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The Latest Breaking News from 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%

Caixin Global

In Depth: New Business Comes With Old Risks for China’s Struggling Tutoring Industry

Sales of ‘learning tablets’ helped keep companies going after the crackdown on for-profit education, but looming regulation and growing competition show the shift is no cure-all

Caixin Global

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Allianz Seeks Bigger Foothold in China’s $3.9 Trillion Mutual Fund Market

The German financial giant has applied with the CSRC to set up a wholly owned fund manager

Caixin Global

Bond Market Tumult Ravages Two Chinese Financial Majors’ Hong Kong Units

Bocom International and Guotai Junan International both report taking hits to their bottom lines for 2022

Caixin Global

Crypto Mining Platform Bitdeer Moves Step Closer to Nasdaq SPAC Listing

The deal, already delayed three times, would give the company an implied equity value of around $1.18 billion

Caixin Global

Shanghai Composite Index Fell 0.16% on Wednesday

Shenzhen Component Index closed up 0.13%

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GAC Aion Pulls the Plug on Smart Car Collaboration With Huawei

Automaker’s EV unit will develop its own smart car system as Huawei doubles down on a competing business model for automotive partnerships

Caixin Global

Exclusive: Former Exim Bank Executive Pleads Guilty to Taking Bribes

Li Li, known as the ‘godmother’ of China’s shipping industry, has been charged by prosecutors with accepting almost $14.5 million in ill-gotten gains, sources tell Caixin

Caixin Global

Premier Reassures That China Remains Committed to Opening Markets

Li Qiang says the country is striving to create a ‘first-class business environment’ for foreign investors

Caixin Global

China’s Cyberspace Watchdog Takes Aim at Slander Against Businesses

The authority looks to curb the malicious spreading of false information to create a better environment for private companies and entrepreneurs

Caixin Global

Shanghai Composite Index Fell 0.19% on Tuesday

Shenzhen Component Index closed down 0.72%

Caixin Global

Editorial: Lessons From the Collapse of Silicon Valley Bank

By taking every crisis suffered by others seriously, we can minimize our own crises

Caixin Global

Japanese Citizen Accused of Spying in China

The suspect has been subject to ‘criminal compulsory measures,’ Ministry of Foreign Affairs confirms amid reports a Japanese company employee was detained

Caixin Global

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Caixin Global

Japanese Citizen Accused of Spying in China

The suspect has been subject to ‘criminal compulsory measures,’ Ministry of Foreign Affairs confirms amid reports a Japanese company employee was detained

Caixin Global

China Extends Tax and Fee Cuts for Some Businesses

The extensions are expected to reduce the amount of taxes and fees levied on businesses by more than $70 billion a year while they remain in effect

Caixin Global

Former Brazilian Leader Elected President of Multilateral Bank NDB

Dilma Rousseff will helm the Shanghai-headquartered New Development Bank, which was set up to finance projects in emerging markets and developing countries

Caixin Global

Shanghai Composite Index Fell 0.44% on Monday

Shenzhen Component Index closed up 0.12%

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news in one place.

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Caixin Global

Macao-Based Blockchain Asset Exchange Starts Trial Operation

Micro Connect is aimed at helping China’s micro and small businesses raise funds from global investors

Caixin Global

Macao-Based Blockchain Asset Exchange Starts Trial Operation

Micro Connect is aimed at helping China’s micro and small businesses raise funds from global investors

Caixin Global

Hong Kong Sweetens the Lure for Family Offices

The city says it’s exempting some wealth management firms favored by the super rich from licensing requirements as it seeks to draw more to set up shop

Caixin Global

Two More China Soccer Officials Caught in Corruption Probe

Huang Song and Wang Xiaoping of the Chinese Football Association are being investigated as part of a broad effort to stamp out graft in the sport on the mainland

Caixin Global

Shanghai Composite Index Fell 0.64% on Friday

Shenzhen Component Index closed up 0.25%

Caixin Global

Weekly Must-Read: Why China’s Bond Traders Got Cut Off From the Data They Needed

Financial regulators stood at the center of last week’s tumultuous suspension of services that provide crucial price information to traders

Caixin Global

China Issues Final Rules for Overhaul of $3 Trillion Trust Industry

Regulations aimed at wringing out risk and imposing tougher oversight on a troubled industry take effect June 1

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