The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
China Huarong Expects to Post $4 Billion Loss for 2022
Red ink reflects restructuring amid government bailout as well as falling asset values from capital market volatility and real estate slump
Caixin Explains: Why Some Credit Suisse Bondholders Got Wiped Out and Shareholders Didn’t
Swiss authorities ranked holders of $17 billion of additional tier 1 bonds behind equity holders in an unusual reversal of payment hierarchy, which U.K. and EU quickly repudiated
In Depth: 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
Cover Story: 2008 Redux? SVB Collapse Raises Questions About Banking Oversight
Fears of a repeat of the global financial crisis spark reevaluation of the overall health of the U.S. banking system and prudence of rapid rate hikes
Related SVB Collapse Catches Chinese Tech Startups, Private Funds Off Guard
XPeng Predicts Revenue, Deliveries to Nosedive in the First Quarter
The Chinese electric-vehicle upstart forecasts a revenue drop of as much as 46% as vehicle sales slow
Price War Among China’s Automakers Threatens Profitability, Analysts Say
A spate of promotional offers by manufactures to sell vehicles has been spurred by policy changes
Construction Restarts at Chinese-Backed Simandou Iron Ore Mine
Work on the West African mine, said to hold the world’s largest untapped deposit of high-grade iron ore, resumed after Guinean officials were finally able to get shareholders to move forward
Analysis: Why China’s 2023 Fiscal Policy May Be Less Expansionary Than It Seems
A higher budget deficit-to-GDP ratio belies underlying slowdown in spending growth, although analysts say the government may get more bang for its buck
Beijing Welcomes Ex-Taiwan Leader’s Visit to the Mainland
Ma Ying-jeou, the island’s leader from 2008 to 2016, will take a group of students on a tour of several cities from March 27 to April 7
Fugitive Billionaire Guo Wengui Arrested in New York
U.S. prosecutors charged the onetime Chinese real estate magnate and an alleged accomplice with a total of 12 criminal counts, including leading a conspiracy to defraud his online followers out of more than $1 billion
Xi, Putin Call for ‘Responsible Dialogue’ to End Ukraine Crisis
Russia also said a position paper on the crisis issued by China last month could ‘be taken as the basis’ to settle the conflict that began more than a year ago
China Exports Outlook Brightens as Goods Shipments Beat Expectations
In January and February combined, shipments fell 6.8% year-on-year in dollar terms, trumping forecasts of a 9% contraction, and narrowed 3.1 percentage points compared with December’s decline
The Chinese Scholars Taking On Fraud in Academic Journals
In a fight to preserve research integrity, Yang Liying and her team have been publishing an annual list of problematic publications to sound the alarm about misconduct
Chinese Marathoners Outrun Record
Credit Suisse Collapse Burns Saudi Investors
Some of kingdom’s officials harbored doubts about a $1.5 billion investment in bank before crown prince signed off
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