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The Latest Breaking News from Caixin Global

China’s External Financial Assets Top $11 Trillion for First Time

The country’s net asset position grew to $3.8 trillion, as it strengthens its position as a global creditor

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Hong Kong Accelerates Push to Become Gold Trading Hub

City plans to roll out yuan-denominated products to ride the precious metal boom and boost the internationalization of the Chinese currency

Caixin Global

Beijing Life Science Hub Aims to Accelerate Drug Innovation

Zhongguancun Life Science Park is fostering a full-chain ecosystem to shorten drug development cycles

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U.S. Aims to Halve Reliance on Taiwan for Advanced Chips, Commerce Secretary Says

Officials from the Trump administration say the goal is for the U.S. and its allies to produce up to 50% of the advanced semiconductors it needs, citing national security risks

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China Launches Digital Yuan International Hub to Spur Cross-Border Use

Shanghai center unveils three platforms for payments, blockchain services and digital assets

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Super Typhoon Sweeps Family Out to Sea in Hong Kong

The city raised its highest-level storm warning for the second time this year, a rarity not seen since 1964, as the storm brought severe flooding that smashed into a five-star hotel and left dozens injured

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Chinese Firms’ Overseas Expansion Faces Rising Policy and Operational Risks, Report Says

Surging bankruptcies, delayed payments and policy shifts squeeze momentum from international growth push

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China Escalates Antitrust Scrutiny of Nvidia Over Mellanox Deal

Regulators say the U.S. chipmaker breached merger terms, potentially exposing it to billions of dollars in fines

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Jack Ma-Backed Yunfeng Dives Into Crypto With $44 Million Ether Purchase

Yunfeng Financial buys $44 million in Ether, joining wave of companies treating crypto as a treasury asset

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How Ambition and Accidents Toppled the Chief of Shanghai’s State Investment Giant

The rise and fall of Shanghai’s investment king, now under investigation for corruption

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Hong Kong Regulators Issue Warning to Cool Stablecoin Frenzy

Rare joint statement from SFC and HKMA over risks of irrational investment behavior

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BOE Faces U.S. Export Threat After Ruling in Samsung Trade Secret Case

Chinese tech group to appeal ITC ruling in OLED display panel case

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Curtain Falls on Evergrande as Hong Kong Delisting Looms Aug. 25

China’s collapsed property giant says it will not be seeking a review of the decision

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Cover Story: Trump’s Tariff-by-Tweet Tactics Are Pushing Global Trade Into Perpetual Uncertainty

The U.S. president’s ‘cartoon version of protectionism’ sees trade deals riddled with vague or conflicting terms

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news in one place.

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Commentary: Trump’s Flood of Tariffs Will Create a Tsunami in Asia’s Supply Chains

Chinese companies now need to double down on Asia, both as a market and a production base

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State Shareholder Throws Vanke New Lifeline as $2 Billion Debt Payments Loom

Steady drip of lifelines underscores the severity of Vanke’s cash crunch

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Alibaba’s Freshippo to Shut Last X Member Store in Strategic Revamp

Chinese warehouse stores have struggled to break into the membership-based, bulk-buying format

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Late Wahaha Tycoon’s Family Owns Hundreds of Millions in Hong Kong, U.S. Real Estate

Battle for Zong Qinghou’s estate reveals a chain of luxury properties in Barker Road, Bel Air and San Marino

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news in one place.

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Trade War Monitor, June 30: China-U.S. Trade Deal Is Almost There

China and the EU in new trade clash over public procurement of medical devices

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Alibaba Streamlines Leadership Amid AI and Global Push

Number of partners reduced from 26 to 17 as Alibaba sharpens focus on revitalizing growth

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China Debuts Bonds with Risk-Sharing Safety Net to Drive Tech Funding

Five private venture capital firms are raising $188 million through bond backed by risk-sharing mechanisms

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In Depth: Global Student Flows are Changing as Chinese Families Seek Better Value

Hong Kong, Singapore and Malaysia rise as cost-effective contenders to Western universities amid shifting student priorities

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Weekend Long Read: Remembering Luminary Economist Stanley Fischer

The MIT professor helped shape the foundations of New Keynesian economics and influenced generations of economists and policymakers

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Commentary: Why China’s Rare Earth Dominance Matters More Than Ever

With vast reserves of rare earth oxides and a fully integrated supply chain, China is the dominant player in this field

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$500 Million Pledge Makes China Top WHO Donor After U.S. Withdrawal

U.S. withdrawal forces health agency to cut staff and reduce 2026-27 spending by 20%

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