The Latest Breaking News from 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 · Mar 18, 2024

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 · Mar 18, 2024

Shanghai Composite Index Rose 0.99% on Monday

Shenzhen Component Index closed up 1.46%

Caixin Global · Mar 18, 2024

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 · Mar 15, 2024

Former Deputy Mayor of Shenzhen Under Graft Probe

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

Caixin Global · Mar 14, 2024

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 · Mar 14, 2024

Shanghai Composite Index Fell 0.18% on Thursday

Shenzhen Component Index closed down 0.52%

Caixin Global · Mar 14, 2024

Shanghai Composite Index Fell 0.18% on Thursday

Shenzhen Component Index closed down 0.52%

Caixin Global · Mar 14, 2024

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 · Mar 13, 2024

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 · Mar 13, 2024