China’s Innovative Startups, Tech Firms Need More Financial Help, Regulators Say Monday’s meeting also calls for better information-sharing to improve understanding of technology Caixin Global · Nov 23, 2023
Maersk Strikes Deal With Chinese Firm to Buy Methanol for Green Vessels Xinjiang Goldwind will supply the Danish container shipping giant with 500,000 tons a year of the fuel from a new plant in Inner Mongolia Caixin Global · Nov 23, 2023
Financial Sector Has Potential to Better Serve China’s Real Economy, Lawmakers Say There is still much room for the industry to sacrifice profits for the sake of the real economy, a statement from the national legislature says Caixin Global · Nov 23, 2023
Shanghai Composite Index Rose 0.6% on Thursday Shenzhen Component Index closed up 0.78% Caixin Global · Nov 23, 2023
Zhongzhi Declares Itself ‘Severely Insolvent’ as Debt Soars to $65 Billion Audit shows debt of 420-460 billion yuan, double its assets of 200 billion yuan; conglomerate sees significant risk to ongoing operations Caixin Global · Nov 22, 2023
U.S. Draws Fewer Chinese Students, Report Says Mainlanders studying in America fall 0.2% in the 2022-2023 school year, in large part because fewer are pursing an undergraduate education in the country Caixin Global · Nov 22, 2023
Former Deputy Provincial Party Chief Gets 14 Years for Graft Zhang Jinghua, ex-deputy secretary of Jiangsu province’s party committee, accepted around $7 million in bribes to help others win contracts and promotions Caixin Global · Nov 22, 2023
Shanghai Composite Index Fell 0.79% on Wednesday Shenzhen Component Index closed down 1.41% Caixin Global · Nov 22, 2023
Boss of Game Livestreamer DouYu Detained by Police DouYu founder and Chairman Chen Shaojie detained on Nov. 16 in Chengdu; DouYu says no word on reason for detention Caixin Global · Nov 21, 2023
Premier Li Takes Helm of China’s Top Financial Regulator The Central Financial Commission is responsible for top-level design, coordination and supervision of the sector Caixin Global · Nov 21, 2023
Shanghai Composite Index Ended Nearly Flat on Tuesday Shenzhen Component Index closed down 0.26% Caixin Global · Nov 21, 2023
Chinese Automaker GAC Aims to Use Solid-State Battery by 2026 The technology holds the promise for a longer lifespan, increased range and faster charging times than conventional lithium-ion cells Caixin Global · Nov 20, 2023
Mastercard Gets Go-Ahead to Get Into China’s Trillion-Dollar Bank Card Clearing Business The approval makes a Chinese joint venture of the U.S. credit card processing giant the second foreign-funded company to be granted such a clearing license in the country Caixin Global · Nov 20, 2023
Shanghai Composite Index Rose 0.46% on Monday Shenzhen Component Index closed up 0.43% Caixin Global · Nov 20, 2023
Caixin Global · Nov 17, 2023 Ex-Senior Provincial Official Stung in China’s Sweeping Corruption Probe Former deputy head of Sichuan’s top political advisory body Yang Kening is being investigated for ‘serious violations of discipline and law’
Caixin Global · Nov 17, 2023 Xi Pledges to Further Open Markets, Optimize Business Environment for Overseas Firms In a written APEC speech, president vows to shorten the negative list on foreign investment and promote the free and orderly flow of data in compliance with the law
Caixin Global · Nov 17, 2023 Shanghai Composite Index Rose 0.11% on Friday Shenzhen Component Index closed up 0.25%
Caixin Global · Nov 17, 2023 Weekly Must-Read: Chinese Consumers Deluged With Cheap Loans Banks are undercutting each other amid the government’s calls to support consumption and economic growth
Caixin Global · Nov 16, 2023 Xi Announces More Study Abroad Opportunities for Americans At a dinner in San Francisco, the Chinese president shared details from his conversation with U.S. President Joe Biden regarding tourism and panda diplomacy
Caixin Global · Nov 16, 2023 Shanghai Composite Index Fell 0.71% on Thursday Shenzhen Component Index closed down 1.23%
Caixin Global · Nov 15, 2023 Alibaba Expands in Europe With Investment in B2B Platform Visable The move is part of the tech giant’s efforts to grow its country- or region-specific business, as some Chinese products lose their edge in price globally
Caixin Global · Nov 15, 2023 Shanghai Composite Index Rose 0.55% on Wednesday Shenzhen Component Index closed up 0.72%
Caixin Global · Nov 14, 2023 Top Securities Firms CICC, China Galaxy Deny Merger Rumor Both say they haven’t received any information about a tie-up from the government or controlling shareholders
Caixin Global · Nov 14, 2023 Shanghai Composite Index Rose 0.31% on Tuesday Shenzhen Component Index closed up 0.17%
Caixin Global · Nov 13, 2023 Wanted in China: Four Myanmar Telecom Scam Ring Leaders The four are wanted for alleged crimes that go well beyond fraud, including assault, kidnapping and murder