Weekend Long Read: How ADB Engaged With AIIB
Takehiko Nakao, the former chief of the development bank, recalls the early days of its China-backed peer, how they worked together and the differences in their rationale
In Depth: Why Kazakhstan’s President Is Bent on Weakening His Office
Kassym-Jomart Tokayev, whose predecessor ruled for nearly 30 years, is pushing constitutional reforms to take power out of the hands of the executive
Few Chinese Developers Qualify for New Bond Guarantee Program, Industry Sources Say
While the pilot could provide a short-term lifeline for some, it’s uncertain how many private property companies have the required collateral
China Foreign Minister Urges U.S. to Clearly Denounce Taiwan Separatist Activities
Wang Yi tells U.S. Secretary of State Antony Blinken that relations between the two nations are at a ‘critical juncture’
Beijing’s $7 Billion Sale of Land-Use Rights Attracts Only One Private Developer
Longfor Group joins auction dominated by state-owned enterprises as most cash-strapped private real estate companies stay on the sidelines
China Construction Bank to Set Up $4.2 Billion Fund to Buy Properties
Fund to ‘invest in existing assets‘ as policy makers seek to contain real estate crisis
Sep 24, 2022 05:17 PM
Central Bank Warns of Telecom Scams Involving Digital Yuan
Mu Changchun, head of Digital Currency Research Institute, discusses risks and prevention measures in Modern Bankers journal article.
Sep 24, 2022 03:09 AM
China Could Throw $501 Billion at the Real Estate Debacle
Analysts estimate the government could scrape up more than enough money to resolve a crisis that’s dragging on the economy
Sep 24, 2022 02:56 AM
China’s Spot Soymeal Prices Jump to Record in Sign of Shortage
Rally could drive up costs for hog farmers and spur higher pork prices just as Beijing is fighting inflation pressures
Sep 24, 2022 02:53 AM
Fast Expanding Budget Milk Tea Chain Mixue Brews 6.5 Billion Yuan Shenzhen IPO
Mixue opened 12,700 stores in the first two years of the pandemic, turning a 1.9 billion yuan profit in 2021
Sep 23, 2022 08:59 PM
Analysis: China’s Provinces All Posted First-Half Deficits. Does it Really Matter?
Many see the deficits as a consequence of the broader slump in China’s economy, which grew at its slowest pace since early 2020 in the second quarter
Sep 23, 2022 08:59 PM
Caixin China Biz Roundup: Rape Allegations at Acting School Spark Uproar
More than 20 people have accused the school’s head of sexual assault and harassment; Hong Kong’s IPO market takes a hit; and China introduces subsidies to support those in need as inflation accelerates
Sep 23, 2022 08:56 PM
Tech Insider: Nvidia CEO Touts Alternatives for China, XPeng Reduces Reliance on CATL
Trip.com returns to profit despite revenue drop, Shopee cuts jobs across Asia
Sep 23, 2022 08:41 PM
Gallery: Hangzhou Airport Blooms
The phase 3 expansion officially opened to the public on Thursday, ahead of the postponed Asian Games, which will be held in the Zhejiang province capital in September next year. The extension includes a fourth terminal, a transportation center and other facilities. With an investment of over $3.9 billion, the airport is now the second largest aviation hub in East China
Sep 23, 2022 08:35 PM
New Bail Rules Issued to Protect Suspects From Pretrial Detention
The amendment fits with a criminal justice system aiming for fewer arrests, cautious prosecution and prudent detention, authorities say
Sep 23, 2022 07:52 PM
Ex-Vice Public Security Minister Sun Lijun Gets Suspended Death Penalty
Sun’s crimes include taking bribes worth $91 million, manipulating the stock market and possessing firearms. His punishment follows the sentencing of five other former top security officials linked to his case
Sep 23, 2022 07:07 PM
Hong Kong Ends Hotel Quarantine in Biggest Covid Shift Yet
Incoming travelers will still be tested and barred from restaurants for three days, city’s leaders says
Sep 23, 2022 05:50 PM
Singapore Overtakes Hong Kong as Asia’s Top Financial Hub
The city-state is ranked third in a list of global financial centers, while Hong Kong has slipped to fourth
Sep 23, 2022 03:59 PM
Japan Steps In to Support the Yen for the First Time Since 1998
The currency has tumbled around 20% against the dollar this year as hedge funds have piled into short bets
Sep 23, 2022 03:55 PM
Weekly Must-Read: How China’s Insurance Industry Is Slowly Opening to the Sick
Increasing numbers of Chinese insurers are launching health insurance policies targeting people with chronic illnesses, which make up as much as one-fifth of China’s population
Sep 23, 2022 03:46 PM
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