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

TOP STORIES

: In Depth: Geely Auto Comeback Gets Into Gear as EV Sales Soar
After two years chasing EV-maker BYD, the legacy car manufacturer took the lead in January, selling more than 210,000 vehicles including around 65,000 electric cars

: Shanghai Prime Office Vacancies Hit Near 20-Year High
The vacancy rate of grade-A office buildings in the city reached 20.9%, up 1.1 percentage points from the previous quarter, according to CBRE

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

: BYD-Backed Horizon Robotics Unveils Next Generation Auto Chips
The Journey 6 series processors will go into mass production later this year, and carmakers including BYD, VW and Li Auto have signed up to use them, the company said

In Depth: Regulatory Titan Laura Cha Takes Final Bow

The 74-year-old’s career included stints at Hong Kong and Chinese mainland securities regulators and was packed with changes and challenges

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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

: Xiaomi Expects Annual Car Delivery to Reach 100,000
SU7, Xiaomi’s electric vehicle, secured more than 75,700 orders in the 28 days since its launch
Apr 26, 2024 04:05 AM

: ICBC Sets up Corporate Militia Unit in Qinghai
Bank reserves take on new meaning with formation of a corporate militia to fulfill national defense obligations
Apr 26, 2024 03:58 AM

: Court Rules a Person Has Rights Over Use of Their AI-Synthesized Voice
Companies fined for generating an AI version of actor’s voice without his knowledge as court establishes precedent
Apr 26, 2024 03:44 AM

: Morgan Stanley Reorganizes Asia PE Team After Senior Departures
Bank is to optimize its investing footprint by combining its onshore and offshore China-focused investing teams
Apr 26, 2024 03:39 AM

: Korea Overtakes China With Record Corporate Dollar Bond Offerings
The bond rush comes as more South Korean companies are tapping dollar markets to fund overseas expansion
Apr 26, 2024 03:34 AM

: PDD Loses Appeal in Unfair Competition Ruling Against Alibaba’s Logistics Arm
A Zhejiang court has ordered the e-commerce giant to compensate Alibaba’s logistics arm Cainiao Network 5 million yuan, bringing an end to a legal spat that began in 2022
Apr 25, 2024 08:15 PM

: Hang Lung’s Outgoing Chairman Warns Hong Kong Against Overreliance on Real Estate
It's ‘relatively dangerous’ that the city has depended on property as an economic pillar for so long, Ronnie Chan says
Apr 25, 2024 07:51 PM

: Ping An Trust Wins Court Ruling, Forcing Troubled Developers to Repay Funds
A Shenzhen court has ordered two subsidiaries of debt-laden builder Zhenro Properties to repay $106.6 million, which the trust firm needs to make missed payments to investors
Apr 25, 2024 07:38 PM

: Bank of China Ex-Chairman Pleads Guilty to Taking Over $16 Million in Bribes
Liu stands accused of accepting money in exchange for helping companies and individuals secure loans, jobs and project contracts from 2010 to 2023
Apr 25, 2024 07:33 PM

: Gallery: Blinken’s Back
U.S. Secretary of State Antony Blinken arrived in Shanghai Wednesday on a three-day visit to China. This is his second trip to the country in less than a year, following a visit in June, and comes on the heels of Treasury Secretary Janet Yellen’s trip earlier in April. While in Shanghai, Blinken met with the city’s party secretary Chen Jining, visited various sites including the Bund, where he spoke with American tourists, and watched a local basketball game. He will wrap up his visit in Beijing, where he is set to meet Foreign Minister Wang Yi
Apr 25, 2024 07:20 PM

: Weekly Must-Read: Why China’s Project Whitelists Can’t Cure Real Estate Slump
Although the lists are helping many developers secure financing to finish their projects, there may not be enough demand for new homes to soak up the extra supply, bankers warn
Apr 25, 2024 06:57 PM

: Commentary: City’s Gas Debacle Shows How Government Credibility Is Fragile
At a time of economic uncertainty, the authorities should not leave the public guessing
Apr 25, 2024 05:16 PM

: TSMC Aims to Produce Ultra-Advanced 1.6-Nanometer Chips by 2026
Unveiling its A16 technology, the Taiwan firm says the introduction of 1.6-nanometer chipmaking can ‘greatly improve’ logic chip density and performance
Apr 25, 2024 04:55 PM

: Former Head of Shanghai Legislature Charged With Bribery
Prosecutors accused Dong Yunhu of taking advantage of his positions to hand out favors
Apr 25, 2024 03:54 PM

: U.S. Solar Companies Seek Additional Tariffs on Panel Imports From Asia
Seven panel-makers and polysilicon producers seek help to counteract what they say are unfair practices by overseas rivals
Apr 25, 2024 03:37 PM

: Shanghai Composite Index Rose 0.27% on Thursday
Shenzhen Component Index closed up 0.14%
Apr 25, 2024 03:03 PM

: China 2024 Growth Outlook Rises to 4.8%, but Deflation Risk Lingers
Analysts upgraded their GDP forecasts for the year after the first-quarter figure came in better than expected
Apr 25, 2024 01:58 PM