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The Latest Breaking News from Caixin Global

Former BOC Chief Charged for Bribery, Illegal Loan Issuance

Former bank chairman accused of taking huge amounts in bribes is the latest financial veteran caught in anti-corruption net

Caixin Global

BYD Unveils Plan to Boost Brand Image, Global Reach

The leading Chinese EV-maker will launch a series of ‘high-end luxury models’ to further expand in the premium car market

Caixin Global

Provincial Party Leaders Urge Change of Mindset to Foster a Better Class of Growth

Hunan’s party committee launched a ‘great discussion’ on ‘emancipation of the mind’ to break the rigid ways of thinking that stand in the way of breakthroughs in reform

Caixin Global

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Shanghai Composite Index Rose 1.56% on Monday

Shenzhen Component Index closed up 0.93%

Caixin Global

Snowy Harbin Draws Millions During Lunar New Year Holiday

The capital of Heilongjiang province recorded more than 6 million visits during the first five days of the holiday, a year-on-year increase of 83%

Caixin Global

China Releases Draft Regulations for After-School Tutoring Industry

The first of its kind on a national-level, the draft lays out the regulatory framework for the once booming sector and comes more than two years after a sweeping crackdown was launched

Caixin Global

China Car Sales Post First Monthly Dip Since July

Reduced local government incentives and strong sales promotions the previous month dampened demand in January

Caixin Global

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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

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

Caixin Global

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Caixin Global

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

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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

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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