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 Weaker Insurers Skip Early Bond Redemptions Amid Growing Financial Stress
Several insurance companies have chosen to pay higher interest rates on their supplementary capital bonds rather than exercise an option to redeem them early, a sign they are facing solvency problems

: China Launches First Major Sodium-Ion Battery Energy Storage Station
The facility in Guangxi is the first use of sodium-ion battery technology on a large scale in China, manufacturer says

Cover Story: Will China’s Latest Policy Call-to-Arms Turn the Ailing Property Market Around?

The government hopes to end the slump by studying policies to reduce the record vacant housing overhang, earning cheers from foreign investors and buoying share markets

: China’s Credit Contraction Caused by Changes to Banks’ GDP Calculation, Economists Say
The authorities have switched to a method that relies mostly on lenders’ profitability metrics, rather than growth in loans and deposits

China Credit Shrinks for First Time Since at Least 2017

China Invites Putin for State Visit

The Russian leader is set to arrive Thursday, China's foreign ministry says

A-Share Database >>

Caixin Biz Roundup: Why Chinese PE and VC Firms Are Chasing Middle East Money

May 10, 2024 02:52 PM

00:00/00:00

LATEST NEWS

: McDonald’s Apologizes Over Reports of China Food Safety Violations
The U.S. burger giant is cooperating with regulators to investigate reports that employees at two outlets used expired ingredients and tampered with expiration labels
May 14, 2024 07:15 PM

: Gallery: Singapore’s Prime Minister Resigns
The country’s premier, Lee Hsien Loong, submitted his resignation to President Tharman Shanmugaratnam Monday after two decades at the helm. Lawrence Wong, the current deputy prime minister and finance minister, is set to take his place. Lee, son of Singapore’s independence leader Lee Kuan Yew, became Singapore’s third prime minister in 2004, he will become its state counsellor after stepping down
May 14, 2024 07:14 PM

: Commentary: What the PBOC’s Trading of Government Bonds Will Mean for Monetary Policy
The central bank plans to directly engage in the secondary market, which will generate complex policy signals, as each transaction could be interpreted as an indication of policy direction
May 14, 2024 07:08 PM

: China Seeks to Eliminate Regulations That Hurt Business Environment
The Ministry of Justice is asking the public for help identifying policies that put certain businesses, especially private companies, at a disadvantage
May 14, 2024 06:42 PM

: Retired Deputy Director at Panda Research Center Caught Up in Graft Probe
The investigation into Zhang Haiqing may be related to his previous experience working in Sichuan province’s Aba prefecture, source says
May 14, 2024 04:54 PM

: Former State-Owned Energy Veteran Caught in Graft Dragnet
Tan Jiansheng, a retired deputy general manager of China General Nuclear Power, is suspected of ‘serious violations of (Communist Party) discipline and law’
May 14, 2024 04:52 PM

: Robocar Supplier Sues U.S., Disputes Alleged Chinese Military Ties
Hesai Technology is taking the Department of Defense to court for putting it on a list that caused it ‘to suffer reputational injury’
May 14, 2024 03:39 PM

: U.S. Kicks Chinese Crypto Miner Off Land Near Air Force Base
The Biden administration said MineOne posed a national security threat because the base is home to intercontinental ballistic missiles
May 14, 2024 03:16 PM

: Shanghai Composite Index Fell 0.07% on Tuesday
Shenzhen Component Index finished nearly flat
May 14, 2024 03:03 PM

: Chinese EV Giant BYD to Unveil Plug-In Hybrid Pickup in Mexico
Debuting the Shark outside of the company’s home market shows Mexico’s growing importance to automakers in China, where growth has slowed
May 14, 2024 02:28 PM

: China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond Sales
The issuance is the first in a drive by Chinese lenders to replenish capital and support growth of the world’s No. 2 economy
May 14, 2024 02:17 PM

: Chinese Builder Agile Defaults on Dollar Bonds for First Time
The developer of villa apartments and high-rises hasn’t paid interest within a grace period on dollar bonds due in 2025, exchange filing says
May 14, 2024 01:11 PM

: Daily Tech Roundup: AI Pioneer Aims to Give China Its ChatGPT Moment, EU Closes China Solar Probe
Nio signs up sixth automaker to battery swapping alliance, SAIC to share hybrid car tech with Volkswagen and GM
May 14, 2024 12:54 PM

: CX Daily: Will China’s Latest Policy Call-to-arms Turn The Ailing Property Market Around?
Two ChemChina ex-leaders during the Syngenta deal are probed by China’s top graft-buster. Accounting firms in China should store their audit working papers on the mainland, according to new rules.
May 14, 2024 07:33 AM

: Chinese Firms End Six-Year Operation Running Addis Ababa–Djibouti Railway
Contractor hands over China-funded 752-kilometer railway linking landlocked Ethiopia with the Red Sea
May 14, 2024 05:31 AM

: Mainland, Hong Kong Swap Connect Adds New Features to Attract Investors
New features for one-year-old Swap Connect program gives overseas funds easier access to Chain’s derivatives market
May 14, 2024 05:24 AM

: China to Kick Off Issuance of $138 Billion Ultra-Long Bonds to Boost Economy
The first batch of the debt, comprising an unspecified amount of 30-year bonds, will be issued on Friday with the program of sales continuing until mid-November
May 14, 2024 05:14 AM