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 Securities Firms Rein In Pay Packets as Pressures Mount
The industry is being squeezed by a government campaign to cut excessive remuneration, a bearish stock market and regulatory tightening of IPOs

: China Targets ‘Political Swindlers’ in Anti-Graft Campaign
Investigations have found several instances of fraudsters duping officials by claiming to be able to secure promotions, deflect corruption probes

China’s Ex-Justice Minister Conned by ‘Political Swindlers,’ Documentary Says
Former Provincial Political Advisory Chief Booted From Party on Bribery Allegations

Cover Story: China Set to Ease Controls on Genetic Resources to Plug Biotech Innovation Gap

The National Health Commission is spearheading the reform, Caixin has learned, in response to complaints that overly tough restrictions are choking innovation, particularly in the biotech and pharmaceutical sectors

: Charles Li’s Micro Connect Lays Off or Redeploys a Quarter of its Staff in Radical Restructuring
Li blames the job cuts on management’s failure to control the pace of investment and over-hiring

In Depth: Getting China’s Low-Altitude Economy Off the Ground

Buzz grows around idea that drones and other flying vehicles could create a new engine for growth

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Caixin Biz Roundup: Chinese Shipping Costs Spike, Cosco Defends Peru Port Rights

May 17, 2024 05:26 PM

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LATEST NEWS

: Ageas Buys 10% Stake in China Taiping’s Pension Unit for $150 Million
Agreement gives Belgian insurer the option to increase its stake to 24.99% within three years
May 22, 2024 02:55 AM

: CSRC Probes Information Disclosure Consultancies Amid Tightening Stock Market Oversight
The hiring of consulting firms founded by former regulatory officials to provide listed companies with information disclosure support has come under the microscope
May 21, 2024 08:04 PM

: Veteran Diplomat Appointed Deputy Head of Communist Party’s International Liaison Arm
Lu Kang was until recently China’s ambassador to Indonesia, where he oversaw the construction of the Jakarta-Bandung high-speed railway, a major joint infrastructure projec
May 21, 2024 08:20 PM

: China Tops World in Green Bond Issuance for Second Straight Year
The country’s $131 billion in 2023 nearly doubles the No. 2 nation, Germany
May 21, 2024 08:10 PM

: Asset Manager Great Wall Reveals $6.7 Billion Net Loss in Delayed 2022 Annual Report
The state-owned company blames the loss on the economic downturn, repeated outbreaks of Covid-19 and the real estate debt crisis
May 21, 2024 07:40 PM

: One Dead After Singapore Airlines Flight From London Suffers Severe Turbulence
The plane made an emergency landing in Bangkok, where local media reported about 30 passengers were injured
May 21, 2024 07:34 PM

: Gallery: Iran Mourns President
Ebrahim Raisi, the country’s number two figure after Supreme Leader Ayatollah Ali Khamenei, was killed in a helicopter crash in Iran's northwestern border province of East Azerbaijan on Monday. Raisi had presided over the country’s domestic and foreign affairs since 2021, and was widely supported by Iran's hardline conservatives
May 21, 2024 06:38 PM

: Pharma Giant AstraZeneca to Build $1.5 Billion Manufacturing Facility in Singapore
Plant will produce next-generation treatment that can deliver highly potent cancer-killing agents directly to cancer cells through a targeted antibody
May 21, 2024 06:21 PM

: Chinese Bottled Water Giant Nongfu Spring Takes Legal Action Against Its Haters
The company and its billionaire founder were lambasted online in February after his appearance at a rival’s funeral, sending its sales and share price plummeting
May 21, 2024 05:57 PM

: Stellantis Brings China EVs to South America in Brazil Expansion
The Netherlands-based automaker, which owns brands such as Jeep and Fiat, will offer vehicles co-developed with Leapmotor on the continent
May 21, 2024 05:47 PM

: Ex-Vice Chair of Top Provincial Advisory Body Investigated for Corruption
Wang Hao, 59, is suspected of ‘serious violations of discipline and law,’ country’s graft busters say
May 21, 2024 03:37 PM

: Shanghai Composite Index Fell 0.42% on Tuesday
Shenzhen Component Index closed down 0.71%
May 21, 2024 03:03 PM

: Daily Tech Roundup: Beijing to Pilot Shared Electric Bikes in Southeast Suburb, China Set to Ease Controls on Genetic Resources
Li Auto sales disappoint, troubled EV-maker HiPhi Plans to resume production
May 21, 2024 03:02 PM

: CX Daily: China set to ease controls on genetic resources to plug biotech innovation gap
Xi offers his condolences after lran’s President dies in a helicopter crash. China’s minister of agriculture is probed for corruption. Plus, Suning risks losing control of Inter Milan.
May 21, 2024 10:23 AM

: Beijing to Pilot Shared Electric Bikes in Southeast Suburb
The shared electric bikes must meet new national standards and Beijing regulations, including registration and smart helmets
May 21, 2024 04:11 AM

: China’s Fiscal Revenue and Land Sales Continue to Fall as Property Slump Grinds On
China’s national fiscal revenue fell 3.7% in April while government expenditure accelerated, Ministry of Finance data shows
May 21, 2024 04:07 AM

: Li Auto Sales Disappoint Amid Tepid Demand for Pure Electric Car
Li Auto’s first quarter profits fail to meet analysts’ forecasts as sales of its MEGA van disappoint and competition hots up
May 21, 2024 04:05 AM