Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

: In Depth: Has China’s Monetary Policy Reached Its Limit?
Structural changes in the economy and weak demand for credit are limiting the effectiveness of interest rate cuts and other monetary policy tools

: China Announces Tax Breaks to Kick Start Personal Pensions Market
New policies to exempt contributions and lower levies on withdrawing funds are aimed at boosting participation as the country tries to shore up a flagging pension system

As debt-laden property developers retreat from the land market, local governments are looking for solutions to reverse a revenue slump

: Anxin Revives Trust Business as Revamp Nears End
Regulators lift freeze on troubled company’s core revenue source following government bailout and three-year overhaul

PBOC Launches $27.6 Billion Credit to Support Business Upgrades

Central bank lending program responds to State Council order to support equipment improvements as part of efforts to bolster the economy

Caixin China Biz Roundup: Rape Allegations at Acting School Spark Uproar

Sep 23, 2022 08:56 PM

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: Gallery: Ancient Fish Fossils Reveal Evolutionary History
A collection of fish fossils unearthed in Southwest China has shone new light onto the evolution of vertebrates with jaws, including humans. The research, published in the journal Nature, analyzes recently discovered species dating back more than 430 million years. The researchers, led by Zhu Min from the Chinese Academy of Sciences’ Institute of Vertebrate Paleontology and Paleoanthropology, also presented the oldest teeth ever found from a jawed vertebrate
Sep 29, 2022 04:26 PM

: CATL Plans $1.9 Billion Battery Project in Central China
The firm will raise up to 10 billion yuan in China’s interbank bond market to fund the construction in Henan province, which will take up to three years
Sep 29, 2022 04:24 PM

: Goldman, Morgan Stanley CEOs Commit to Hong Kong Banking Summit
The summit is seen as a step toward showing the financial hub is open for business, after more than two years of strict Covid travel requirements
Sep 29, 2022 04:21 PM

: PBOC Warning on Speculation Sparks First Yuan Gain in Nine Days
The People’s Bank of China late on Wednesday issued a strongly-worded statement saying that speculators will definitely lose money in the long term
Sep 29, 2022 04:18 PM

: Shanghai Composite Index Fell 0.13% on Thursday
Shenzhen Component Index closed up 0.18%
Sep 29, 2022 03:03 PM

: CX Daily: Has China’s Monetary Policy Reached Its Limit?
China announces tax breaks to kick start personal pensions market. Universities around the nation cut the upcoming National Day holiday short
Sep 29, 2022 09:15 AM

: Merck in Deal With Sinopharm to Bring Covid Antiviral to China
Drugmakers consider technology transfer to crank up production once the treatment wins regulatory approval
Sep 29, 2022 03:31 AM

: China Construction Bank to Set Up Consumer Finance Unit
State-owned banking giant’s new $835.9 million business joins similar lending platforms set up by Bank of China and Postal Savings Bank of China
Sep 29, 2022 03:26 AM

: How Singapore and Hong Kong Stack Up as Financial Centers
As Hong Kong moves to end its Covid isolation, the city retains advantages in equities, pay and forex, while Singapore leads as a wealth center
Sep 29, 2022 03:19 AM

: China Warns Speculators Not to Bet Against the Yuan
Central bank steps up jawboning defense as the currency drops to its lowest value against the rampant dollar in 14 years
Sep 29, 2022 03:13 AM

: Toyota, Hyundai to Sell Hydrogen-Fueled Passenger Cars in China
The auto giants’ plans mark a shift for the Chinese market, which has so far been dominated by commercial vehicles
Sep 28, 2022 08:58 PM

: Director of Onetime Apple Camera Module Supplier Detained in Zhejiang
Cai Gaoxiao, brother of founder Cai Rongjun, has resigned and is being held by police over ‘personal case,’ firm says
Sep 28, 2022 08:46 PM

: Gallery: Foul Play Suspected in Gas Pipeline Leaks
Europe is investigating what it calls likely sabotage after gas leaks were discovered in the waters above the Nord Stream twin pipelines near the Danish island of Bornholm. A cornerstone of Europe’s energy supply, the Nord Stream projects transport natural gas from Russia to Germany under the Baltic Sea. But some Central and Eastern European countries have in the past raised concerns that Russia could wield the pipelines as a geopolitical tool
Sep 28, 2022 08:11 PM

: Gallery: Shanghai Library Unveils Dazzling New Branch
Shanghai Library East, located in Pudong New Area, officially opened to the public on Wednesday. The Danish-designed facility spans 115,000 square meters and, as one of the city’s newest cultural landmarks, expects to receive 4 million visitors a year
Sep 28, 2022 08:07 PM