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The Latest Breaking News from Caixin Global

Covid Deaths Fall Nearly 80% From January Peak, China CDC Says

The number of critically ill patients from the virus drops 72% from its daily peak earlier this month

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At Least One Chinese National Among Victims in Lunar New Year U.S. Shooting

The deadly Saturday attack at a dance club in Monterey Park is followed by yet another mass shooting in California on Monday where victims are reportedly ‘Chinese farmworkers’

Caixin Global

Developer Oceanwide and Tycoon Lu Zhiqiang Sued in $1 Billion Loan Dispute

China Minsheng Bank is pursuing the firm and its de facto controller for billions of yuan in unpaid debt that they guaranteed

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China Urges Los Angeles Community to be Vigilant After New Year’s Day Mass Shooting

The Chinese consulate in the city issued the warning after a 72-year-old man killed 10 people in a dance club in an Asian American neighborhood

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China to Resume Overseas Group Tours Feb. 6 to 20 Countries

Most countries on the list haven’t imposed additional Covid restrictions on Chinese tourists despite the wave of domestic infections

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Ex-China Life Chairman Charged for Bribery, Concealing Overseas Deposits

Wang Bin’s alleged misconduct stretches back to his time at state-owned lenders the Agricultural Development Bank of China and Bank of Communications

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Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

Lu Jun, who headed the firm in charge of the country’s biggest state-run chip investment vehicle, is suspected of taking bribes, embezzling public funds and abusing his position

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Shanghai Composite Index Rose 0.76% on Friday

Shenzhen Component Index closed up 0.57%

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Weekly Must-Read: Where to Now for Alibaba in the Post-Jack Ma Era?

With Ma pulling further back from the reins of his e-commerce empire after ceding control of Ant Group, all eyes are watching to see if relations with the government can be patched up

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Two Top Chinese Soccer Officials Under Corruption Probe

Chinese Football Association’s executive deputy secretary-general and a former secretary-general are caught up in a widening graft investigation

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Another Central Bank Official Snared in Graft Probe

The investigation into Li Guo may be related to a broader inquiry into corruption in nonbank payment licenses, sources say

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Harvard-Trained Former PBOC Deputy Governor Appointed Beijing Mayor

Yin Yong replaces Chen Jining, who was named Shanghai’s Communist Party secretary

Caixin Global

Shanghai Composite Index Rose 0.49% on Thursday

Shenzhen Component Index closed up 0.87%

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Fisher: This Year Will Deliver a Big Surprise — and Big Returns — for Stock Investors

After nearly two gloomy years, it isn’t easy to imagine a brighter 2023. But Chinese stocks’ recent rise shows that there are better days ahead for the market

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Caixin Global

Opinion: Defining, Building and Governing a Metaverse for All

Consensus among the stakeholders can be built along two areas: governance and the creation of economic and societal value

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Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed up 0.09%

Caixin Global

CATL Cleared for $945 Million Lithium Mining Acquisition

Bankruptcy court accepts battery giant’s proposal to pay off Sinuowei Mining Development’s debt and buy out its investors

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Shanghai Airport Operator Buys $251 Million Stake in Duty-Free Shops

The acquisition will broaden the firm’s revenue sources to include dividends from CDF-Sunrise’s and Uni-Champion’s businesses

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Five Killed in China Chemical Plant Explosion

Eight people remain missing after the blast at a facility in the northeastern province of Liaoning

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Shanghai Composite Index Fell 0.1% on Tuesday

Shenzhen Component Index closed up 0.13%

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China’s Population Shrinks for the First Time in Six Decades

The country had 850,000 fewer people at the end of 2022 than it did a year earlier, the National Bureau of Statistics says

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Chinese Authorities Seize Fake Paxlovid Anti-Covid Pills

Amid pandemic surge and short supply, counterfeit pills flood booming black market for Pfizer treatment and generics from India

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Guangdong Racks Up $22 Billion Bill Funding ‘Zero Covid’

Local governments’ coffers bore the brunt of the spending, which included mass testing and vaccination campaigns

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Ex-New China Life Chairman Has Been Unreachable Since November, Sources Say

Insurance industry veteran Wan Feng could be under investigation for how the company invested its money during his time at the helm

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Editorial: Pandemic Reveals Just How Important Medical Reform Is for China

Coordinated development and regulation of health insurance, medical services and pharmaceuticals should be the tent poles of revamping the health care system

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