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The Latest Breaking News from Caixin Global

Chinese Computer Maker Says Its Chip was Made With ‘Support’ From Intel

Powerleader Computer System came under fire after industry experts revealed its new processor unit was seemingly identical to a product made by the U.S. giant

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Another China Development Bank Ex-Official Comes Under Probe

Graft busters focus on Mao Juncai, former president of top policy lender’s Shanghai branch, adding to a long list of scandals

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Shanghai Composite Index Rose 0.79% on Friday

Shenzhen Component Index closed up 1.5%

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Weekly Must-Read: China’s Proposed New Curbs on Private Securities Funds Spark Controversy

Draft rules tightening control of fundraising, investment and management have triggered concerns they will constrain securities funds’ freedom to execute their investment strategies

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China Southern Plans $2.47 Billion Share Placement

Airline plans to use most of the funds to pay for 50 new Airbus planes, part of a mega fleet expansion announced last July by three biggest state-owned carriers

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Shanghai Composite Index Ended Nearly Flat on Thursday

Shenzhen Component Index closed up 0.39%

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Southern China Faces Tight Power Supply Amid Hot Weather

Demand in Guangdong surges just as supply from Yunnan hydropower plants dries up following low precipitation

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China Moves Forward With Plan for Shanghai International Reinsurance Market

Financial regulatory agency issues detailed implementation rules for reinsurance exchange to be built in Lingang New Area

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Meeting Musk, Chinese Foreign Minister Stresses Benefits of ‘Healthy’ U.S. Relations

Qin Gang told the Tesla CEO on Tuesday that China is committed to providing a market-oriented and law-based business environment for foreign enterprises

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Shanghai Composite Index Fell 0.61% on Wednesday

Shenzhen Component Index closed down 0.7%

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Xi Calls China’s National Security Situation Complex and Grave

Chinese president tells national security commission that threats have increased and China should accelerate modernization of its systems and capabilities

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Top Stories of the Month: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb

Local governments’ invisible debt could be as high as almost $10 trillion, double Japan’s GDP, posing a risk of destabilizing the banking and financial sector

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Morgan Stanley Gets Nod to Open China Futures Business

The unit will be the second wholly foreign-owned company operating in a market that generated a turnover of $80 trillion last year

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Former Senior Provincial Legislator Ensnared in Graft Probe

Ex-deputy director of Northwest China’s Shaanxi province Li Jinzhu has been placed under investigation by the country’s top graft watchdog

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Shanghai Composite Index Rose 0.09% on Tuesday

Shenzhen Component Index closed up 0.44%

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Hong Kong Lawmaker Regina Ip Calls for Public Not to Overreact to Cathay Pacific Incident

Chinese people from mainland and Hong Kong ‘should understand and tolerate each other,’ Executive Council Convenor Regina Ip says in social media post

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Fallen Tomorrow Holding’s Trust Firm Declared Bankrupt

A court in Southwest China ruled that New China Trust’s assets weren’t able to cover all of its liabilities

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China Rolls Out Its First Four-Valent Covid Vaccine as Infections Spike

The Sinocelltech-developed jab against the alpha, beta, delta and omicron variants is being offered in Beijing and several other cities

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China Plans First Crewed Moon Landing by 2030

The country also aims to master short-term habitation and human-machine exploration on the lunar surface by the same date, China Manned Space Engineering Office says

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Shanghai Composite Index Rose 0.28% on Monday

Shenzhen Component Index closed down 0.8%

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China Battery Maker CALB Rescinds Job Offers to Hundreds of Fresh Graduates, Sources Say

The move comes amid belt tightening due to shifting market demand in the electric vehicle market

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China to Ease Requirements for Small-Scale Wind Power

Projects will be able to skip lengthy approval process as authorities substitute a simpler registration system to spur renewable energy

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China, U.S. Commerce Chiefs Hold ‘Constructive’ Talks on Trade Amid Growing Tensions

Wang Wentao expressed concerns about U.S. semiconductor policy and export controls, while his American counterpart Gina Raimondo flagged China’s recent actions against U.S. companies operating in the country

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Beijing Dismisses Western Intelligence Allegations of Chinese Hacking

Foreign ministry calls the report, released by Microsoft and members of the U.S.-led Five Eyes intelligence alliance, ‘extremely unprofessional’ and part of a ‘collective disinformation campaign’

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Shanghai Composite Index Rose 0.35% on Friday

Shenzhen Component Index closed up 0.12%

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