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The Latest Breaking News from China

CALB Taps Into EV Battery Fever With Hong Kong IPO Plan

Key Takeaways: EV battery maker CALB has applied to list in Hong Kong, in what could become the city’s biggest IPO so far this year The company turned profitable last year with net income of 112 million yuan, but spiking material prices are denting its gross margin By Ken Lo

Benzinga

Shineco Plans Private Equity Fund In Partnership With JTYF

Shineco Inc (NASDAQ:SISI) has signed a fund establishment cooperation agreement with Beijing Jin Tai Yuan Feng Investment Management Co Ltd (JTYF). Under the agreement, the parties plan to introduce a life science-focused limited partnership fund in Shandong Province, China. JTYF currently plans to raise RMB200 million for the fund. The fund will invest in…

Benzinga

Global exodus from Chinese markets prompts Xi to change tack

It took one of the biggest stock-market routs in Chinese history, but President Xi Jinping may finally be heeding the concerns of international investors.

Tribune News Service

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Iconic African game to be focus at world wildlife conference

At the World Wildlife Conference in Panama later this year, discussions are expected to center around African wildlife such as elephants, big cats and rosewood trees

The Independent UK

Cango Shifts Gears Into Macro Headwinds, With Eye on NEVs and Car Services

Key Takeaways: Cango reported its fourth-quarter revenue rose sequentially but was down slightly from a year ago, as its newer car-trading services took up a larger portion of the total Company faces a number of macroeconomic headwinds, including pandemic restrictions and a chip shortage that has dampened new car sales…

Benzinga

Xi says improper handling of Taiwan issues will hit China-U.S. ties

Chinese President Xi Jinping told his U.S. counterpart Joe Biden on Friday that the Taiwan issue needs to be handled properly to avoid a negative impact on Sino-U.S. relations, according to Chinese media.

Reuters

Russian oil sale to India complicates Biden's efforts

India is buying discounted Russian oil, allowing it to increase its energy supplies while Russia looks to cut deals to boost its beleaguered economy

The Independent UK

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Biden and Xi hold first call since Russia invaded Ukraine

In the nearly two hour call, Xi told Biden that "conflict and confrontation are not in anyone’s interest."

Axios

Xi tells Biden ‘Ukraine crisis’ is ‘not something we want’ on two-hour call amid fear China will back Russia

‘Peace and security are the most valued treasures of the international community,’ Xi told Biden, per China’s foreign ministry

The Independent UK

QAnon followers believe Trump is purposely pronouncing China wrong in secret Ukraine code

Some QAnon conspiracy theorists think Trump and Putin are working together to out the ‘deep state’ in Ukraine

The Independent UK

Xi tells Biden Russia-Ukraine fighting is in ‘no one’s interest’

Call between two leaders comes amid US concerns that China could aid Russia in its invasion of Ukraine.

Al Jazeera

US Olympics skater Alysa Liu and father among targets in alleged Chinese spying operation

Alysa Liu's father agreed to let her compete at the 2022 Winter Olympics in Beijing, after reportedly being given assurances from the US government and US Olympic and Paralympic Committee that she would be closely protected

Daily Mirror

Woman spends three years watering houseplant - before realising it's made of plastic

The woman from China, said she bought the plant online and "took care of plant like a baby". The succulent had blue-coloured veins which changed colour over the years, leading to her believing it was growing nicely

Daily Mirror

How Russia's 'three-day' Ukraine invasion became Putin's humiliation - full timeline

Since February 24, the Russian invasion has received international condemnation as the world rallies behind the Ukrainian people and President Volodymyr Zelensky as they continue their fierce resistance

Daily Mirror

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Los Angeles Times

Not everyone wants to make Putin an economic pariah over the Ukraine war

Soon after Russia’s army pushed in to try to seize control of Ukraine, Maria Zakharova, the bellicose Foreign Ministry spokeswoman in Moscow, insisted that her country still had plenty of friends in the world.

Benzinga

Benzinga's Daily Brief On Trending Tickers For March 18, 2022: GameStop, Tesla, AMC Entertainment And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks. The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.

Benzinga

UP Fintech Registers 32% Revenue Growth In Q4

UP Fintech Holding Ltd (NASDAQ:TIGR) reported fourth-quarter FY21 revenue growth of 31.7% year-on-year to $62.2 million, beating the consensus of $52.8 million. Segments: Commissions were $29.9 million, up 18.3% Y/Y. Financing service fees were $2.3 million, up 44.5% Y/Y. Interest income was $20.3 million, up 73.5% Y/Y. Drivers: The total account balance rose 7.1% Y/Y…

The Times of India

All England Championships: Gayatri-Treesa sail into semis, Lakshya Sen gets a walkover in last eight

Teen shuttlers Gayatri Gopichand and Treesa Jolly and 20-year-old Lakshya Sen sailed into the semifinals of the prestigious All England Badminton Championships in Birmingham on Friday.

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The Conversation

Russia's energy clout doesn't just come from oil and gas – it's also a key nuclear supplier

As Western nations look for ways to reduce their reliance on Russian oil and gas, another aspect of the Ukraine crisis has received less attention: Most of the 32 countries that use nuclear power rely on Russia for some part of their nuclear fuel supply chain.

Caixin Global

Ling Huawei: Trillion Yuan Profit Transfer Shouldn’t Blur Line Between Central Bank and Finance Ministry

The practice of monetizing fiscal deficits is inappropriate for a country still in the process of establishing a modern fiscal system and modern central banking system

The Independent UK

The most controversial Met Gala themes of all time OLD

From punk and China to Catholicism

The Conversation

Ukraine: why China is not yet bailing out Russia

As Russia’s war in Ukraine continues, China’s role has been thrown into sharp relief. Prior to the war, some commentators suggested that China would openly side with Russia or seek to act as a mediator – so far Beijing appears to have resisted doing either.

Caixin Global

China Hikes Fuel Prices for the Sixth Time This Year

The NDRC raises the price of gasoline by 750 yuan per ton and diesel by 720 yuan per ton as Russia’s war on Ukraine continues

The Independent UK

Hong Kong's COVID infections exceed 1 million amid outbreak

Hong Kong’s total coronavirus infections have exceeded 1 million and the number of related deaths has topped those in mainland China, as the city grapples with a widespread outbreak

The Guardian - UK

First Thing: Biden to warn Xi against backing Putin

Leaders of China and US will hold first phone call since invasion of Ukraine. Plus, carcinogenic chemical found in 27% of US personal care products

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