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The Latest Breaking News from Caixin Global

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

Caixin Global · Nov 23, 2023

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

Caixin Global · Nov 23, 2023

Shanghai Composite Index Rose 0.6% on Thursday

Shenzhen Component Index closed up 0.78%

Caixin Global · Nov 23, 2023

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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

Caixin Global · Nov 22, 2023

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

Caixin Global · Nov 22, 2023

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

Caixin Global · Nov 22, 2023

Shanghai Composite Index Fell 0.79% on Wednesday

Shenzhen Component Index closed down 1.41%

Caixin Global · Nov 22, 2023

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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

Caixin Global · Nov 21, 2023

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

Caixin Global · Nov 21, 2023

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.26%

Caixin Global · Nov 21, 2023

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

Caixin Global · Nov 20, 2023

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

Caixin Global · Nov 20, 2023

Shanghai Composite Index Rose 0.46% on Monday

Shenzhen Component Index closed up 0.43%

Caixin Global · Nov 20, 2023

Ex-Senior Provincial Official Stung in China’s Sweeping Corruption Probe

Former deputy head of Sichuan’s top political advisory body Yang Kening is being investigated for ‘serious violations of discipline and law’

Caixin Global · Nov 17, 2023

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Caixin Global · Nov 17, 2023

Xi Pledges to Further Open Markets, Optimize Business Environment for Overseas Firms

In a written APEC speech, president vows to shorten the negative list on foreign investment and promote the free and orderly flow of data in compliance with the law

Caixin Global · Nov 17, 2023

Shanghai Composite Index Rose 0.11% on Friday

Shenzhen Component Index closed up 0.25%

Caixin Global · Nov 17, 2023

Weekly Must-Read: Chinese Consumers Deluged With Cheap Loans

Banks are undercutting each other amid the government’s calls to support consumption and economic growth

Caixin Global · Nov 16, 2023

Xi Announces More Study Abroad Opportunities for Americans

At a dinner in San Francisco, the Chinese president shared details from his conversation with U.S. President Joe Biden regarding tourism and panda diplomacy

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news in one place.

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Caixin Global · Nov 16, 2023

Shanghai Composite Index Fell 0.71% on Thursday

Shenzhen Component Index closed down 1.23%

Caixin Global · Nov 15, 2023

Alibaba Expands in Europe With Investment in B2B Platform Visable

The move is part of the tech giant’s efforts to grow its country- or region-specific business, as some Chinese products lose their edge in price globally

Caixin Global · Nov 15, 2023

Shanghai Composite Index Rose 0.55% on Wednesday

Shenzhen Component Index closed up 0.72%

Caixin Global · Nov 14, 2023

Top Securities Firms CICC, China Galaxy Deny Merger Rumor

Both say they haven’t received any information about a tie-up from the government or controlling shareholders

Caixin Global · Nov 14, 2023

Shanghai Composite Index Rose 0.31% on Tuesday

Shenzhen Component Index closed up 0.17%

Caixin Global · Nov 13, 2023

Wanted in China: Four Myanmar Telecom Scam Ring Leaders

The four are wanted for alleged crimes that go well beyond fraud, including assault, kidnapping and murder

Caixin Global · Nov 13, 2023

Former China Securities Regulatory Official Expelled From Communist Party for Alleged Bribery

Yang Chunlei became the target of a probe when her husband Cong Lin, former president of investment bank China Renaissance, came under investigation last year

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