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The Latest Breaking News from Caixin Global

China’s Spring Canton Fair Resumes In-Person Expo

Tens of thousands of buyers from 203 countries sign up for resumption of Guangzhou trading event after three years of pandemic restrictions

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Meituan’s Billionaire Co-Founder Trims Li Auto Stake in $53 Million Sale

Wang Xing offloaded about $53.3 million worth of shares in the Chinese EV-maker last month, but remains its biggest external shareholder

Caixin Global

Shanghai Composite Index Rose 0.49% on Tuesday

Shenzhen Component Index closed down 0.25%

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Yangzijiang Shipbuilding Buys Singapore Office Tower for $300 Million

China’s largest private shipbuilder sees all-cash investment as an inflation hedge as Vietnam’s Van Thinh Phat Holdings sells at a loss amid allegations of bond fraud

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Citic Unit to Acquire Controlling Stake in Steelmaker From Debt-Strapped Fosun

After a last-minute bid, a firm owned by the state-owned heavyweight will pay about $2 billion for the 60% stake in Nanjing Nangang Iron & Steel United

Caixin Global

Fisher: The Market Torpedoes That Could Sink Chinese Shares

Geopolitics, cryptocurrency and a slowdown in bank lending are less talked-out risks that could put a dent in the domestic stock market

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Hong Hao: Caixin China Manufacturing PMI Doesn’t Actually Disappoint

It doesn’t make much sense to compare the gauge to China’s official indexes as it is more focused on the export sector and small and midsize enterprises

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Editorial: To Ease Anxiety in the Private Sector, Follow the Rule of Law

A government document sparking controversy over whether businesses and executives are getting special treatment highlights a perception of arbitrariness in the judicial system that needs to be set right

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Caixin China New Economy Index Shrinks on Decline in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech dropped 1.2 points to 28.3 in March

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Shanghai Composite Index Rose 0.72% on Monday

Shenzhen Component Index closed up 1.39%

Caixin Global

Former Beijing Auto Group Chairman Probed by Capital’s Graft Buster

Xu Heyi retired from the top job about three years ago and no details were given in the statement from the Beijing Commission for Discipline Inspection

Caixin Global

China Updates Rules on Securities Firms to Highlight Risk Control

Proposal would update regulations in line with China’s new Securities Law, which took effect in March 2020

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Brazil Joins China’s Drive to Boost Yuan’s Global Use

Banco Bocom BBM becomes first lender in South America to join China’s yuan cross-border payments system CIPS, weeks after ICBC’s Brazilian branch was appointed the country’s yuan clearing bank

Caixin Global

Bank of China Ex-Chairman Investigated for Alleged Corruption

Liu Liange was removed as BOC’s Communist Party chief in February and relinquished his position of chairman earlier this month

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Beijing’s Ex-Health Chief Pleads Guilty to $1.5 Million Graft

Yu Luming accepted money and valuables for abusing his power in various former roles in the capital to help others obtain land use rights and hospital project contracts

Caixin Global

Shanghai Composite Index Rose 0.36% on Friday

Shenzhen Component Index closed up 0.64%

Caixin Global

Opinion: Significance of Jack Ma’s Reappearance Should Not be Underestimated

Alibaba co-founder’s well-publicized visit to a local school signals a shift in China’s treatment of big tech

Caixin Global

Weekly Must-Read: Alibaba Splits Into Six Business Units in Biggest Overhaul

The $220 billion e-commerce colossus will become a holding company and grant management and financing independence to the new enterprises

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Caixin Global

Fosun International Profit Plunges 95% in 2022

Market turmoil and Covid outbreaks almost wipe out earnings for a conglomerate also mired in a debt crisis

Caixin Global

As the U.S., Canada and the EU torque up pressure and restrictions, ByteDance fights to avoid a government-forced spinoff of its gold mine

Caixin Global

China’s Short-Video App Users Top 1 Billion

The number makes up more than 70% of the total population and 95% of all internet users in the country

Caixin Global

China Chalks Up Fresh Win for Yuan Internationalization With LNG Trade

State-owned China National Offshore Oil completes purchase of more than 60,000 tons of liquefied natural gas from French giant TotalEnergies

Caixin Global

Beijing Reaffirms Taiwan Could Adopt Own Social System After Reunification

The central government would ‘fully respect’ the lifestyle of the island’s people, spokesperson says

Caixin Global

China’s Latest Move to Become Global AI Hub Focuses on Science Research

The government aims to drive artificial intelligence research in areas such as drug development, genetic research and biological breeding

Caixin Global

Shanghai Composite Index Rose 0.65% on Thursday

Shenzhen Component Index closed up 0.62%

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