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Caixin Global
Caixin Global
National

Weekly Must-Read: Yuan-Dollar Breakup, PBOC Warnings Signal Rocky Road for Currency in 2022

When the yuan emerged from its strength against the dollar, other major currencies also weakened against the yuan, leading to a series of new highs in the yuan exchange rate index. Photo: VCG

The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.

# Finance #

Exclusive: Private Equity Tycoon Unseen for Two Weeks

Chinaequity’s Wang Chaoyong disappears as Beijing police sought him amid company turmoil and regulatory probes

In Depth: Yuan-Dollar Breakup, PBOC Warnings Signal Rocky Road for Currency in 2022

The yuan has had an unexpectedly strong 2021 as export growth and capital inflows have surged, and the central bank stopped intervening to halt appreciation

# Cover Story #

Didi’s Rocky Road for Moving Its Stock to Hong Kong

Ride-hailing giant may have to take unprecedented steps to shift trading from New York with no easy options available

# Business #

In Depth: Ride-Hailing Industry Contends With Tightening Regulations Amid Didi Fallout

China’s long-running cybersecurity review and other regulatory issues are hobbling the ride-sharing giant’s business

# Economy #

Roundup: China to Roll Back Some of Its Stricter Economy Policies in 2022, Experts Say

Goals such as overhauling the property market and cutting carbon emissions have added to pressure on economic growth

Credit Ratings of Over a Dozen Chinese Property Firms Withdrawn Amid Crisis

Loss of ratings will weaken real estate developers’ ability to get financing through global bond markets, industry insiders and analysts say

# Tech #

AI Specialist SenseTime Delays Hong Kong IPO After U.S. Blacklisting

Chinese company is accused of enabling repression of ethnic minorities, which it and the country’s government deny

State-Backed Investors Beat Out Alibaba for Unigroup

Tech-savvy private equity funds Jianguang Asset and Wise Road win selection as strategic investors in debt-laden Chinese chip conglomerate

Related

Tsinghua Unigroup Files Draft Debt Restructuring Plan for Court Approval

# Opinion #

Is Hong Kong Ready for Chinese Tech Stocks Exiled From New York?

Maintaining the status quo on where shares are listed will benefit China’s tech industry, and ultimately, China-U.S. relations

Don’t Underestimate Hong Kong’s Potential as a New Home for U.S.-Listed Chinese Stocks

Many of the market’s drawbacks could be lessened if some big-name companies are only traded in the city

# China #

In Depth: Warrant Issued for Ex-Jiangxi Party Leader Linked to Alleged Crypto Crimes

Xiao Yi made a name for himself promoting the city’s digital economy, but some megaprojects allegedly served as fronts for cryptocurrency mining

# Weekend Long Read #

Why China Needs Charm in a Multipolar World

Former Singaporean Foreign Minister George Yeo argues it is in China’s interest to master the art of charm in its relations with other countries

# Gallery #

Tomb Confirmed as Han Emperor’s Resting Place

# Podcast #

Is the Worst Over for the Car Chip Shortage?

Industry group says darkest days of supply problems have passed; Beijing bans 106 apps for data security violations; and China approves Covid neutralizing antibody treatment

Related

Darkest Days of Car Chip Shortage Have Passed, Industry Group Proclaims

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