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The Latest Breaking News from Caixin Global

China Launches Five-Year Plan for Anti-Graft Campaign

Authorities will deepen their crackdown on state-owned enterprises and sectors such as finance, health care, sports and higher education

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Huawei Appoints Yu Chengdong as Chairman of Smart Car Unit, Sources Say

Jin Yuzhi, who has been head of the tech giant’s optical fiber business since 2019, will succeed Yu as CEO

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Shanghai Composite Index Fell 0.77% on Thursday

Shenzhen Component Index closed down 0.9%

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Shanghai Composite Index Fell 0.52% on Wednesday

Shenzhen Component Index closed down 0.53%

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.73%

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AI Startup 4Paradigm Aims to Raise $113 Million in Hong Kong IPO

Long-awaited share sale values the Beijing-based company at $3.3 billion to $3.6 billion with stock to begin trading Sept. 28

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China’s Top Diplomat Meets Biden Advisor to Boost Communication

Both sides agreed on more engagement on maritime and foreign policy affairs, as well as on the Asia-Pacific

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Battery-Maker Gotion Switches On Germany Factory

The Chinese firm’s Göttingen-based plant expects to begin delivering battery packs for vehicles and energy storage systems in October

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Shanghai Composite Index Rose 0.26% on Monday

Shenzhen Component Index closed up 0.55%

Caixin Global

China Classifies Monkeypox as Class B Infectious Disease

Change allows local authorities to take measures such as lockdowns under certain conditions during outbreaks of the virus

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Reporters’ Notebook: A China-Backed All-Electric Race Series Could Steer the Global South’s Clean Energy Transition

The launch of the Elite World Cup is part of a broader plan by its founders to ignite the EV sector in South Africa and other developing nations

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Shanghai Composite Index Fell 0.28% on Friday

Shenzhen Component Index closed down 0.52%

Caixin Global

Weekly Must-Read: The Slow-Burning Insurance Crisis Unfolding in the Shadows

Despite government efforts to clean up the industry and improve oversight, the economic slowdown and a new risk-focused regulatory regime are adding to the problems

Caixin Global

China Greenlights First Insurer’s Sales of Perpetual Bonds to Replenish Capital

The approval for Taikang Life could pave the way for other insurance firms to use the instrument to strengthen their balance sheets

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Caixin Global

China and Venezuela Agree to Upgrade Official Status

President Xi Jinping and Venezuelan leader Nicolas Maduro say they will elevate their countries’ relationship to an ‘all-weather strategic partnership’

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China Disputes IPhone Ban Reports

There is no ‘law, regulation or policy document that bans the purchase and use’ of foreign-branded handsets, foreign ministry says

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Shanghai Composite Index Rose 0.11% on Thursday

Shenzhen Component Index closed down 0.57%

Caixin Global

Tianjin Public Transit Delays Bus Driver Salaries

Employer of 18,300 delayed wages since June, workers report, spotlighting financial strains amid years of operating losses

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 0.45% on Wednesday

Shenzhen Component Index closed down 1.14%

Caixin Global

Shanghai Composite Index Fell 0.18% on Tuesday

Shenzhen Component Index closed down 0.08%

Caixin Global

Beijing District Scraps Price Limits on Pre-Owned Homes

Haidian district, known for prestigious schools, joins a parade of localities dropping price controls to bolster housing sales

Caixin Global

Shanghai Composite Index Rose 0.84% on Monday

Shenzhen Component Index closed up 0.98%

Caixin Global

Iron Futures Weaken After Regulators Issue Price Warning

Following a 20% surge in black metal futures, NDRC and CSRC call traders on the carpet and tell them to cool it

Caixin Global

Shanghai Composite Index Fell 0.18% on Friday

Shenzhen Component Index closed down 0.38%

Caixin Global

Ex-Senior Supreme Court Official Probed in Anti-Graft Campaign

Zheng Xuelin, former head of a division at China’s top court, is suspected of ‘serious violations of discipline and law,’ a common euphemism for corruption

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