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The Latest Breaking News from Caixin Global

Xi Affirms China’s Commitment to Restoring Peace in Ukraine in Phone Call With Zelenskyy

Beijing will send one or more special representatives on Eurasian affairs to Ukraine to talk with all parties comprehensively about a political settlement, Chinese president says

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Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed up 0.33%

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Cosco’s Egypt Terminal Project Enters Antitrust Review

Chinese shipping giant and partners Hutchison Ports and France’s CMA CGM plan to co-develop and operate a container unit at the Suez Canal

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China Maps Out Plan to Bolster Foreign Trade

State Council vows streamlined visas, faster international flight resumption and better services for trading companies in push to bolster exports

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Chinese Nationals Evacuated From Conflict-Hit Sudan

The group was taken to an undisclosed neighboring country as fighting between state and paramilitary forces rages on in the northeast African nation

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Shanghai Composite Index Fell 0.32% on Tuesday

Shenzhen Component Index closed down 1.48%

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Beijing Affirms It Respects the Sovereignty of Ex-Soviet Republics

Foreign ministry answers reporter’s question about the Chinese Ambassador to France's controversial remarks that cast doubt about the legal status of former U.S.S.R. members like Ukraine

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China Moves Step Closer to Unifying Corporate Bond Market Oversight

The country’s economic planning agency will transfer supervision of a type of corporate debt to the securities regulator over the next six months

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China Lodges Complaint About South Korean President’s ‘Erroneous’ Remarks on Taiwan

Chinese vice foreign minister conveys opposition to the nation’s ambassador about drawing parallels between the issues of Taiwan and the Korean Peninsula

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Editorial: Local Debt Discipline Cannot Be Relaxed

The principle that there should be no bailouts from the central government must be upheld

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Shanghai Composite Index Fell 0.78% on Monday

Shenzhen Component Index closed down 1.17%

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Another Shanghai Exchange Official Comes Under Graft Investigation

Liu Ti, former deputy general manager, is taken away by authorities, joining a parade of senior securities industry officials ensnared in crackdown

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Jack Ma Appointed Honorary Professor at the University of Hong Kong

The Alibaba co-founder will focus on conducting research in finance, agriculture and entrepreneurial innovations with the HKU faculty, with no plans for public lectures or speeches, reports say

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China, Singapore to Collaborate More Closely on Financial Regulation, Market Opening

CBIRC and MAS will partner up to develop global and regional rules and modernize their own regulatory systems

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China, Mongolia Officials Agree to Tackle Hazardous Dust Storms

Beijing’s head of Asian affairs and the Mongolian ambassador to China decide the two countries should work to combat sandstorms, desertification and climate change

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Shanghai Composite Index Fell 1.95% on Friday

Shenzhen Component Index closed down 2.28%

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Weekly Must-Read: China’s First-Quarter GDP Grows 4.5% on Pick-Up in Consumption, Industrial Production

The figure beats expectations and surpasses the 2.9% growth rate for the fourth quarter, when the country was still sticking to its stringent ‘zero-Covid’ policy most of the time

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Former Shanghai Electric Chief Tried for Taking $22.6 Million in Bribes

Zheng Jianhua accused of embezzlement, abuse of power and accepting bribes over 18 years

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Chinese First-Quarter Mortgage Borrowing Jumps 50%

Homebuyers take advantage of lower rates in another signal that policies to bolster the property market are kicking in

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Meituan Muscles In on Livestreaming E-Commerce With Inaugural Event

Some $12.5 million in coupons were sold during a marketing extravaganza that included an 11-hour livestream shopping show, featuring brands such as Luckin Coffee and budget boba tea chain Mixue Bingcheng

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Shanghai Composite Index Fell 0.09% on Thursday

Shenzhen Component Index closed down 0.37%

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China Pledges Support for Private Investment Projects to Issue REITs

Fundraising through publicly traded real estate investment trusts would enable private operations to carry out infrastructure projects

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Shanghai Composite Index Fell 0.68% on Wednesday

Shenzhen Component Index closed down 0.84%

Caixin Global

Tesla Safety Faults Contributed to Worker Fatality, Shanghai Authorities Find

Electric vehicle giant should be punished in connection with February death of worker crushed by equipment, according to investigation report

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Hospital Fire Kills 21 People in Beijing

Blaze starts around noon in eight-story inpatient wing of Changfeng Hospital in Fengtai District; cause under investigation

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