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The Latest Breaking News from Caixin Global

Shanghai Composite Index Rose 0.72% on Monday

Shenzhen Component Index closed up 1.39%

Caixin Global

Former Beijing Auto Group Chairman Probed by Capital’s Graft Buster

Xu Heyi retired from the top job about three years ago and no details were given in the statement from the Beijing Commission for Discipline Inspection

Caixin Global

China Updates Rules on Securities Firms to Highlight Risk Control

Proposal would update regulations in line with China’s new Securities Law, which took effect in March 2020

Caixin Global

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Brazil Joins China’s Drive to Boost Yuan’s Global Use

Banco Bocom BBM becomes first lender in South America to join China’s yuan cross-border payments system CIPS, weeks after ICBC’s Brazilian branch was appointed the country’s yuan clearing bank

Caixin Global

Bank of China Ex-Chairman Investigated for Alleged Corruption

Liu Liange was removed as BOC’s Communist Party chief in February and relinquished his position of chairman earlier this month

Caixin Global

Beijing’s Ex-Health Chief Pleads Guilty to $1.5 Million Graft

Yu Luming accepted money and valuables for abusing his power in various former roles in the capital to help others obtain land use rights and hospital project contracts

Caixin Global

Shanghai Composite Index Rose 0.36% on Friday

Shenzhen Component Index closed up 0.64%

Caixin Global

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Opinion: Significance of Jack Ma’s Reappearance Should Not be Underestimated

Alibaba co-founder’s well-publicized visit to a local school signals a shift in China’s treatment of big tech

Caixin Global

Weekly Must-Read: Alibaba Splits Into Six Business Units in Biggest Overhaul

The $220 billion e-commerce colossus will become a holding company and grant management and financing independence to the new enterprises

Caixin Global

Fosun International Profit Plunges 95% in 2022

Market turmoil and Covid outbreaks almost wipe out earnings for a conglomerate also mired in a debt crisis

Caixin Global

Caixin Top Stories of the Month: TikTok Walks on Thin Ice Amid Western Security Fears

As the U.S., Canada and the EU torque up pressure and restrictions, ByteDance fights to avoid a government-forced spinoff of its gold mine

Caixin Global

China’s Short-Video App Users Top 1 Billion

The number makes up more than 70% of the total population and 95% of all internet users in the country

Caixin Global

China Chalks Up Fresh Win for Yuan Internationalization With LNG Trade

State-owned China National Offshore Oil completes purchase of more than 60,000 tons of liquefied natural gas from French giant TotalEnergies

Caixin Global

Beijing Reaffirms Taiwan Could Adopt Own Social System After Reunification

The central government would ‘fully respect’ the lifestyle of the island’s people, spokesperson says

Caixin Global

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Caixin Global

China’s Latest Move to Become Global AI Hub Focuses on Science Research

The government aims to drive artificial intelligence research in areas such as drug development, genetic research and biological breeding

Caixin Global

Shanghai Composite Index Rose 0.65% on Thursday

Shenzhen Component Index closed up 0.62%

Caixin Global

In Depth: New Business Comes With Old Risks for China’s Struggling Tutoring Industry

Sales of ‘learning tablets’ helped keep companies going after the crackdown on for-profit education, but looming regulation and growing competition show the shift is no cure-all

Caixin Global

Allianz Seeks Bigger Foothold in China’s $3.9 Trillion Mutual Fund Market

The German financial giant has applied with the CSRC to set up a wholly owned fund manager

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Caixin Global

Bond Market Tumult Ravages Two Chinese Financial Majors’ Hong Kong Units

Bocom International and Guotai Junan International both report taking hits to their bottom lines for 2022

Caixin Global

Crypto Mining Platform Bitdeer Moves Step Closer to Nasdaq SPAC Listing

The deal, already delayed three times, would give the company an implied equity value of around $1.18 billion

Caixin Global

Shanghai Composite Index Fell 0.16% on Wednesday

Shenzhen Component Index closed up 0.13%

Caixin Global

GAC Aion Pulls the Plug on Smart Car Collaboration With Huawei

Automaker’s EV unit will develop its own smart car system as Huawei doubles down on a competing business model for automotive partnerships

Caixin Global

Exclusive: Former Exim Bank Executive Pleads Guilty to Taking Bribes

Li Li, known as the ‘godmother’ of China’s shipping industry, has been charged by prosecutors with accepting almost $14.5 million in ill-gotten gains, sources tell Caixin

Caixin Global

Premier Reassures That China Remains Committed to Opening Markets

Li Qiang says the country is striving to create a ‘first-class business environment’ for foreign investors

Caixin Global

China’s Cyberspace Watchdog Takes Aim at Slander Against Businesses

The authority looks to curb the malicious spreading of false information to create a better environment for private companies and entrepreneurs

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