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The Latest Breaking News from Caixin Global

Shanghai Composite Index Fell 0.76% on Monday

Shenzhen Component Index closed down 1.18%

Caixin Global

China Protests U.S. Downing of Chinese Unmanned Airship, Says It’s ‘Clear Overreaction’

Beijing says it will ‘resolutely safeguard’ the rights and interests of the company concerned and that the country reserves the right to make further responses if necessary

Caixin Global

Fugitive Hong Kong Mogul Auctions Up to $2 Million in Luxury Handbags

Joseph Lau Luen-hung is selling 77 rare Hermès bags in the largest single-owner handbag sale ever held in Asia, according to Sotheby’s

Caixin Global

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Former CSRC Accounting Head Expelled From Communist Party

Wang Zongcheng found to have accepted bribes from supervision targets in exchange for securities regulatory information

Caixin Global

Opinion: How China’s Chip Industry Should Respond to the U.S.-Japan-Netherlands Alliance

A recently established partnership between the three countries threatens to cut China’s access to key chipmaking equipment, so Chinese firms must move quickly to secure international cooperation where it can be found

Caixin Global

China’s Top Diplomat Calls for Military Caution, Economic Cooperation With Japan

Foreign Minister Qin Gang expressed the need for sensitivity over issues related to Taiwan and disputed islands in the East China Sea

Caixin Global

Shanghai Composite Index Fell 0.68% on Friday

Shenzhen Component Index closed down 0.63%

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Weekly Must-Read: The Vision of Singapore’s Next Prime Minister

Lawrence Wong sees himself as a ‘servant leader,’ he says. ‘My role is not just to lead, but to serve my country and my fellow citizens’

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Beijing to Fully Reopen Border Between Mainland and Hong Kong, Macao

Covid test requirements and quotas will be scrapped starting Feb. 6 for travel to and from the two special administrative regions

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China’s January Auto Sales Plunge 45%

End of government subsidies in December and week-long Lunar New Year holiday drag on sales

Caixin Global

China’s January New-Home Prices Drop Again as Buyers Wait and See

Declines drag into a seventh straight month despite the end of pandemic restrictions and a series of measures to bolster the real estate market

Caixin Global

Caixin New Economy Index Slips for Second Straight Month

The NEI fell 1.4 points to 28.3 in January as labor, capital and tech inputs declined

Caixin Global

Opinion: To Capitalize on Reopening, China Needs to Rebuild Foreign Investor Confidence

International companies will need to be convinced the country presents not just growth potential but a predictable enough environment to invest in for the long term

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Thursday

Shenzhen Component Index closed down 0.22%

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Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring

CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price

Caixin Global

China’s New Home Sales Get Off to a Weak Start in 2023

The 100 largest Chinese developers sold $52.5 billion worth of new properties in January, down 32.5% from a year earlier

Caixin Global

China Doled Out $622 Billion of Tax and Fee Relief to Support Businesses in 2022

Micro and small enterprises were the biggest beneficiaries of the support, which included value-added tax refunds

Caixin Global

Wang Tao: Economic Activity Gains Ground During Holiday, but Nowhere Near Pre-Covid Levels

High-frequency data around the Lunar New Year improved over 2022, but some indicators remain well below where they were before the pandemic

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China Warns Incoming Czech Leader Over Call with Taiwan’s Tsai

A Foreign Ministry spokesperson says President-elect Petr Pavel’s call was a violation of the ‘One China’ principle

Caixin Global

Shanghai Composite Index Rose 0.9% on Wednesday

Shenzhen Component Index closed up 1.31%

Caixin Global

Global Central Banks Increase Gold Buying to Highest in 55 Years

Demand for gold worldwide rose 18% last year to 4,741 tons amid soaring inflation and increased geopolitical risk

Caixin Global

Editorial: The Urgent Need for Global Cooperation

In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change

Caixin Global

Shanghai Composite Index Fell 0.42% on Tuesday

Shenzhen Component Index closed down 0.8%

Caixin Global

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

Caixin Global

iFlytek Jumps by Daily Limit as AI Arouses Investor Interest

The tech company stock rises 10% despite warning its 2022 profit fell by an estimated 60% to 70%

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