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 Insurers Scale Back High-Yield Investment
Long-running real estate crisis and increasing risks in local government debt make insurance asset managers more cautious about debt of developers and LGFVs

: Private Equity Dealmaking in China Slumped to 10-Year Low in 2023, Bain Says
Value of deals in Greater China fell 37% to $41 billion last year as a global slowdown and macroeconomic uncertainties weighed

Chart of the Day: Huawei Smartphone Shipments Surge in First Quarter

Analysts attribute the growth to the successful launch of its Mate 60 series, which enabled the company to weather an ongoing campaign of U.S. sanctions

: Chinese Mainlanders Flock to Hong Kong’s Wealth Management Market
Their new cross-border fund remittances soared nearly ninefold in March to $1.8 billion amid a relaxation of the rules

LVMH Remains Committed to China Even Amid Sluggish Sales

The owner of luxury brands including Louis Vuitton is making ‘a sizable investment’ in the Asia market, including Tiffany store revamps and its DFS Yalong Bay project in Sanya

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Caixin Biz Roundup: China Accuses EU of ‘Protectionist’ New-Energy Probes

Apr 17, 2024 04:51 PM

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LATEST NEWS

: Sino-EU Ties Could Be Strengthened by Food Trade, Europe’s Agriculture Chief Says
Food should be “excluded” from the two sides’ ongoing trade tensions, European Commissioner for Agriculture Janusz Wojciechowski tells Caixin
Apr 24, 2024 07:54 PM

: Hong Kong’s Eateries Swallow Ban on Disposable Plastics
New rules prohibit restaurants from selling or providing nine types of tableware made of single-use plastic, including knives, forks and straws
Apr 24, 2024 07:51 PM

: Gallery: Books as Companions
Readers around the globe celebrated World Book Day on Tuesday. Established by UNESCO in 1995, the day serves as a reminder of the power of the written word. Photos from disaster zones — from Ukraine and Gaza to Syria and Yemen — show how people, young and old, have found solace in the company of books, even under the most desperate of circumstances
Apr 24, 2024 07:49 PM

: China Begins to Limit Use of Facial Recognition for Hotel Check-In Amid Privacy Concerns
Hotels in Beijing, Shanghai, Shenzhen and Hangzhou ordered to stop using the biometric identity verification method for check-in
Apr 24, 2024 07:30 PM

: Google-Backed AI Firm Is Hong Kong’s Latest IPO Flop
Shares of Beijing-based Mobvoi lose as much as 22% on first trading day, piling pressure on the city’s underperforming market
Apr 24, 2024 04:55 PM

: China’s Space Station Will ‘Definitely’ Welcome Foreign Astronauts in Near Future
China’s Space Station Will ‘Definitely’ Welcome Foreign Astronauts in Near Future
Apr 24, 2024 04:08 PM

: Shanghai Composite Index Rose 0.76% on Wednesday
Shenzhen Component Index closed up 0.74%
Apr 24, 2024 03:03 PM

: SenseTime Halts Trading in Hong Kong After 36% Stock Surge
The jump came after the Chinese company revealed the latest version of its SenseNova generative AI model
Apr 24, 2024 02:55 PM

: Crypto ETF Launches Will Test Hong Kong’s Digital-Asset Hub Ambitions
Some of China’s top asset managers are in the final leg of preparations for the spot-Bitcoin and ether ETFs to begin trading by the end of April
Apr 24, 2024 02:50 PM

: Daily Tech Roundup: TikTok Faces Hurdles to Becoming No. 1 in E-Commerce in Vietnam, Huawei Launches Upgraded SUV
Surging solar demand buoyed silver in 2023, China wind turbine exports jumped 60% last year
Apr 24, 2024 02:39 PM

: TikTok Ban-or-Divest Bill Set to Be Signed by Biden Into Law
The bill gives the company nearly a year for China’s ByteDance to divest before the app would face a ban
Apr 24, 2024 02:02 PM

: China’s Central Bank Steps Up Rhetoric Against Rally in Long-Dated Government Bonds
PBOC signals that a mismatch between market prices and the country’s promising economic outlook will be corrected
Apr 24, 2024 01:13 PM

: CX Daily: TikTok Faces Regulatory Hurdles in Bid to Become No.1 in Vietnam
China’s macro leverage ratio rises to 294.8%. Li Auto joins the price war with major discounts. Plus, Japan is expected to see a surge in Chinese tourists during the Labor Day holiday
Apr 24, 2024 08:17 AM

: China Is Sinking, With Urbanization, Water Extraction and Mining to Blame, Science Study Says
Subsidence is happening so quickly that one in 10 homes in China’s coastal cities could be below sea level by 2120
Apr 24, 2024 03:34 AM

: New Study Uncovers Persistent Covid Virus in Patients Months After Recovery
The Lancet study shows the Covid virus tends to be cleared out of the body slowly but can persist for several months in some patients
Apr 24, 2024 03:31 AM

: Smart Cars, Smartphones, Smart Moves
Polestar joins EV-tech crossover with made-for-China smartphone
Apr 24, 2024 03:25 AM

: Fosun’s Fidelidade Intends to Carry Out an IPO in 2025
Portuguese insurer controlled by Fosun says IPO will be a ‘demanding process’ but will meet the expectations of shareholders
Apr 24, 2024 03:10 AM