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The Latest Breaking News from Caixin Global

Chinese Automakers Motor Into Indonesia for New Growth

Great Wall Motor and Hozon Auto make debuts at Indonesia International Motor Show this week and push to set up local factories

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Shanghai Composite Index Fell 2.01% on Friday

Shenzhen Component Index closed down 2.18%

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Another Chinese Chip Design Venture Is Shutting Down

Geely Holding’s Xingji Meizu Group decides to terminate the business due to uncertainties in the global economy

Caixin Global

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Seven Die as Water Surges in Southwest China River

The deceased women were swept away in the Longxi River in Ya’an, Sichuan province, in an incident that may be linked to a discharge from an upstream reservoir

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Shanghai Composite Index Rose 0.31% on Thursday

Shenzhen Component Index closed up 0.1%

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Yuan Transactions Hit Record in Russia

The Chinese currency was on one side of 44% of forex trades on the Russian exchange-traded market last month, up from 39.8% in June

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Beijing Floods’ Death Toll Rises to 33

Eighteen people remain missing after the Chinese capital was hit by the heaviest rainfall in 140 years

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Shanghai Composite Index Fell 0.49% on Wednesday

Shenzhen Component Index closed down 0.53%

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Shanghai Composite Index Fell 0.25% on Tuesday

Shenzhen Component Index closed down 0.42%

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China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

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Shanghai Composite Index Fell 0.59% on Monday

Shenzhen Component Index closed down 0.83%

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Pony.ai in JV With Toyota-linked Companies to Mass Produce Self-Driving Taxis

Start-up joins with Toyota Motor (China) Investment and GAC Toyota Motor to invest more than $140 million to set up the robotaxi firm

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Morgan Stanley Targeted for Shanghai Compliance Inspection

CSRC picks American securities unit and Changjiang Finance Services for random on-site governance and business reviews

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As China’s Markets Languish, New Rules Will Free Up Billions Idle in Stock Accounts

A reduction in cash required in investors’ settlement accounts, the third in almost four years, could unleash as much as 40 billion yuan of cash

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.23% on Friday

Shenzhen Component Index closed up 0.67%

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Weekly Must-Read: Race Is on to Become China’s SpaceX

Chinese startup LandSpace Technology became the world’s first private company to launch a methane-liquid oxygen carrier rocket, leaping ahead of local rivals including GalaxySpace, Chang Guang Satellite and i-Space

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Retired China Railway Chief Pleads Guilty to Taking $8.4 Million of Bribes

Sheng Guangzu to be sentenced later for corruption and abuse of power in final years of a 30-year railroad system career

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Shanghai Composite Index Rose 0.58% on Thursday

Shenzhen Component Index closed up 0.53%

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 0.89% on Wednesday

Shenzhen Component Index closed down 0.35%

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Shanghai Lawmaker Booted From Top Legislature Following Graft Probe

Dong Yunhu, placed under investigation last month, is the first representative to be publicly removed from the 14th National People’s Congress, whose members were confirmed in February

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Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.36%

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China Appoints New Leadership for Missile Force

Navy’s Wang Houbin named head of Rocket Force, and Xu Xisheng takes over as political commissar

Caixin Global

Citadel Securities Hires Former BlackRock Exec to Lead China Business

Tony Tang, also previously a deputy director of the international affairs department at China’s top securities watchdog, will begin his new role in September

Caixin Global

Huawei Bucks Trend of Plunging China Smartphone Sales

The brand saw a 76% increase in shipments in the domestic market, the only major local name to log growth during the second quarter

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BYD Hires 30,000 College Graduates So Far This Year, Sources Say

Around 80% of the new recruits will fill R&D positions at China’s best-selling car brand

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