The Latest Breaking News from Caixin

A handful of major bank branches in Beijing have said that they will lower upper limit on interest rates for some fixed deposits by around 10 basis points, Caixin has learned

Volunteers and low-level government workers in Shanghai have erected metal barriers in multiple districts to block off small streets and entrances to apartment complexes, as China hardens its strict “zero-COVID” approach in the metropolis

How the city’s Covid flare-up is throwing a wrench into the gears of China’s business engine as 25 million residents struggle to meet basic needs

Ping An Annuity Insurance is seeking $1.6 billion from its parent, as it aims to further develop a business central to China’s plans to change how people save for retirement

Preparations after three weeks of Covid lockdowns focus on ensuring personnel and supply chains with virus-control measures

International arrivals will face 10 days of isolation instead of 14 in four-week test involving Shanghai, Guangzhou and six other cities

China is trying out reduced quarantine times for overseas arrivals and close contacts of positive cases in eight cities, in a potential easing of some of the world's most stringent pandemic entry controls, financial media outlet Caixin reported.

China's commercial capital, Shanghai, warned on Wednesday that anyone who violates COVID-19 lockdown rules will be dealt with strictly, while also rallying citizens to defend their city as its tally of new cases rebounded to more than 25,000.

Key Takeaways: BeiGene has switched auditors for its New York listing to a U.S. company from a Chinese one in a move to comply with U.S. law The change could reduce the company’s threat of being forcibly delisted from the Nasdaq By Doug Young

Head of securities regulatory body says channel of overseas listings will be kept ‘unclogged’ after Chinese companies shelved foreign listings, raising the ire of investors

Credit demand has been declining while the rapid recovery from Covid-19 has begun to stutter