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

TOP STORIES

: 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

: Exclusive: Two ChemChina Ex-Leaders During Syngenta Deal Hit With Corruption Probe
Former Chairman Ren Jianxin and ex-President Yang Xingqiang were involved in the controversial acquisition of the Swiss agrochemical giant in 2017

Former Chinese Banker Likely Probed for ‘Revolving Door’ Corruption, Sources Say

Tong Wentao, a former executive at China Construction Bank, is likely being investigated for exploiting his influence at the lender after joining a private developer

: Mainland, Hong Kong Swap Connect Adds New Features to Attract Investors
New features for one-year-old Swap Connect program gives overseas funds easier access to Chain’s derivatives market

China to Kick Off Issuance of $138 Billion Ultra-Long Bonds to Boost Economy

The first batch of the debt, comprising an unspecified amount of 30-year bonds, will be issued on Friday with the program of sales continuing until mid-November

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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

: 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
May 14, 2024 05:06 PM

: Retired Deputy Director at Panda Research Center Caught Up in Graft Probe
The investigation into Zhang Haiqing may be related to his previous experience working in Sichuan province’s Aba prefecture, source says
May 14, 2024 04:54 PM

: Former State-Owned Energy Veteran Caught in Graft Dragnet
Tan Jiansheng, a retired deputy general manager of China General Nuclear Power, is suspected of ‘serious violations of (Communist Party) discipline and law’
May 14, 2024 04:52 PM

: Robocar Supplier Sues U.S., Disputes Alleged Chinese Military Ties
Hesai Technology is taking the Department of Defense to court for putting it on a list that caused it ‘to suffer reputational injury’
May 14, 2024 03:39 PM

: U.S. Kicks Chinese Crypto Miner Off Land Near Air Force Base
The Biden administration said MineOne posed a national security threat because the base is home to intercontinental ballistic missiles
May 14, 2024 03:16 PM

: Shanghai Composite Index Fell 0.07% on Tuesday
Shenzhen Component Index finished nearly flat
May 14, 2024 03:03 PM

: Chinese EV Giant BYD to Unveil Plug-In Hybrid Pickup in Mexico
Debuting the Shark outside of the company’s home market shows Mexico’s growing importance to automakers in China, where growth has slowed
May 14, 2024 02:28 PM

: China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond Sales
The issuance is the first in a drive by Chinese lenders to replenish capital and support growth of the world’s No. 2 economy
May 14, 2024 02:17 PM

: Chinese Builder Agile Defaults on Dollar Bonds for First Time
The developer of villa apartments and high-rises hasn’t paid interest within a grace period on dollar bonds due in 2025, exchange filing says
May 14, 2024 01:11 PM

: Daily Tech Roundup: AI Pioneer Aims to Give China Its ChatGPT Moment, EU Closes China Solar Probe
Nio signs up sixth automaker to battery swapping alliance, SAIC to share hybrid car tech with Volkswagen and GM
May 14, 2024 12:54 PM

: CX Daily: Will China’s Latest Policy Call-to-arms Turn The Ailing Property Market Around?
Two ChemChina ex-leaders during the Syngenta deal are probed by China’s top graft-buster. Accounting firms in China should store their audit working papers on the mainland, according to new rules.
May 14, 2024 07:33 AM

: Chinese Firms End Six-Year Operation Running Addis Ababa–Djibouti Railway
Contractor hands over China-funded 752-kilometer railway linking landlocked Ethiopia with the Red Sea
May 14, 2024 05:31 AM

: EU Closes China Solar Probe as Firms Withdraw Romania Bids
Three companies with Chinese links pull out of tender for 110-megawatt solar park financed partly through the EU
May 14, 2024 05:07 AM

: AI Pioneer Kai-Fu Lee Aims to Bring China Its ChatGPT Moment
Unicorn founder says the year 2024 will be explosive for generative AI applications in China
May 14, 2024 05:03 AM

: Chart of the Day: 15 Chinese Provincial Capitals Scrap Homebuying Curbs
As the real estate crisis shows little sign of ending, over a dozen provincial capitals have made U-turns on the curbs since last summer
May 13, 2024 08:35 PM

: Gallery: Dazzling Auroras Color Night Skies
From Friday evening to early Sunday morning, rare auroras were spotted around the world far from the poles, triggered by solar flares from an extreme geomagnetic storm. In China, the aurora borealis, commonly known as the northern lights, was spotted in Xinjiang, Inner Mongolia, Hebei and even Beijing. In response to the solar activity, China’s National Space Weather Monitoring and Warning Center issued a red alert at 9 a.m. Saturday for geomagnetic storms
May 13, 2024 07:24 PM

: Chinese Shipping Costs Spike on Red Sea Crisis, Robust Demand
The Shanghai Containerized Freight Index, which tracks changes in spot rates from the port city to destinations such as Europe, gained some 19% in the past two weeks
May 13, 2024 07:18 PM