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The Latest Breaking News from Caixin Global

Beijing Government Pledges Support for Homegrown Answer to ChatGPT

In a white paper released Monday, authorities highlighted the Chinese capital’s leading role in the country’s AI research, promising support for local tech firms in the sector

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Shanghai Composite Index Rose 0.28% on Tuesday

Shenzhen Component Index closed down 0.15%

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China Vanke Mulls $2.2 Billion Share Placement to Replenish Capital

Property development giant proposes the industry’s biggest equity fundraising plan since regulators lifted curbs on share sales

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Editorial: China’s IPO Reform: Many a Little Makes a Mickle

The long road to registration-based system shows the value of perseverance in tackling complex problems

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China Current Account Surplus Hits 14-Year High

Upticks in goods exports pushed the surplus up 32% to $417.5 billion last year

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Warburg Pincus Wants a Bigger Foothold in China’s Trillion-Dollar Mutual Fund Industry

The U.S. private equity firm is planning to take a stake in Shanghai-based fund manager Lombarda China

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Shanghai Composite Index Rose 0.72% on Monday

Shenzhen Component Index closed up 1.14%

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South Korea Ends Visa Suspension Early for Travelers From China

Drop in China Covid cases ends 40-day suspension of short-term visas that was supposed to last until end of the month

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Developer Seazen Loses Contact With Co-President Qu Dejun

Executive who hasn’t been seen in public since Jan. 16 is said to be cooperating with authorities probing matters related to his career at Wanda Group

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MSCI Adds 17 and Drops 13 China Stocks From Two Indexes

Haichang Ocean Park falls 10% in Hong Kong on news it will fall out; additions include Hainan Airlines, Hainan Airport and Offcn Education Tech

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Beijing Rejects U.S. Phone Call to Thrash Out Balloon Spat

China rebuffed the proposal, saying Washington ‘seriously violated international practices’ by shooting down an unmanned Chinese airship that strayed into American airspace

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Shanghai Composite Index Fell 0.3% on Friday

Shenzhen Component Index closed down 0.59%

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Weekly Must-Read: Seven Things to Know About China’s Latest IPO System Overhaul

After testing the registration-based mechanism in China’s three smaller markets, regulators are now planning to roll it out to the two main boards

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China Offers More Flexible Visas for Professionals in the Greater Bay Area

Under new system starting Feb. 20, those who qualify can stay four times as long on multiple visits to Hong Kong and Macao

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Shanghai Composite Index Rose 1.18% on Thursday

Shenzhen Component Index closed up 1.64%

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Yum China Profit Slumps 90% in Fourth Quarter on Covid Disruptions

Operator of KFC and Pizza Hut reports January rebound and sees a stronger 2023 as it plans to add more than 1,100 new outlets

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China Outlines Responsibilities for Developing Hengqin Guangdong-Macao Zone

Guidelines aim to clear up roles of agencies involved in a corner of the massive Greater Bay Area project

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China to Send $6 Million in Emergency Aid to Quake-Hit Turkey

The 7.8 magnitude earthquake struck Monday near the country’s southern border with Syria, killing at least 7,000 people

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Beijing Tells Taipei That Mainland Is Ready to Resume Cross-Strait Flights

The Chinese mainland has contained its Covid outbreak, and Taiwan should stop using the pandemic as an excuse to delay the resumption, official says

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Shanghai Composite Index Fell 0.49% on Wednesday

Shenzhen Component Index closed down 0.62%

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China Speeds Up Approval of Wholly Foreign-Owned Fund Managers

With Morgan Stanley and JPMorgan rulings, authorities have cleared four such ventures already this year compared with just one last year

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China Stock Exchanges Appoint IPO Review Committees to Clean Up Listings

Nation’s two largest bourses Shanghai and Shenzhen each name 30 people including CSRC officials as ‘gatekeepers’ of new issues and M&A

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Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

Former banking official Qin Huizhong has been accused of taking bribes and maintaining ‘improper sexual relationships’

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Shanghai Composite Index Rose 0.29% on Tuesday

Shenzhen Component Index closed up 0.12%

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China Says Another Balloon Has Strayed Into Foreign Skies

The unmanned airship deviated far from its planned route and unintentionally flew over parts of Latin America and the Caribbean, foreign ministry spokesperson says

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