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The Latest Breaking News from Caixin Global

Shanghai Composite Index Fell 0.3% on Friday

Shenzhen Component Index closed down 0.59%

Caixin Global

Weekly Must-Read: Seven Things to Know About China’s Latest IPO System Overhaul

After testing the registration-based mechanism in China’s three smaller markets, regulators are now planning to roll it out to the two main boards

Caixin Global

China Offers More Flexible Visas for Professionals in the Greater Bay Area

Under new system starting Feb. 20, those who qualify can stay four times as long on multiple visits to Hong Kong and Macao

Caixin Global

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Shanghai Composite Index Rose 1.18% on Thursday

Shenzhen Component Index closed up 1.64%

Caixin Global

Yum China Profit Slumps 90% in Fourth Quarter on Covid Disruptions

Operator of KFC and Pizza Hut reports January rebound and sees a stronger 2023 as it plans to add more than 1,100 new outlets

Caixin Global

China Outlines Responsibilities for Developing Hengqin Guangdong-Macao Zone

Guidelines aim to clear up roles of agencies involved in a corner of the massive Greater Bay Area project

Caixin Global

China to Send $6 Million in Emergency Aid to Quake-Hit Turkey

The 7.8 magnitude earthquake struck Monday near the country’s southern border with Syria, killing at least 7,000 people

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Beijing Tells Taipei That Mainland Is Ready to Resume Cross-Strait Flights

The Chinese mainland has contained its Covid outbreak, and Taiwan should stop using the pandemic as an excuse to delay the resumption, official says

Caixin Global

Shanghai Composite Index Fell 0.49% on Wednesday

Shenzhen Component Index closed down 0.62%

Caixin Global

China Speeds Up Approval of Wholly Foreign-Owned Fund Managers

With Morgan Stanley and JPMorgan rulings, authorities have cleared four such ventures already this year compared with just one last year

Caixin Global

China Stock Exchanges Appoint IPO Review Committees to Clean Up Listings

Nation’s two largest bourses Shanghai and Shenzhen each name 30 people including CSRC officials as ‘gatekeepers’ of new issues and M&A

Caixin Global

Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

Former banking official Qin Huizhong has been accused of taking bribes and maintaining ‘improper sexual relationships’

Caixin Global

Shanghai Composite Index Rose 0.29% on Tuesday

Shenzhen Component Index closed up 0.12%

Caixin Global

China Says Another Balloon Has Strayed Into Foreign Skies

The unmanned airship deviated far from its planned route and unintentionally flew over parts of Latin America and the Caribbean, foreign ministry spokesperson says

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Caixin Global

U.S. Hedge Fund Giant Citadel Tries to Tap Into China

CSRC has accepted Citadel subsidiary’s application for the Qualified Foreign Institutional Investor program

Caixin Global

China Launches Pilot to Make Most ‘Public’ Vehicles NEVs

Under the trial, participating cities will build out new-energy infrastructure to help them replace older vehicles with ones that don’t run on fossil fuels

Caixin Global

Editorial: Boosting China’s Growth Requires Addressing Fundamental Problems

Enhancing confidence and improving expectations depend on deepening reform

Caixin Global

China’s Graft Busters Investigate Deputy of Quasi Military Group in Xinjiang

CCDI launches probe into Jiao Xiaoping, deputy commander of the Xinjiang Production and Construction Corps

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Caixin Global

Shanghai Composite Index Fell 0.76% on Monday

Shenzhen Component Index closed down 1.18%

Caixin Global

China Protests U.S. Downing of Chinese Unmanned Airship, Says It’s ‘Clear Overreaction’

Beijing says it will ‘resolutely safeguard’ the rights and interests of the company concerned and that the country reserves the right to make further responses if necessary

Caixin Global

Fugitive Hong Kong Mogul Auctions Up to $2 Million in Luxury Handbags

Joseph Lau Luen-hung is selling 77 rare Hermès bags in the largest single-owner handbag sale ever held in Asia, according to Sotheby’s

Caixin Global

Former CSRC Accounting Head Expelled From Communist Party

Wang Zongcheng found to have accepted bribes from supervision targets in exchange for securities regulatory information

Caixin Global

Opinion: How China’s Chip Industry Should Respond to the U.S.-Japan-Netherlands Alliance

A recently established partnership between the three countries threatens to cut China’s access to key chipmaking equipment, so Chinese firms must move quickly to secure international cooperation where it can be found

Caixin Global

China’s Top Diplomat Calls for Military Caution, Economic Cooperation With Japan

Foreign Minister Qin Gang expressed the need for sensitivity over issues related to Taiwan and disputed islands in the East China Sea

Caixin Global

Shanghai Composite Index Fell 0.68% on Friday

Shenzhen Component Index closed down 0.63%

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