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The Latest Breaking News from Caixin Global

China Appoints New Party Chief of Top Tax Authority

Hu Jinglin, a former vice finance minister, succeeds Wang Jun at the State Taxation Administration

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Politburo Deliberates New Rules to Tighten Party Control Over Foreign Affairs

The top decision-making body emphasizes need to ‘strengthen the centralized and unified leadership’ of the party over foreign affairs

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Shanghai Composite Index Rose 0.23% on Tuesday

Shenzhen Component Index closed up 0.49%

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China to Offer Private Firms Bigger Helping Hand

Seven government agencies and one business group release 25 measures to provide greater financing to the sector

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China, Japan, South Korea Foreign Ministers Agree to Work on Reviving Leaders’ Summit

China’s Wang Yi also urged the three nations to restart negotiations on free trade agreements at a meeting in Busan Sunday

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Shanghai Composite Index Fell 0.3% on Monday

Shenzhen Component Index closed down 0.55%

Caixin Global

China Adds Six Countries to 15-Day Visa-Free Program

Beijing plans to include France, Germany, Italy, Malaysia, the Netherlands, and Spain in the program on a one-year trial basis

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China Announces Measures to Fight Wave of Respiratory Infections in Kids

State Council orders strengthened health surveillance in schools and increased vaccinations for at-risk groups

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Shanghai Composite Index Fell 0.68% on Friday

Shenzhen Component Index closed down 0.94%

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Weekly Must-Read: Rethinking China’s Property Market Meltdown

As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea

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Cabinet Vows Support to SMEs Traded on Beijing Bourse

State Council urges banks to boost lending to small and medium-sized businesses; cabinet aims to promote Beijing financial services, business on Beijing stock exchange

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China’s Innovative Startups, Tech Firms Need More Financial Help, Regulators Say

Monday’s meeting also calls for better information-sharing to improve understanding of technology

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Maersk Strikes Deal With Chinese Firm to Buy Methanol for Green Vessels

Xinjiang Goldwind will supply the Danish container shipping giant with 500,000 tons a year of the fuel from a new plant in Inner Mongolia

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Financial Sector Has Potential to Better Serve China’s Real Economy, Lawmakers Say

There is still much room for the industry to sacrifice profits for the sake of the real economy, a statement from the national legislature says

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Caixin Global

Shanghai Composite Index Rose 0.6% on Thursday

Shenzhen Component Index closed up 0.78%

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Zhongzhi Declares Itself ‘Severely Insolvent’ as Debt Soars to $65 Billion

Audit shows debt of 420-460 billion yuan, double its assets of 200 billion yuan; conglomerate sees significant risk to ongoing operations

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U.S. Draws Fewer Chinese Students, Report Says

Mainlanders studying in America fall 0.2% in the 2022-2023 school year, in large part because fewer are pursing an undergraduate education in the country

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Former Deputy Provincial Party Chief Gets 14 Years for Graft

Zhang Jinghua, ex-deputy secretary of Jiangsu province’s party committee, accepted around $7 million in bribes to help others win contracts and promotions

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Caixin Global

Shanghai Composite Index Fell 0.79% on Wednesday

Shenzhen Component Index closed down 1.41%

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Boss of Game Livestreamer DouYu Detained by Police

DouYu founder and Chairman Chen Shaojie detained on Nov. 16 in Chengdu; DouYu says no word on reason for detention

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Premier Li Takes Helm of China’s Top Financial Regulator

The Central Financial Commission is responsible for top-level design, coordination and supervision of the sector

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Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.26%

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Chinese Automaker GAC Aims to Use Solid-State Battery by 2026

The technology holds the promise for a longer lifespan, increased range and faster charging times than conventional lithium-ion cells

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Mastercard Gets Go-Ahead to Get Into China’s Trillion-Dollar Bank Card Clearing Business

The approval makes a Chinese joint venture of the U.S. credit card processing giant the second foreign-funded company to be granted such a clearing license in the country

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Shanghai Composite Index Rose 0.46% on Monday

Shenzhen Component Index closed up 0.43%

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