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TOP STORIES

: China Signals Support for Private Funds With Toned-Down Rules
Regulators have softened proposed requirements, including parameters for forcing small funds into liquidation, and given them more time to adapt to the new framework

: 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

Huawei Moves CEO of Terminal Business to Chairman Role

Chinese tech giant names Richard Yu, who has already served as CEO of the business arm that includes smartphones and smart car solutions for 10 years

: 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

China’s Solar Giants May Need to Open Factories in U.S., Longi Chairman Says

The comment comes after an American industry group accused Chinese manufacturers of sidestepping U.S. tariffs by moving a portion of their supply chains to Southeast Asia

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Caixin Biz Roundup: China on Track to Become World’s Largest Luxury Market

Apr 26, 2024 07:26 PM

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LATEST NEWS

: Gallery: Holiday Rail Recovery
Railway passengers will take an estimated 144 million trips in China over this year’s May Day holiday, up 8.3% from the comparable period in 2023, according to China National Railway Group. The peak holiday travel period began on April 29 and will run through to May 6, a total of eight days, with passengers making an average of 18 million trips on the rail network each day. Some of the most popular destinations are Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu, Wuhan, Xi’an and Nanjing
May 02, 2024 08:03 PM

: Commentary: Politburo Signals Little Change in Economic Policy After ‘Good Start’ to 2024
Leaders are seeking to balance the improvement in the economy against continued challenges such as insufficient effective demand
May 02, 2024 08:00 PM

: Dozens Killed After Guangdong Highway Collapses
Following days of torrential rain, a hillside section of highway collapsed in the early hours of Wednesday morning
May 02, 2024 05:10 PM

: Yet Another Former Senior Justice Official Ensnared by Graft Probe
Investigation into Liu Zhiqiang, vice minister from 2016 to 2023, comes a month after one of the ministry’s ex-chiefs fell under suspicion
May 02, 2024 03:21 PM

: China’s New Economy Industries Gain Ground
The contribution of high value-added industries such as biomedicine to total economic inputs rose to 30.7% in April
May 02, 2024 03:08 PM

: Daily Tech Roundup: Fatal Crash Mars Huawei’s EV Efforts, Binance Founder Gets Four Months in Prison
China’s EV whiz kids are flipping the script on joint ventures, foreign carmakers give Chinese peers their due at Beijing Auto Show
May 02, 2024 01:02 PM

: Huawei Lab Barred by U.S. Regulators as Part of Crackdown on China
Proposal bans the Chinese firm and other ‘prohibited entities’ from roster of labs used to ensure equipment sold in the country conforms to technical standards
May 02, 2024 12:54 PM

: Hong Kong’s Stock Rally Faces Test With China Inflows on Pause
Mainland Chinese investors, out of action on a public holiday, have become increasingly important for the city's market where the Hang Seng Index sits on the cusp of a technical bull market
May 02, 2024 12:46 PM

: Taiwan Halts Two-Year Factory Slump in Sign of Broader Rebound
Taiwan ramped up output amid higher new orders, with companies reporting improved demand from the domestic market, S&P Global said
May 02, 2024 12:20 PM

: Yen’s Wild Swings Are Just a Taste of What’s to Come
After sliding to a more than three-decade low, government intervention had been expected, and when it climbed speculation was rife that officials had stepped in for the first time in two years
May 01, 2024 06:56 PM

: Binance Founder Changpeng Zhao Gets Four Months in Prison
The sentence was far below the three years requested by prosecutors, who had sought to make an example out of Zhao to an industry rebounding from a slew of high-profile scandals
May 01, 2024 06:34 PM

: Fatah, Hamas Express ‘Political Will’ for Reconciliation in Beijing Talks
Representatives from the two rival Palestinian groups ‘made encouraging progress’ in a meeting brokered by China, foreign ministry says
May 01, 2024 06:16 PM

: Fatal Car Crash Mars Huawei’s Efforts to Break Into Electric-Vehicle Market
The accident involved an Aito M7 Plus, a product of the tech giant’s collaboration with Seres Group, claiming three lives including a toddler
May 01, 2024 05:45 PM

: Chinese Leaders Hints at New Pivot in Tackling Property Downturn
Politburo is to study policies for reducing existing housing stock, while optimizing new housing supply
May 01, 2024 05:49 AM

: China’s Communist Party to Hold Key Plenary Session in July
Third plenum to concentrate on further deepening reform and advancing Chinese modernization, according to agency reports
May 01, 2024 05:37 AM

: Huawei Profit Surges 564% As It Eclipses Apple in China
Smartphone maker reports $2.7 billion profit for the first quarter after new Pura 7 series sells out in two days
May 01, 2024 05:30 AM

: Beijing Further Loosens Home Buying Curbs in Non-Core Areas
Beijing allows families to buy one more house outside the fifth ring to ease pressure of property downturn
May 01, 2024 05:26 AM