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The Latest Breaking News from Caixin Global

U.S. Eases Export Restrictions on 27 Chinese Entities

The Commerce Department says end-use checks had been successfully conducted, ahead of Secretary Gina Raimondo’s visit to China later this month

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Shanghai Composite Index Rose 0.88% on Tuesday

Shenzhen Component Index closed up 0.53%

Caixin Global

Shanghai Composite Index Fell 1.24% on Monday

Shenzhen Component Index closed down 1.32%

Caixin Global

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Guangzhou Mulls Housing Vouchers to Revive Home Market

Families affected by urban renovation projects would get transferable vouchers they could use to buy new housing

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Shanghai Composite Index Fell 1.0% on Friday

Shenzhen Component Index closed down 1.75%

Caixin Global

Weekly Must-Read: How Zhongzhi Became the Latest Chinese Financial Holding Group to Fall

For years, the conglomerate held a reputation as one of the premier private financial holding groups in China, but its problems escalated quickly after the sudden death of its founder, Xie Zhikun, in late 2021

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DJI Unveils First Cargo Delivery Drone in New Business Push

World’s biggest consumer drone maker unveils FlyCart 30, capable of transporting 30 kilos of goods 16 kilometers

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Two Chery Auto Models Will Be First Outfitted With Revamped CATL Battery

Contemporary Amperex Technology’s mixed battery pack will be used in the Chinese carmaker’s Sterra ES and Zhijie S7 sedans

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Shanghai Composite Index Rose 0.43% on Thursday

Shenzhen Component Index closed up 0.61%

Caixin Global

Shanghai Composite Index Fell 0.82% on Wednesday

Shenzhen Component Index closed down 0.94%

Caixin Global

Property Investment Slid Further in July Amid Weakening Market

Real estate shows no sign of rebound as sales fall again, extending the industry’s protracted contraction

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Shanghai Composite Index Fell 0.07% on Tuesday

Shenzhen Component Index closed down 0.7%

Caixin Global

Third-Party Payment Industry Consolidates as Prepaid Card Issuers Exit

Prepaid card issuers suffer as business contracts; some exit as PBOC revokes licenses for failing to meet industry requirements, others drop out

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Shanghai Composite Index Fell 0.34% on Monday

Shenzhen Component Index closed down 0.5%

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Mudslide in Northwest China Kills 21

Six remain missing after heavy rains and flash flooding hit the city of Xi’an in Shaanxi province Friday

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Chinese Automakers Motor Into Indonesia for New Growth

Great Wall Motor and Hozon Auto make debuts at Indonesia International Motor Show this week and push to set up local factories

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Shanghai Composite Index Fell 2.01% on Friday

Shenzhen Component Index closed down 2.18%

Caixin Global

Another Chinese Chip Design Venture Is Shutting Down

Geely Holding’s Xingji Meizu Group decides to terminate the business due to uncertainties in the global economy

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Seven Die as Water Surges in Southwest China River

The deceased women were swept away in the Longxi River in Ya’an, Sichuan province, in an incident that may be linked to a discharge from an upstream reservoir

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Shanghai Composite Index Rose 0.31% on Thursday

Shenzhen Component Index closed up 0.1%

Caixin Global

Yuan Transactions Hit Record in Russia

The Chinese currency was on one side of 44% of forex trades on the Russian exchange-traded market last month, up from 39.8% in June

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Beijing Floods’ Death Toll Rises to 33

Eighteen people remain missing after the Chinese capital was hit by the heaviest rainfall in 140 years

Caixin Global

Shanghai Composite Index Fell 0.49% on Wednesday

Shenzhen Component Index closed down 0.53%

Caixin Global

Shanghai Composite Index Fell 0.25% on Tuesday

Shenzhen Component Index closed down 0.42%

Caixin Global

China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

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