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The Latest Breaking News from Caixin Global

Former Yoozoo Executive Sentenced to Death for Fatally Poisoning Chairman

In a case that gripped China, Xu Yao was found to have murdered Lin Qi due to a disagreement over management issues

Caixin Global

Weekly Must-Read: China’s Challenge to Fill the Multibillion-Dollar Insurance Blackhole

The insurance industry is sliding deeper into trouble, with slow sales, weak investment returns and low interest rates weighing on profits, fueling concerns that some may not be able to pay out maturing policies

Caixin Global

Shanghai Composite Index Fell 0.95% on Friday

Shenzhen Component Index closed down 1.21%

Caixin Global

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CGN to Start Building Southeast Asia’s Largest Clean Energy Facility in Laos

Electricity generated in the Laos renewable energy base will be transferred to ease shortages in South China’s Yunnan province

Caixin Global

China Has Room to Further Cut Reserve Requirement Ratio, PBOC Official Says

Further reducing the RRR would channel more money into the financial system to fuel economic growth

Caixin Global

China’s Wealthy Ranks Shrank in 2022, Hurun Rich List Says

Neither the filthy rich nor mere millionaires were spared from the economic challenges of that year such as the Covid-19 pandemic

Caixin Global

Shanghai Composite Index Fell 0.08% on Thursday

Shenzhen Component Index closed down 0.36%

Caixin Global

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Cause of Deadly Crash Flight MU5735 Still a Mystery Two Years On

CAAC report says aircraft and crew met all requirements and analysis of damaged black boxes continues

Caixin Global

China’s Central Bank Adds New Monetary Policy Advisers

People’s Bank of China has updated its 14-member Monetary Policy Committee with four new names, including securities watchdog chief Wu Qing

Caixin Global

Shanghai Composite Index Rose 0.55% on Wednesday

Shenzhen Component Index closed up 0.21%

Caixin Global

China’s Former Counterterrorism Official Caught in Graft Probe

Liu Yuejin, the Ministry of Public Security’s first and only counterterrorism commissioner, is under investigation for suspected corruption

Caixin Global

Shanghai Composite Index Fell 0.72% on Tuesday

Shenzhen Component Index closed down 0.58%

Caixin Global

WeChat Pay Operator Approved to Raise Registered Capital to 15.3 Billion Yuan

With the increase, Tenpay’s registered capital will be more than 15 times higher than the current 1 billion yuan

Caixin Global

China’s Soaring Auto Exports Will Drop After Banner 2023, Expert Says

Overseas shipments will fall to at least 4.7 million vehicles annually, Development Research Center official says, after reaching 4.9 million last year

Caixin Global

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Caixin Global

Shanghai Composite Index Rose 0.99% on Monday

Shenzhen Component Index closed up 1.46%

Caixin Global

China University Official Caught in Sweeping Campaign Against Graft in Sports

Cao Weidong, Communist Party chief of Beijing Sport University, is suspected of ‘serious violations of discipline and law’

Caixin Global

China Expands Emissions Trading Scheme to Include Aluminum Industry

The sector’s inclusion is ‘imminent,’ Caixin has learned, and comes as policymakers push ahead to add more heavy emitters to the market

Caixin Global

China’s Foreign Minister Heads to Australia Next Week

During the five-day visit, Wang Yi and Australian Foreign Minister Penny Wong will hold the 7th China-Australia Foreign and Strategic Dialogue

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Caixin Global

Shanghai Composite Index Rose 0.54% on Friday

Shenzhen Component Index closed up 0.6%

Caixin Global

Weekly Must-Read: Why China’s Efforts to Resolve Hidden Government Debt Could Fall Short

At worst, measures could further inflame the problem, promoting more off-the-books borrowing and increasing risks to economic and financial stability in the world’s second-largest economy

Caixin Global

Former Deputy Mayor of Shenzhen Under Graft Probe

Huang Min, who was dismissed in November, oversaw the Qianhai cooperation zone since 2020

Caixin Global

Death Toll of North China Restaurant Blast Rises to Seven

The explosion in Hebei province had injured 27 as of early Thursday, with no one in a critical condition

Caixin Global

Shanghai Composite Index Fell 0.18% on Thursday

Shenzhen Component Index closed down 0.52%

Caixin Global

Shanghai Composite Index Fell 0.18% on Thursday

Shenzhen Component Index closed down 0.52%

Caixin Global

Global PE Market Rides Steepest Drop in 2023, Bain Says

Global slowdown in private equity investment put down to soaring interest rates and shaken confidence but Bain expects dealmaking to revive in 2024

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