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The Latest Breaking News from Caixin Global

New Leader Takes Over as Chief of Staff of China’s Military Command

Liu Zhenli attends meeting as head of the Joint Staff Department of the Central Military Commission, state media reports

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Wang Tao: Takeaways From China’s Government Work Report

UBS has upgraded its GDP growth forecast for the country to 5.4% for 2023 and 5.2% for 2024

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Shanghai Composite Index Fell 0.06% on Wednesday

Shenzhen Component Index closed down 0.09%

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China’s Auto Exports Surge 43.2% in First Two Months

New-energy vehicles lead a $13.91 billion charge as BYD, SAIC and Nio step up efforts in foreign markets, notably Western Europe and Southeast Asia

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China Plans to Create Vast New Financial Regulator

The new body will absorb the CBIRC and oversee all parts of the financial industry other than securities, State Council proposal says

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Sequoia China Affiliate SCEP Applies for QFII Status

The unit seeks to access the mainland via Beijing’s Qualified Foreign Institutional Investor program

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Shanghai Composite Index Fell 1.11% on Tuesday

Shenzhen Component Index closed down 1.98%

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PBOC to Keep Yuan Steady Against the Dollar, Yi Gang Says

The central bank chief promises to maintain a market-driven approach following the currency’s increasingly wide swings in recent years

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Editorial: To Boost Confidence, Actions Speak Louder Than Words

Strong implementation of reform policies is pivotal to restoring the private sector’s confidence and stabilizing its expectations

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China Green Bulletin: Chinese Lithium Firms Have Bolivia in the Crosshairs

The South American country has the world’s largest reserves of the key EV battery raw material, but political and practical obstacles have prevented the nation from becoming a significant global supplier

Caixin Global

Shanghai Composite Index Fell 0.19% on Monday

Shenzhen Component Index closed down 0.08%

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Singapore Jacks Up the Price of Permanent Residency

Investors will have to pony up three to 10 times as much after March 15 under revisions to 19-year-old program that brought in billions of dollars and created thousands of jobs

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Luckin Coffee Turns First Annual Profit

The Starbucks challenger reported an operating profit of 1.16 billion yuan for 2022, coming off a loss of 539 million yuan the previous year

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Luckin Coffee Turns First Annual Profit

The Starbucks challenger reported an operating profit of 1.16 billion yuan for 2022, coming off a loss of 539 million yuan the previous year

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Caixin China New Economy Index Expands on Surge in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech rose 1.2 points to 29.5 in February

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NPC Preview: Supporting Growth as the Top Priority

We expect the meeting to set the GDP growth target at ‘around 5%’ with supportive macro policies, including a higher headline fiscal deficit, small increase of new special local government bond quota and more property policy easing, the bank’s chief China economist Wang Tao says

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Shanghai Composite Index Rose 0.54% on Friday

Shenzhen Component Index finished nearly flat

Caixin Global

Weekly Must-Read: Why China’s Lithium Firms Have Their Sights Set on Bolivia

The South American country has the world’s largest reserves of the key EV battery raw material, but political and practical obstacles have prevented it from becoming a significant global supplier

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news in one place.

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Caixin Global

Henan Moves to Consolidate Struggling Steel Sector

Central China province folds Anyang Iron & Steel into newly formed Henan Steel Group and begins rationalization of fractured industry

Caixin Global

Shanghai Composite Index Fell 0.05% on Thursday

Shenzhen Component Index closed down 0.54%

Caixin Global

Huawei Spinoff Honor Takes on Apple in Europe

Chinese smartphone giant gears up to compete in the premium segment with its Magic5 series of devices

Caixin Global

China’s Richest Woman Takes Father’s Seat at Head of Country Garden’s Board

Yang Huiyan has been appointed chairperson of one of China’s largest property developers, succeeding the company’s retiring founder, Yeung Kwok Keung

Caixin Global

Shanghai Composite Index Rose 1.0% on Wednesday

Shenzhen Component Index closed up 1.11%

Caixin Global

China Eases Requirement of Negative Preflight Covid Tests for Some Countries

Travelers from nations including New Zealand, South Africa, Malaysia and Cambodia will still have to show a negative rapid antigen test result

Caixin Global

U.S. Approved 70% of China-Related Export License Applications in 2022

Agencies processed 40,000 requests with the goal of preventing advanced technology from falling into the hands of the Chinese military, according to the Department of Commerce

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