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The Latest Breaking News from 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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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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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

Caixin Global

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Caixin Global

Alibaba Plans $640 Million Investment in Hong Kong’s Entertainment Industry

And action … Alibaba plans to spend the money on film production, copyright purchases, harnessing talent and building venues

Caixin Global

Former Policy Bank Executive Caught in Anti-Corruption Dragnet

Li Jiping, a retired China Development Bank executive vice president, is suspected of ‘serious violations of discipline and law’

Caixin Global

Shanghai Composite Index Fell 0.4% on Wednesday

Shenzhen Component Index closed down 0.27%

Caixin Global

Steel Prices Extend Downward Trend Amid Sluggish Demand Recovery

Futures contracts for steel show persistent decline partly due to the Chinese New Year holiday, says expert

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news in one place.

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Caixin Global

China Telecom Unit to Acquire Majority Stake in QuantumCTek for $265 Million

Quantum secure communications network provider says it will use the money raised to replenish its working capital

Caixin Global

China Car Sales Slip in February on Lunar New Year Lull

Sales hit 1.2 million, 27% fewer than last year, as carmakers scaled back production during the eight-day holiday

Caixin Global

Shanghai Composite Index Fell 0.41% on Tuesday

Shenzhen Component Index closed up 0.51%

Caixin Global

Shanghai Composite Index Rose 0.74% on Monday

Shenzhen Component Index closed up 2.27%

Caixin Global

Red Sea Crisis Squeezes Chinese Exporters as Shipping Costs Rise, Fitch Says

Rerouting via the Cape of Good Hope is having the greatest impact on China’s exports of cars and solar modules, according to Fitch Ratings

Caixin Global

Xi Talks Up Importance of Sci-Tech Innovation for Military

China’s president also emphasized the need for coordinating military preparations at sea, advancing the construction of space systems and building a cyberspace defense system

Caixin Global

Weekly Must-Read: Nobel Laureate Economists Suggest China Tap Ordinary People’s Innovation

Michael Spence and Edmund Phelps say growth hinges on pivot from foreign trade to domestic demand

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