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The Latest Breaking News from Caixin

Huawei Appoints Yu Chengdong as Chairman of Smart Car Unit, Sources Say

Jin Yuzhi, who has been head of the tech giant’s optical fiber business since 2019, will succeed Yu as CEO

Caixin Global

Reporters’ Notebook: A China-Backed All-Electric Race Series Could Steer the Global South’s Clean Energy Transition

The launch of the Elite World Cup is part of a broader plan by its founders to ignite the EV sector in South Africa and other developing nations

Caixin Global

Tianjin Public Transit Delays Bus Driver Salaries

Employer of 18,300 delayed wages since June, workers report, spotlighting financial strains amid years of operating losses

Caixin Global

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Beijing District Scraps Price Limits on Pre-Owned Homes

Haidian district, known for prestigious schools, joins a parade of localities dropping price controls to bolster housing sales

Caixin Global

Weekly Must-Read: Why China’s Efforts to Juice Stocks Typically Don’t Last

Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment

Caixin Global

Weekly Must-Read: China’s Offshore Wind Sector Gears Up for Life After Subsidies

Even as individual firms prepare to scrap for local government contracts, analysts say the sector will continue to ride the updraft

Caixin Global

Ex-Boss of Taiping Life Falls Under Graft Investigation

Zhang Ke, who helped quadruple the insurer’s revenue before leaving in 2020, taken away by authorities in Shanghai

Caixin Global

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Top Stories of the Month: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global

Shanghai Composite Index Rose 1.2% on Tuesday

Shenzhen Component Index closed up 2.17%

Caixin Global

AI Specialist SenseTime Is Laying Off More Workers, Sources Say

The software developer has been gradually cutting staff while slowing hiring in recent months, one former worker told Caixin

Caixin Global

Weekly Must-Read: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global

Former Nio Electric Car Rival Singulato Goes Bust

Nine-year-old EV startup enters bankruptcy liquidation without delivering any vehicles

Caixin Global

Weekly Must-Read: How Zhongzhi Became the Latest Chinese Financial Holding Group to Fall

For years, the conglomerate held a reputation as one of the premier private financial holding groups in China, but its problems escalated quickly after the sudden death of its founder, Xie Zhikun, in late 2021

Caixin Global

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

The Independent UK

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The Times of India

China is hiding more and more data from the rest of the world

BEIJING: China’s abrupt decision to pause releasing data on its soaring youth jobless rate this week was the latest sign the Asian giant is increasingly restricting sensitive information — especially when it’s unflattering to the nation’s faltering economy.

Caixin Global

Third-Party Payment Industry Consolidates as Prepaid Card Issuers Exit

Prepaid card issuers suffer as business contracts; some exit as PBOC revokes licenses for failing to meet industry requirements, others drop out

Caixin Global

Shanghai Composite Index Fell 0.25% on Tuesday

Shenzhen Component Index closed down 0.42%

Caixin Global

Weekly Must-Read: Race Is on to Become China’s SpaceX

Chinese startup LandSpace Technology became the world’s first private company to launch a methane-liquid oxygen carrier rocket, leaping ahead of local rivals including GalaxySpace, Chang Guang Satellite and i-Space

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Caixin Global

Weekly Must-Read: China Vows to Create a ‘Bigger, Better, and Stronger’ Private Sector

Measures aim to create a more level playing field for private businesses and entrepreneurs amid sluggish economic growth

Caixin Global

Shanghai Composite Index Fell 0.11% on Monday

Shenzhen Component Index closed down 0.58%

Caixin Global

Weekly Must-Read: U.S. Sanctions Have Been Bad for Huawei, but Worse for Its Chip Design Unit

HiSilicon’s share of the global application processor market for smartphones has been bupkis for four straight quarters since April 2022, analyst report shows

Caixin Global

Local Financial Regulatory Bodies Announce Names Changes in Sweeping Overhaul

Switch affects almost 350 local branches under the now-defunct CBIRC

Caixin Global

Weekly Must-Read: China Looks to Saudi Arabia Amid Shifting Sands in U.S. Economic Ties

A recent flurry of political and business exchanges represents Beijing’s highest-level diplomatic engagement with Arab nations since the founding of the People’s Republic of China

Caixin Global

Six Killed in South China Kindergarten Attack

A 25-year-old male suspect has been arrested in connection with the ‘intentional assault’ in Lianjiang, Guangdong province, authorities say

The Independent UK

Stock market today: Asia sinks after a survey shows China's industrial activity is weakening

Asian stock markets are lower after a survey showed Chinese industrial activity weakening

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