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

TOP STORIES

: 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 Adds More Drugs to Controlled List in Ramped-Up Effort to Combat Abuse
A cough suppressant widely misused by teens is one of four medicines to be classified as a category II psychotropic drug

In Depth: Why Chinese PE and VC Firms Are Chasing Middle East Money

Firms are turning to the region’s sovereign wealth funds as it becomes increasingly difficult to raise capital from their traditional backers in China and the West

: 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

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

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Caixin Biz Roundup: Musk’s Surprise Visit to China, ICBC Sets Up Militia Unit

May 03, 2024 06:38 PM

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LATEST NEWS

: 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

: 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

: China Moves to Rein in Battery Boom Amid Overcapacity Concerns
Draft rules for lithium battery sector raise standards for energy density, lifespan and other specifications and aim to foster healthy development
May 09, 2024 04:50 AM

: Vanke to Sell Headquarters Project as It Divests Assets for Cash
Bidding starts at $305 million for the project spanning three soccer pitches, $124 million below the price Vanke paid for the plot in 2017
May 09, 2024 04:41 AM

: China’s Ganfeng Seeks Full Control of Lithium Mine in Mali
China’s lithium mining and processing giants aims to buy out partner in Goulamina project for $343 million
May 09, 2024 04:37 AM

: Chinese Shipbuilding Giant Says Operation Not Affected by U.S. 301 Probe
State-owned shipbuilder CSSC received 353 ship orders in the first quarter and says U.S. tariffs would have a limited impact
May 09, 2024 03:30 AM

: Gallery: Photos That Defined 2023
This year’s Pulitzer Prizes for photography recognized coverage of the Israel-Gaza War and the plight of Latin America migrants. Reuters won the breaking news photography award for its work documenting the aftermath of the Hamas attack on Israel on Oct. 7. The Associated Press won the prize for best feature photography for its coverage of Latin American migrants as they traversed harsh terrain on their way to the U.S.
May 08, 2024 08:12 PM

: Retired ICBC Executive Expelled From Party for Bribery, Embezzlement
An Liyan, who once ran one of the bank’s Hong Kong-based subsidiaries, used company funds for personal expenses and accepted bribes from subordinates and clients, China’s anti-graft watchdog announces
May 08, 2024 05:01 PM

: Asian Nations Can Direct Colossal Savings Into New Energy, Zhou Xiaochuan Says
An incentivizing mechanism should be established to direct these countries’ vast savings to benefit the global green transition, ex-PBOC governor says at a Boao Forum conference
May 08, 2024 07:51 PM