The Latest Breaking News from Caixin Global

Shenzhen Component Index closed down 0.22%

CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price

The 100 largest Chinese developers sold $52.5 billion worth of new properties in January, down 32.5% from a year earlier

Micro and small enterprises were the biggest beneficiaries of the support, which included value-added tax refunds

High-frequency data around the Lunar New Year improved over 2022, but some indicators remain well below where they were before the pandemic

A Foreign Ministry spokesperson says President-elect Petr Pavel’s call was a violation of the ‘One China’ principle

Shenzhen Component Index closed up 1.31%

Demand for gold worldwide rose 18% last year to 4,741 tons amid soaring inflation and increased geopolitical risk

In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change

Shenzhen Component Index closed down 0.8%

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry