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The Latest Breaking News from Caixin Global

Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring

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

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China’s New Home Sales Get Off to a Weak Start in 2023

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

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China Doled Out $622 Billion of Tax and Fee Relief to Support Businesses in 2022

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

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Wang Tao: Economic Activity Gains Ground During Holiday, but Nowhere Near Pre-Covid Levels

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

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China Warns Incoming Czech Leader Over Call with Taiwan’s Tsai

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

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Shanghai Composite Index Rose 0.9% on Wednesday

Shenzhen Component Index closed up 1.31%

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Global Central Banks Increase Gold Buying to Highest in 55 Years

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

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Editorial: The Urgent Need for Global Cooperation

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

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Shanghai Composite Index Fell 0.42% on Tuesday

Shenzhen Component Index closed down 0.8%

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Top Stories of the Month: The Questions Hanging Over Ant Group

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

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iFlytek Jumps by Daily Limit as AI Arouses Investor Interest

The tech company stock rises 10% despite warning its 2022 profit fell by an estimated 60% to 70%

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Shanghai Composite Index Rose 0.14% on Monday

Shenzhen Component Index closed up 0.98%

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U.S. Seeks ‘Guardrails’ in China Talks to Avoid Conflict, State Department Says

U.S. Secretary of State Antony Blinken to discuss nuclear weapon stockpiles and climate change in visit early next month

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Five Chinese Nationals Killed in Northern California Shooting

Seven people died in the attack in Half Moon Bay, which happened just days after a deadly shooting in Los Angeles

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news in one place.

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Caixin Global

Covid Deaths Fall Nearly 80% From January Peak, China CDC Says

The number of critically ill patients from the virus drops 72% from its daily peak earlier this month

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At Least One Chinese National Among Victims in Lunar New Year U.S. Shooting

The deadly Saturday attack at a dance club in Monterey Park is followed by yet another mass shooting in California on Monday where victims are reportedly ‘Chinese farmworkers’

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Developer Oceanwide and Tycoon Lu Zhiqiang Sued in $1 Billion Loan Dispute

China Minsheng Bank is pursuing the firm and its de facto controller for billions of yuan in unpaid debt that they guaranteed

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China Urges Los Angeles Community to be Vigilant After New Year’s Day Mass Shooting

The Chinese consulate in the city issued the warning after a 72-year-old man killed 10 people in a dance club in an Asian American neighborhood

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China to Resume Overseas Group Tours Feb. 6 to 20 Countries

Most countries on the list haven’t imposed additional Covid restrictions on Chinese tourists despite the wave of domestic infections

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Ex-China Life Chairman Charged for Bribery, Concealing Overseas Deposits

Wang Bin’s alleged misconduct stretches back to his time at state-owned lenders the Agricultural Development Bank of China and Bank of Communications

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Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

Lu Jun, who headed the firm in charge of the country’s biggest state-run chip investment vehicle, is suspected of taking bribes, embezzling public funds and abusing his position

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Shanghai Composite Index Rose 0.76% on Friday

Shenzhen Component Index closed up 0.57%

Caixin Global

Weekly Must-Read: Where to Now for Alibaba in the Post-Jack Ma Era?

With Ma pulling further back from the reins of his e-commerce empire after ceding control of Ant Group, all eyes are watching to see if relations with the government can be patched up

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Two Top Chinese Soccer Officials Under Corruption Probe

Chinese Football Association’s executive deputy secretary-general and a former secretary-general are caught up in a widening graft investigation

Caixin Global

Another Central Bank Official Snared in Graft Probe

The investigation into Li Guo may be related to a broader inquiry into corruption in nonbank payment licenses, sources say

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