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The Latest Breaking News from Caixin Global

Weekly Must-Read: What’s Behind China’s Spending Slump

Dwindling confidence among consumers, businesses, local governments and other organizations is weighing on a focal point of the country's efforts to revive its slowing economic growth

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Shanghai Composite Index Fell 0.27% on Thursday

Shenzhen Component Index closed down 0.82%

Caixin Global

Former Vice President of China Merchants Bank Falls Under Probe

Ding Wei, 67, is suspected of severe violations of law and discipline by anti-corruption watchdog

Caixin Global

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Shanghai Composite Index Fell 0.35% on Wednesday

Shenzhen Component Index closed down 0.28%

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Huawei’s Smart Car Unit Valued $16 Billion After Investment From Avatr

Avatr buys in to Yinwang to utilize its smart car technologies and talent

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Former Chinese Soccer Association Vice President Gets 11 Years in Sweeping Graft Crackdown

Li Yuyi, who accepted some $1.7 million in bribes, is among a quartet of soccer officials sentenced for corruption this week

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Shanghai Composite Index Fell 0.93% on Tuesday

Shenzhen Component Index closed down 1.24%

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Visa Waivers See Foreign Tourists Flocking Back to China

Big leap in visitor numbers to China but still not back to pre-Covid levels

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Shanghai Composite Index Rose 0.49% on Monday

Shenzhen Component Index closed up 0.08%

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Malaysian Police Bust Gang Who Kidnapped Chinese National

The criminal ring forced the family of the man abducted near Kuala Lumpur to pay a ransom of nearly $1.2 million

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Struggling Autonomous Trucking Company Turns to Making ‘Three-Body Problem’ Movie With AI

U.S.-based startup TuSimple says it will work with a Shanghai company on the production of an animated film and video game based on the popular novel series

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Shanghai Composite Index Rose 0.07% on Friday

Shenzhen Component Index closed down 0.24%

Caixin Global

Weekly Must-Read: Fixing China’s Trade Imbalance Needs a Home Remedy

The growing trade surplus underscores structural issues within China’s economy, which experts say can be fixed by intensified government efforts to boost domestic consumption

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Ex-Leader of Scandal-Plagued Province Pleads Guilty in $113 Million Bribery Case

Sun Zhigang, a former Communist Party chief of Southwest China’s Guizhou, is accused of taking advantage of his positions to help others get project contracts and develop real estate, a court says

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.94% on Thursday

Shenzhen Component Index closed up 0.71%

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Nanchang State Firm Takes Control of Private Lender Yumin Bank

Acquisition marks the first time a state-owned company has taken control of a Chinese private bank

Caixin Global

Former Provincial Governor Gets Suspended Death Sentence for Bribery

Li Zaiyong took advantage of his positions to help others get project contracts and land acquisition approvals in exchange for over $60 million in bribes, court says

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Shanghai Composite Index Fell 0.6% on Wednesday

Shenzhen Component Index closed down 1.17%

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news in one place.

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Caixin Global

Country Garden Services Expects 30% Profit Drop as Property Downturn Drags On

Property managers’ slight increase in first half revenue is accompanied by a significant drop in net profits

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Unmarried Woman Who Sued Hospital for Refusing to Freeze Her Eggs Loses Appeal

A Beijing court upheld the verdict that the hospital did not break any laws when it made its decision based on her marital status

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Shanghai Composite Index Rose 0.34% on Tuesday

Shenzhen Component Index closed up 0.43%

Caixin Global

Smart Driving Startup Horizon Robotics Cleared for Hong Kong IPO

BYD-backed autonomous driving provider plans to issue 1.15 billion shares in IPO

Caixin Global

Shanghai’s Former State-Owned Asset Manager Chief Pleads Guilty to Bribery

Bai Tinghui accepted over $12 million in return for exploiting his positions to help others secure project contracts, settle payments and manage company operations

Caixin Global

Shanghai Composite Index Fell 0.14% on Monday

Shenzhen Component Index closed down 0.24%

Caixin Global

Weekly Must-Read：China Moves to Raise Retirement Age to Bolster Workforce, Ease Pension Pressure

Nation needs more workers to offset falling birthrates and ballooning retiree population

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