosco Shipping Defends Exclusive Rights to Operate Peru’s Chancay Port

Peru claims deal was an ‘administrative error’, but Cosco has yet to receive a reply to its request for negotiations

May 03, 2024 06:38 PM

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: More European Business Moving Investment Out of Chinese Mainland, Survey Shows
European business confidence in the mainland remains at a record low, according to an annual poll by the European Chamber of Commerce in China
May 10, 2024 08:30 AM

: Former ICBC Vice President Ousted From Party on Corruption Allegation
Expulsion comes after a six-month investigation by graft busters. The case now goes to authorities for review and prosecution
May 10, 2024 06:04 AM

: Country Garden Misses Bond Payment, Says Guarantor Will Step In
Missed interest payment on two bonds is first test for government program introduced to help private developers avoid liquidity crunches
May 10, 2024 05:45 AM

: Inceptio Self-Driving Trucks Set Accident-Free Record in China
Self-driving startup’s trucks break the 100-million-kilometer barrier with drivers only taking control for 1% to 10% of the time, CEO says
May 10, 2024 05:40 AM

: CATL Partners With French Shipping Giant CMA CGM to Explore Electric Ship
China’s giant EV battery-maker plans joint venture with French carrier to explore R&D opportunities in new areas of business
May 10, 2024 04:30 AM

: Energy Insider: Asian Nations Urged to Steer Savings Into New Energy, Beijing to Rein In Battery Sector
Saudi Arabia to deepen ties with China on energy transition, Jiangsu sets rules for EV battery recycling, Shanxi debuts methanol-powered crane
May 09, 2024 08:24 PM

: Gallery: North Korea’s Former Propaganda Chief Dies
Kim Ki Nam, former secretary of the Central Committee of the Workers’ Party of Korea, passed away from an illness Tuesday at the age of 94. Known as the ‘father’ of North Korea's propaganda machine, Kim Ki Nam helped cultivate the cult of personality around the ruling Kim family starting with Kim Il Sung, while also traveling to South Korea to engage in discussions with the top leadership. North Korean leader Kim Jong Un visited the funeral hall to pay his respects, expressing his condolences to the family of the deceased
May 09, 2024 07:50 PM

: China, Serbia to Bolster Cooperation in Transport, Energy
President Xi Jinping closed the deal during a state visit this week, during which Belgrade reiterated its ‘firm support’ for Beijing’s position on Taiwan
May 09, 2024 07:35 PM

: Citibank Plows Ahead With Shuttering China Consumer Banking Business
U.S. lender stops offering insurance intermediary services, personal credit card transaction functions
May 09, 2024 05:56 PM

: Hong Kong Woos Saudi Money in Attempt to Revive Stock Market
The bourse operator aims to attract new investors to replace those from the U.S. and Europe, who may be deterred by rising geopolitical tensions
May 09, 2024 03:55 PM

: East China City Scraps Homebuying Restrictions as Easing Gains Pace
Hangzhou will remove all curbs on residential property purchases and no longer review the buyer qualifications
May 09, 2024 03:54 PM

: Hong Kong Exchange’s New CEO Is Betting on Big-Ticket IPOs Coming Back
The bourse currently has 100 applicants waiting to list in the city, HKEX’s Bonnie Chan says
May 09, 2024 03:42 PM

: Shanghai Composite Index Rose 0.83% on Thursday
Shenzhen Component Index closed up 1.55%
May 09, 2024 03:03 PM

: Apple’s China iPhone Shipments Soar 12% in March After Discounts
Government data showed shipments of foreign-branded smartphones — the vast majority of which would have been Apple’s marquee device — hit 3.75 million in March
May 09, 2024 02:08 PM

: China Sovereign Wealth Fund Targets Japan’s Lesser-Known Brands
CIC’s Japanese acquisitions are mainly of small and midsize unlisted companies that could increase their value by doing business in China
May 09, 2024 01:41 PM

: Daily Tech Roundup: Huawei Suffers Another Setback in U.S., Saudi AI Fund Willing to Divest China for Washington
Ganfeng seeks full control of lithium mine in Mali, Samsung and LG roll out AI-powered kitchens appliances amid price war with Chinese rivals
May 09, 2024 01:01 PM

: China Opposes U.S. Decision to Revoke More Export Licenses to Huawei
Beijing accuses U.S. of violating WTO rules and practicing economic coercion by revoking licenses to export semiconductors
May 09, 2024 05:15 AM