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

TOP STORIES

: Weekend Long Read: A TikTok Unearths the Scars of Crimes Against Humanity
American social media creator Pawn Man found himself embroiled in controversy after sharing photos he thought portrayed the Rape of Nanjing

: U.S. Imposes Sanctions on Chinese Companies for Alleged Support of Russian Military
Some 20 Chinese companies are among hundreds from other countries including Turkey and Malaysia to be punished for their alleged involvement in supporting Russia’s war in Ukraine or the country’s defense and energy industries in general

China Tightens IPO Requirements for STAR Market Hopefuls

Regulators have imposed tougher qualifications for R&D investment and marketable patents with the aim of improving the quality of companies listed on the science and technology innovation board

: Fire Engulfs Historical University Site in China’s Henan Province
The near century old auditorium at Henan University’s Minglun campus in Kaifeng appeared to suffer serious damage, with officials forming a joint-agency team to probe the cause of the blaze

China Launches Chang’e Space Probe to Collect Samples From Far Side of the Moon

Chang’e-6 will collect rock and soil samples from a vast impact crater on the Moon that is helpful to study the Moon's evolutionary history

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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

: Geely’s EV Maker Zeekr Seeks Up to $368 Million in U.S. IPO
Firm plans to market 17.5 million American depositary shares for $18 to $21 apiece in what will be the biggest U.S. offering by a China-based firm since 2021
May 04, 2024 06:44 PM

: Albemarle Plans More Lithium Auctions in Bid to Demystify Prices
Lithium market has gone from fears of shortages to a glut with prices falling 80% since 2022 and making auctions necessary to clear inventory
May 04, 2024 05:44 AM

: U.S. Politicians Want Investigation Into TikTok’s Use of Kids for Lobbying
TikTok denies intentionally targeting children under 13 and says it only sent notification about the bill to users aged 18 or older
May 04, 2024 05:42 AM

: China’s Outstanding Personal Mortgages Shrink Even Faster
The decline picked up pace to 1.9% in the first quarter as the protracted real estate downturn continued to weigh on demand
May 03, 2024 07:14 PM

: Tianqi Lithium Plunges Into the Red on Falling Prices, Troubled Chile Investment
Shenzhen-listed firm reported a net loss of 3.9 billion yuan in the first three months after booking a one-time loss from its stake in miner SQM, which faces possible nationalization
May 03, 2024 07:56 PM

: Gallery: Aftermath of Deadly Highway Collapse
A section of highway connecting Guangdong and Fujian provinces collapsed just after 2 a.m. Wednesday near the town of Chayang after days of torrential rain. As of Thursday afternoon, the official death toll had risen to 48, with 30 people injured. A total of 23 vehicles were discovered at the site
May 03, 2024 07:07 PM

: Caixin Biz Roundup: Musk’s Surprise Visit to China, ICBC Sets Up Militia Unit
TikTok vows to fight on in face of U.S. ban, EU hits fast-fashion giant Shein with new digital rules, Air China orders 100 homegrown C919s
May 03, 2024 06:38 PM

: Toyota Unit Launches Cambodian Auto Plant Built on African Strategy
Toyota Tsusho used its strength as a trading company to expand into niche fields in Africa that were difficult for Toyota Motor to enter
May 03, 2024 03:58 PM

: Deutsche Bank Plans to Double Wealth Business in Five Years After Hiring Push in Asia
Prosperous families in the Gulf are increasingly keen to invest in Southeast Asia and Hong Kong, and vice versa, the lender’s head of global private banking head says
May 03, 2024 03:27 PM

: In Depth: Chinese Firms Are Working on AI-Powered Androids
While the tech is in its infancy, the push to equip robots with machine-learning capabilities is raking in new investment
May 03, 2024 02:18 PM

: CX Daily: China Signals Support for Private Funds With Toned-Down Rules
At least 48 people died after a section of highway in Guangdong province collapsed. Haitong Securities decides to remove its Hong Kong unit’s CEO
May 03, 2024 09:34 AM

: In Depth: How China Can Tackle Global Challenges to Expansion in Key Emerging Sectors
Solving industrial overcapacity by increasing exports is facing mounting resistance overseas. Boosting domestic demand may the solution
May 03, 2024 04:10 AM

: An Influx of Chinese Tourists Is Coming to a Country Near You
China’s holidaymakers are on the move again at near pre-pandemic levels giving the tourism industry a much-needed boost
May 03, 2024 04:06 AM

: French Cognac Producers Push for Deal on China Dumping Probe
Cognac makers accused of dumping brandy in China have had high-level contacts seeking to resolve matters before Xi’s state visit to France
May 03, 2024 04:04 AM

: Energy Insider: ‘Green Hydrogen’ Machines Could Be New Export Darling, Shipbuilding Giant Seals Massive Deal
Chinese wind-turbine makers dominate global industry, solar juggernaut reports net loss, Beijing warns power supply ‘may be tight’ this summer
May 02, 2024 09:37 PM

: Haitong Securities Decides to Remove Hong Kong Unit’s CEO After Big Losses, Sources Say
Under Lin Yong’s leadership, Haitong International Securities built up a business that rose — and fell — with China’s real estate industry
May 02, 2024 06:01 PM

: Charts of the Day: China’s Juvenile Offenders Surge as Criminal Convictions Rise
Some 374,000 criminal defendants were sentenced in the first quarter, up 14%, including around 12,000 under 18-year-olds — a 78% jump
May 02, 2024 06:47 PM