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The Latest Breaking News from Caixin Global

China Subsidizes Airlines, Car Purchases to Ease Pain of Crippling Lockdowns

Authorities issue a raft of measures to boost consumer spending and support businesses hit hard by persistent Covid controls

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Beijing Health Officials Probed for Covid Testing Fraud

The trio were responsible for supervising a lab where testing irregularities were found in an investigation launched earlier

Caixin Global

Shanghai Composite Index Rose 0.23% on Friday

Shenzhen Component Index closed down 0.12%

Caixin Global

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Weekly Must-Read: China’s Plan to Overhaul Its $3.7 Trillion Mutual Fund Industry

Securities authority says the industry should become more diverse and focus on long-term returns

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Q&A Site Zhihu Founder Vows to Slash Red Ink as Losses Grow

The company’s net loss widened 89% to $92 million in the first quarter

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Opinion: AI Has a Role to Play in Climate Change, but It May Come at a Cost

By making more accurate predictions and using resources more efficiently, AI can help reduce climate change, but deep learning models also have drawbacks

Caixin Global

Shanghai Composite Index Rose 0.5% on Thursday

Shenzhen Component Index closed up 0.57%

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China’s Premier Puts Greater Emphasis on Growth

Li Keqiang tells State Council China needs to strike a better balance between pandemic control and economic development as Covid measures weigh on GDP

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Beijing Health Chief Sacked

Yu Luming was placed under investigation by the Communist Party’s graft-buster a month ago

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November Looms Large for U.S.-Listed Chinese Firms Facing Delisting

Nearly 200 firms could be booted from U.S. exchanges if accounting watchdog PCAOB cannot complete its audit investigations into them by that time, an SEC official says

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Fisher: Bullish Vibes Brewing Beneath Covid Woes and Global Pessimism

Plunge into the gap between expectations and reality to catch the bounce

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Shanghai Composite Index Rose 1.19% on Wednesday

Shenzhen Component Index closed up 0.7%

Caixin Global

China’s Foreign Minister to Visit South Pacific Island Nations After Security Pact With Solomon Islands

Wang Yi’s trip will take him to the Solomon Islands, Kiribati, Samoa, Fiji, Tonga, Vanuatu, Papua New Guinea and East Timor

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Beijing Vows to Stamp Out Covid, Transfers Nearly 2,000 People to Neighboring City for Isolation

Chinese Vice Premier Sun Chunlan calls for quicker isolation of the infected and their close contacts as outbreak enters second month

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Exclusive: Davos Photo Used by U.S. Congressman to Criticize China Didn’t Show Anyone Chinese

Figures accused of not standing up during an ovation for the Ukrainian president’s speech at the World Economic Forum were actually from the Vietnamese delegation

Caixin Global

Shanghai Composite Index Fell 2.41% on Tuesday

Shenzhen Component Index closed down 3.34%

Caixin Global

Opinion: Three Ways Tech Innovation Can Help Us Meet Climate Goals

Reaching net zero will require rapid scaling up of existing clean energy solutions, developing new ways to make and store clean energy, and exploring ways to reverse historical emissions

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China Suspends Overseas Tours, Discourages Citizens From Going Abroad

‘Zero-Covid’ policies mean continuation of travel restrictions amid worst pandemic outbreaks in two years, authorities say

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Caixin Global

Exclusive: China’s Climate Envoy Meets With IEA Chief in Davos

Xie Zhenhua describes China’s renewable energy push in response to global climate change during session with Fatih Birol

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Editorial: To Stabilize Employment, Trust the Market

Reforms must be implemented to tackle the challenges ahead, and provide desirable jobs for the majority of the population

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Monday

Shenzhen Component Index closed down 0.06%

Caixin Global

China Merchants Bank Appoints New President in Wake of Corruption Scandal

Wang Liang was made interim head after the lender’s former president was removed in April due to suspected misconduct

Caixin Global

Opinion: A Universal Standard for Sustainability Reporting is Needed for Sustainable Prosperity

A yardstick is required not just to measure and compare progress, but also for companies to hold themselves and others accountable

Caixin Global

CanSino Shares Jump After WHO Gives Nod to Its Covid-19 Vaccine

Tianjin-based company’s stock closes up 12.14% in Shanghai and 9.78% in Hong Kong

Caixin Global

Shanghai Composite Index Rose 1.6% on Friday

Shenzhen Component Index closed up 1.82%

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