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The Latest Breaking News from Caixin Global

China’s Summer Travel Forecast to Surpass Pre-Covid Levels

The volume of trips made via train and air is expected to top 2019 numbers, according to official estimates, in a positive sign for China’s domestic consumption recovery

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Iran Becomes Full Member of Shanghai Cooperation Organization

The Middle Eastern country is the ninth member of the economic and security bloc

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Shanghai Composite Index Fell 0.69% on Wednesday

Shenzhen Component Index closed down 0.91%

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China’s WeRide Cleared for Nationwide Road Test in UAE

Autonomous vehicle startup wins first nationwide clearance to test self-driving autos in the Middle Eastern nation

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U.S. Treasury Secretary to Visit Beijing

Janet Yellen will arrive for a four-day trip on Thursday, less than three weeks after Washington’s top diplomat Antony Blinken visited in June

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Chinese Lidar Developer RoboSense Sets Hong Kong IPO in Motion

BYD-backed firm is the latest in a spurt of mainland-based auto tech startups to file for listings in the financial hub

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Editorial: How to Lessen the Impact of Systemic Uncertainty on Entrepreneurs

Addressing the concerns of businesspeople would help inject more certainty into an environment in need of the innovation and risk-taking they provide

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Shanghai Composite Index Rose 1.31% on Monday

Shenzhen Component Index closed up 0.59%

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JPMorgan Asset Management (China) Names New Head

Desiree Wang, a finance industry veteran with more than 23 years of experience, joined JPMAM in 2008 after stints at BlackRock and ICBC

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Citic Guoan Wins Contract to Develop Bolivian Lithium Deposits

Chinese state-linked conglomerate will work with the South American country in the mining, refining, processing and sale of the key battery material

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Top City Legislator Pleads Guilty to Taking 94 Million Yuan in Bribes

Prosecutors found that Chen Jiadong, former director of the Standing Committee of the People’s Congress of Xiamen, also committed crimes that altogether cost the state more than 190 million yuan

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Shanghai Composite Index Rose 0.62% on Friday

Shenzhen Component Index closed up 1.02%

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Weekly Must-Read: China Joins Effort to Avert Sovereign Debt Crisis

Nation fills new role as top creditor to poor countries rattled by the worst debt crisis since the 1980s

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Top Stories of the Month: China Grapples With Hangover From Consumer Lending Boom

The banking regulator has expanded a pilot program for disposal of nonperforming personal loans, allowing hundreds of financial institutions to offload their bad debt

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Former Guangdong Police Chief Expelled From Party for Bribery

Li Chunsheng’s wrongdoings include trading influence for sex, illegally interfering in judicial and law enforcement cases, and meddling in capital market activities, top graft buster says

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Shanghai Composite Index Fell 0.22% on Thursday

Shenzhen Component Index closed down 0.1%

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Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed down 0.47%

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Shanghai Composite Index Rose 1.23% on Tuesday

Shenzhen Component Index closed up 0.97%

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news in one place.

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CEO of JD Logistics Steps Down for ‘Health Reasons’

Yu Yui, a JD.com veteran of 15 years, handed his roles over to Hu Wei on Monday, the company says

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China Says It Supports National Stability in Russia After Wagner ‘Incident’

Foreign ministry spokesperson said late Sunday that the uprising is the country’s ‘internal affair’

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Shanghai Composite Index Fell 1.48% on Monday

Shenzhen Component Index closed down 1.68%

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Inner Mongolia Mine Collapse Claimed 53 Lives, Official Report Suggests

The region recorded only one ‘extraordinarily serious accident’ in the first five months of the year, resulting in 53 deaths, local authorities say without naming the incident

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Chinese Premier and German Chancellor Agree on Supply Chain Stability

Li Qiang and Olaf Scholz will expand cooperation on trade, investment, auto manufacturing, advanced technology, new energy and the digital economy, a foreign ministry statement said

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Watchdog Slams Rampant Graft at China Development Bank

CCDI says it held a special conference with the lender’s Communist Party committee to discuss party governance and analyze what went wrong at the bank

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Nio Wins $1.1 Billion Investment From Abu Dhabi-Backed Fund

Under the deal, CYVN Holdings will pay $738.5 million in cash for about 84.7 million new shares

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