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The Latest Breaking News from Caixin Global

Tencent-ByteDance Ceasefire Holds With Honor of Kings Deal

The agreement will allow the popular battle arena game to be streamed on Douyin in the wake of a longrunning tussle over copyrights

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Beijing ‘Welcomes’ Nauru Decision to Cut Diplomatic Ties With Taiwan

The Pacific Island nation is seeking to reestablish official relations with Beijing, switching diplomatic recognition from Taipei following the recent election

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Shanghai Composite Index Rose 0.15% on Monday

Shenzhen Component Index closed down 0.36%

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China Names New Climate Envoy

Liu Zhenmin, a career diplomat, is replacing special envoy Xie Zhenhua, who is stepping down ‘due to health reasons’

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China Premier to Speak at 2024 World Economic Forum

Li Qiang is scheduled to visit Europe next week to deliver a special address at the event in Davos, and pay official visits to host Switzerland and Ireland

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Shanghai Composite Index Fell 0.16% on Friday

Shenzhen Component Index closed down 0.64%

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Citadel Securities Bids for Credit Suisse’s China Venture

UBS’sale will face delay as Credit Suisse’s joint-venture buyout is still awaiting approval by Chinese regulators

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China Province Reveals Head of New Public Complaints Department

Inner Mongolia has named Wu Zhiqiang as chief of its Social Work Department, which is tasked with overseeing the handling of feedback from the public

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Shanghai Composite Index Rose 0.31% on Thursday

Shenzhen Component Index closed up 1.47%

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China’s Economy Expands at 5.3% in 2023, Caixin Survey Shows

Chinese economy is showing signs of stabilizing after its bumpy ride following the lifting of Covid restrictions and a property slump, say economists

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Iflytek to Spin Off Loss-Making Health Care Arm

The Chinese AI developer is looking to float its medical device and diagnosis business Xunfei Healthcare Technology in Hong Kong

Caixin Global

Shanghai Composite Index Fell 0.54% on Wednesday

Shenzhen Component Index closed down 0.55%

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PBOC Added $70 Billion Cheap Credit in 2023 to Fund Housing, Infrastructure

Relaunch of the PSL program suggests Beijing is relying on the policy banks to left China out of deepening property crisis

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Shanghai Composite Index Rose 0.2% on Tuesday

Shenzhen Component Index closed up 0.27%

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Rentals in Biggest Chinese Cities Drop Further as Supply Increases

Cooldown of rental market continues as more young job seekers leave expensive big cities for smaller, cheaper conurbations

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CATL Secures Three-Year Supply Deal With Dongfeng Motor Unit

The Chinese battery-maker will provide power cells for M Hero’s electric SUV, which will be embossed with ‘CATL Inside’

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Evergrande’s Electric-Car Unit Plunges After Vice Chairman Detained

China Evergrande New Energy Vehicle’s shares fall as much as 23% on news Liu Yongzhuo was suspected of committing crimes

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Shanghai Composite Index Fell 1.42% on Monday

Shenzhen Component Index closed down 1.85%

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news in one place.

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Caixin Global

China Urges Banks to Provide More Support for Construction of Rental Properties

Central bank and the National Financial Regulatory Administration made the call with the aim of increasing supply of commercial and affordable rentals

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China Tightens Scrutiny of LGFVs Offshore Borrowings

Regulators are trying to restrict local governments raising finance by selling bonds overseas as higher costs increase their debt repayment risks

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Regulator Denies Quant Trading to End on Futures Market

Rumor spread along with speculation that exchanges might adjust their fee rebates in a way that is less favorable to high-frequency traders

Caixin Global

Shanghai Composite Index Fell 0.85% on Friday

Shenzhen Component Index closed down 1.07%

Caixin Global

Weekly Must-Read: Chinese Carmakers Enter 2024 Fighting Price War, Heightened EV Competition

On track for record 2023 sales, China’s auto industry won’t see profitability follow suit

Caixin Global

Shanghai Composite Index Fell 0.43% on Thursday

Shenzhen Component Index closed down 1.24%

Caixin Global

Shanghai Composite Index Rose 0.17% on Wednesday

Shenzhen Component Index closed down 0.75%

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