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The Latest Breaking News from Caixin Global

China Classifies Monkeypox as Class B Infectious Disease

Change allows local authorities to take measures such as lockdowns under certain conditions during outbreaks of the virus

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Reporters’ Notebook: A China-Backed All-Electric Race Series Could Steer the Global South’s Clean Energy Transition

The launch of the Elite World Cup is part of a broader plan by its founders to ignite the EV sector in South Africa and other developing nations

Caixin Global

Shanghai Composite Index Fell 0.28% on Friday

Shenzhen Component Index closed down 0.52%

Caixin Global

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Weekly Must-Read: The Slow-Burning Insurance Crisis Unfolding in the Shadows

Despite government efforts to clean up the industry and improve oversight, the economic slowdown and a new risk-focused regulatory regime are adding to the problems

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China Greenlights First Insurer’s Sales of Perpetual Bonds to Replenish Capital

The approval for Taikang Life could pave the way for other insurance firms to use the instrument to strengthen their balance sheets

Caixin Global

China and Venezuela Agree to Upgrade Official Status

President Xi Jinping and Venezuelan leader Nicolas Maduro say they will elevate their countries’ relationship to an ‘all-weather strategic partnership’

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China Disputes IPhone Ban Reports

There is no ‘law, regulation or policy document that bans the purchase and use’ of foreign-branded handsets, foreign ministry says

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Shanghai Composite Index Rose 0.11% on Thursday

Shenzhen Component Index closed down 0.57%

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Tianjin Public Transit Delays Bus Driver Salaries

Employer of 18,300 delayed wages since June, workers report, spotlighting financial strains amid years of operating losses

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Shanghai Composite Index Fell 0.45% on Wednesday

Shenzhen Component Index closed down 1.14%

Caixin Global

Shanghai Composite Index Fell 0.18% on Tuesday

Shenzhen Component Index closed down 0.08%

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Beijing District Scraps Price Limits on Pre-Owned Homes

Haidian district, known for prestigious schools, joins a parade of localities dropping price controls to bolster housing sales

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Shanghai Composite Index Rose 0.84% on Monday

Shenzhen Component Index closed up 0.98%

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Iron Futures Weaken After Regulators Issue Price Warning

Following a 20% surge in black metal futures, NDRC and CSRC call traders on the carpet and tell them to cool it

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 0.18% on Friday

Shenzhen Component Index closed down 0.38%

Caixin Global

Ex-Senior Supreme Court Official Probed in Anti-Graft Campaign

Zheng Xuelin, former head of a division at China’s top court, is suspected of ‘serious violations of discipline and law,’ a common euphemism for corruption

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Weekly Must-Read: Why China’s Efforts to Juice Stocks Typically Don’t Last

Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment

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Chinese Premier Takes Test Ride on Indonesia’s New High-Speed Railway

Visiting Jakarta for ASEAN Plus Three summit, Li Qiang steps aboard for demonstration of key Belt and Road project

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news in one place.

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Baowu Steel Forges Deal to Develop Simandou Iron Ore Mine

State-backed giant will work with a Chinese-backed consortium to develop the northern part of the Guinean mine, the world’s largest untapped deposit of high-grade iron ore

Caixin Global

Shanghai Composite Index Fell 1.13% on Thursday

Shenzhen Component Index closed down 1.84%

Caixin Global

Shanghai Composite Index Rose 0.12% on Wednesday

Shenzhen Component Index closed down 0.24%

Caixin Global

Former Top Xiamen Legislator Sentenced to Life in Prison

Chen Jiadong, who pleaded guilty to taking $13 million in bribes, becomes the 16th senior official sentenced this year in graft crackdown

Caixin Global

Senior Provincial Official Stung in Corruption Crackdown

Shang Liguang, the deputy party chief of North China’s Shanxi province and National Party Congress delegate, is suspected of graft

Caixin Global

Shanghai Composite Index Fell 0.71% on Tuesday

Shenzhen Component Index closed down 0.67%

Caixin Global

Shanghai Composite Index Rose 1.4% on Monday

Shenzhen Component Index closed up 1.41%

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