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The Latest Breaking News from Caixin Global

Shanghai State Media Veteran Tried for Accepting Millions in Bribes

Cheng Feng, former deputy manager of Shanghai United Media Group, stands accused of taking $5.4 million in exchange for assistance with garnering investment funding and winning project bids

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Shanghai Composite Index Rose 0.43% on Thursday

Shenzhen Component Index closed up 1.0%

Caixin Global

BYD to Debut in Indonesian Car Market

The Chinese EV-maker, which already sells vehicles in more than 70 countries, has been trying to further expand its global footprint with exports surging 334.2% last year

Caixin Global

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China Willing to Import More ‘Marketable’ EU Products, Premier Says

The gesture is part of an effort to establish a more balanced trade relationship with the bloc, Li Qiang says

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Shanghai Composite Index Fell 2.09% on Wednesday

Shenzhen Component Index closed down 2.58%

Caixin Global

Shanghai Composite Index Rose 0.27% on Tuesday

Shenzhen Component Index closed up 0.31%

Caixin Global

Tencent-ByteDance Ceasefire Holds With Honor of Kings Deal

The agreement will allow the popular battle arena game to be streamed on Douyin in the wake of a longrunning tussle over copyrights

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Beijing ‘Welcomes’ Nauru Decision to Cut Diplomatic Ties With Taiwan

The Pacific Island nation is seeking to reestablish official relations with Beijing, switching diplomatic recognition from Taipei following the recent election

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Shanghai Composite Index Rose 0.15% on Monday

Shenzhen Component Index closed down 0.36%

Caixin Global

China Names New Climate Envoy

Liu Zhenmin, a career diplomat, is replacing special envoy Xie Zhenhua, who is stepping down ‘due to health reasons’

Caixin Global

China Premier to Speak at 2024 World Economic Forum

Li Qiang is scheduled to visit Europe next week to deliver a special address at the event in Davos, and pay official visits to host Switzerland and Ireland

Caixin Global

Shanghai Composite Index Fell 0.16% on Friday

Shenzhen Component Index closed down 0.64%

Caixin Global

Citadel Securities Bids for Credit Suisse’s China Venture

UBS’sale will face delay as Credit Suisse’s joint-venture buyout is still awaiting approval by Chinese regulators

Caixin Global

China Province Reveals Head of New Public Complaints Department

Inner Mongolia has named Wu Zhiqiang as chief of its Social Work Department, which is tasked with overseeing the handling of feedback from the public

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.31% on Thursday

Shenzhen Component Index closed up 1.47%

Caixin Global

China’s Economy Expands at 5.3% in 2023, Caixin Survey Shows

Chinese economy is showing signs of stabilizing after its bumpy ride following the lifting of Covid restrictions and a property slump, say economists

Caixin Global

Iflytek to Spin Off Loss-Making Health Care Arm

The Chinese AI developer is looking to float its medical device and diagnosis business Xunfei Healthcare Technology in Hong Kong

Caixin Global

Shanghai Composite Index Fell 0.54% on Wednesday

Shenzhen Component Index closed down 0.55%

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news in one place.

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Caixin Global

PBOC Added $70 Billion Cheap Credit in 2023 to Fund Housing, Infrastructure

Relaunch of the PSL program suggests Beijing is relying on the policy banks to left China out of deepening property crisis

Caixin Global

Shanghai Composite Index Rose 0.2% on Tuesday

Shenzhen Component Index closed up 0.27%

Caixin Global

Rentals in Biggest Chinese Cities Drop Further as Supply Increases

Cooldown of rental market continues as more young job seekers leave expensive big cities for smaller, cheaper conurbations

Caixin Global

CATL Secures Three-Year Supply Deal With Dongfeng Motor Unit

The Chinese battery-maker will provide power cells for M Hero’s electric SUV, which will be embossed with ‘CATL Inside’

Caixin Global

Evergrande’s Electric-Car Unit Plunges After Vice Chairman Detained

China Evergrande New Energy Vehicle’s shares fall as much as 23% on news Liu Yongzhuo was suspected of committing crimes

Caixin Global

Shanghai Composite Index Fell 1.42% on Monday

Shenzhen Component Index closed down 1.85%

Caixin Global

China Urges Banks to Provide More Support for Construction of Rental Properties

Central bank and the National Financial Regulatory Administration made the call with the aim of increasing supply of commercial and affordable rentals

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