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The Latest Breaking News from Caixin Global

Shenzhen Broadens Home Purchase Eligibility to Prop Up Sales

Four biggest cities have eased their housing curbs to varying extents after the central government encouraged localities to refine housing policies

Caixin Global

Shanghai Composite Index Rose 1.28% on Thursday

Shenzhen Component Index closed up 1.29%

Caixin Global

Shanghai Composite Index Rose 1.44% on Wednesday

Shenzhen Component Index closed up 2.93%

Caixin Global

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China Approves Mercedes and BMW Charging Network Venture

Joint venture between two of the German automakers’ subsidiaries aims ‘to provide Chinese customers with premium charging services’

Caixin Global

Former Provincial Party Chief Expelled for ‘Meddling With Judicial Activities’

Sun Zhigang, Guizhou’s ex-Communist Party secretary, is also suspected of using his influence to help others in return for money and gifts

Caixin Global

Shanghai Composite Index Rose 3.23% on Tuesday

Shenzhen Component Index closed up 6.22%

Caixin Global

Ex-Taiping Life Boss Booted From Party for Alleged Graft

Zhang Ke, former general manager of the state-owned insurance giant, exploited his power for others in exchange for ‘huge sums’ of money, top graft buster says

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China’s Top Legislature Confirms Ousted Military Officials Violated ‘Discipline and Law’

Nine former senior officers got booted from the National People’s Congress last year for suspected ‘serious violations of discipline and law,’ a euphemism used by the country’s graft-busters for corruption

Caixin Global

Shanghai Composite Index Fell 1.02% on Monday

Shenzhen Component Index closed down 1.13%

Caixin Global

Ex-Sinopharm Manager Caught in Anti-Graft Dragnet

China’s corruption investigators are looking into Zhou Bin, a former deputy general manager of the state-owned drugmaker, for ‘serious violations of discipline and law’

Caixin Global

China Monthly New Property Sales Plunge to Five-Year Low

The country’s 100 biggest developers took in $33 billion in January, down 34.2%, as the ailing sector continues to grapple with a liquidity crisis

Caixin Global

Shanghai Composite Index Fell 1.46% on Friday

Shenzhen Component Index closed down 2.24%

Caixin Global

Weekly Must-Read: China’s Local Governments Paid Record $174 Billion in Bond Interest Last Year

Total is up nearly 10% from 2022, with outstanding debt climbing by 16% last year

Caixin Global

Wind and Solar Power Capacity to Surpass Coal for First Time in China

The renewable energy sources will make up around 1,300 gigawatts of the country’s installed capacity by the end of 2024, industry body says

Caixin Global

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Caixin Global

Hong Kong Property Mogul Ronnie Chan to Retire

Hang Lung Group announces Chan’s eldest son will take over his seat as board chairman in April

Caixin Global

Shanghai Composite Index Fell 0.64% on Thursday

Shenzhen Component Index closed up 0.34%

Caixin Global

Rocket-Maker Says Rumored Explosion in Shanghai Was Routine Blast Test

Three employees of LandSpace Technology were injured at an industrial park in Songjiang district, the Chinese startup tells Caixin

Caixin Global

GAC’s Electric Car Brand Debuts in Hong Kong

Aion launches its first showroom in the city with plans to roll out four models, starting with the Y Plus SUV in May

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Caixin Global

Myanmar Police Hand Over 10 Telecom Fraud Suspects to China

The suspects include the former chairman of a self-administered zone along the border that has been a hotbed for cybercrime in recent years

Caixin Global

Shanghai Composite Index Fell 1.48% on Wednesday

Shenzhen Component Index closed down 1.95%

Caixin Global

Although China’s economy showed signs of recovery in 2023, prices have not improved in tandem, with key economic indicators signaling a persistent decline

Caixin Global

China Boots Former Aerospace Academy Head From Political Advisory Body

Wang Xiaojun, ex-president of the China Academy of Launch Vehicle Technology, is the latest in a string of arms and aerospace executives ousted from the CPPCC

Caixin Global

Ex-President of Chinese Football Association Pleads Guity to Bribery

Chen Xuyuan accepted money and valuables worth $11.3 million in exchange for favors such as obtaining project contracts, court says

Caixin Global

Shanghai Composite Index Fell 1.83% on Tuesday

Shenzhen Component Index closed down 2.4%

Caixin Global

Corrupt Former Policy Bank Vice President Gets 20 Years Behind Bars

He Xingxiang found guilty of taking bribes, hiding offshore deposits, and illegally issuing loans and bank guarantees

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