The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
Exclusive: Hong Kong Set to Ditch State Street as Manager of Tracker ETF
Hang Seng Bank’s investment management arm will take over running the fund, sources say
In Depth: Chinese Stocks’ Wild Ride
As the war in Ukraine has fueled market volatility and measures to contain Covid-19 outbreaks across China have disrupted the economy, investors remain on edge
The Rise of the China-Focused Private Equity Giant Hillhouse
From its founding with money from Yale, the company has grown to manage tens of billions of dollars of assets
China’s Covid Response Calibration
As omicron variants spur China’s worst flare-ups since 2020, policymakers move to tweak the largely successful Zero-Covid strategy
Evergrande Unit Discovers $2.1 Billion in Cash Was Seized by Banks
Property services group investigates how banks came to seize the funds after learning of it while preparing the annual financial report
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Sunac China Seeks Two-Year Extension on $627.85 Million Bond
DJI Tells Ukraine It Can’t Disable Drones Used by Russian Military
Kyiv has publicly asked the Chinese company to lend a hand in grounding the devices, saying they ‘are helping Russia to kill Ukrainians’
In Depth: The Growing Difficulty of Balancing China’s Local Government Budgets
Rosy revenue numbers in 2021 belie glaring problems on the ground and a gloomy outlook for 2022 could add to fiscal pressure
The Crucial Test of Maximum Virus Containment and Minimum Disruption
It’s time for China’s Covid policies to evolve, become more scientific and targeted, and let people get on with their lives, Harvest Capital chairman argues
Caixin Explains: What We Know So Far About the Crash of Flight MU5735
CAAC probes why a China Eastern plane with 132 on board fell out of the sky with no ready explanation, leaving a cloud of smoke and a field of debris
Analysis: Local Authorities’ Blind Spots Highlight China’s Delicate Covid Balancing Act
As authorities across China come under pressure to wipe out Covid-19 in their area, individual rights are being trampled, from the daily commute to medical emergencies
Five Chinese Drugmakers Sign Up to Export Generic Paxlovid
UN-backed group designates Desano, Huahai, Apeloa, Fosun and Jiuzhou among 35 companies to make low-cost versions of Pfizer’s Covid pill for poorer countries
Why Land Sales Are Crucial for Local Government Coffers
GDP-based performance assessments gave local officials an incentive to pursue growth by any means necessary, and income from the real estate sector came in handy
Gallery: Plane Wreckage Found Scattered in Guangxi Hills
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