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

TOP STORIES

: In Depth: How a Ponzi Scheme Fleeced China’s Elderly
Shanhai Group lured isolated seniors with complimentary trips and feigned affection, building a 24.4 billion yuan illegal fundraising empire

: Exclusive: Chinese Supertankers Take Africa Detour to Avoid Red Sea Attacks
State-owned vessels resume loading Saudi crude via an Egyptian pipeline, adding thousands of miles and an extra month to avoid Houthi attacks

Exclusive: First Chinese Supertanker Loads Saudi Crude via Red Sea, Bypassing Strait of Hormuz
Red Sea Tanker Traffic Slumps as Houthi Attacks Disrupt Saudi Oil Route

In Depth: China Hunts for a New Auto Engine

As car sales suffer their sharpest drop among consumer goods, Beijing turns its focus from purchase incentives to lowering the cost of driving and repairing vehicles

: Unitree Robotics Prices Shanghai IPO at 61 Billion Yuan Valuation
Profitable robotics maker wins backing from DeepSeek as Chinese embodied-AI startups hurry to raise capital ahead of a possible sector shakeout

In Depth: Dangdai Founder Ai Luming Detained as Probe Into Debt Crisis Widens

Authorities are expanding scrutiny of the once-sprawling Wuhan conglomerate from illegal fundraising to its ties with banks, brokerages and local officials

INSIGHT

In Depth: Thai Buddhist Amulets Draw China’s Anxious Youth — and Laundering Networks

Cover Story: China’s Power Market Enters a More Volatile Era as Prices Go Real Time

Analysis: How Active ETFs Will Reshape Asset Management in China

Caixin Explains: How China Plans to Pay for Its Urban Renewal Push

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Darers & Doers Podcast: Making Solar Power Work Smarter

Jul 31, 2026 04:23 PM

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LATEST NEWS

: Former Chengdu Judge Expelled Over Corruption, Secret Lawyer Registration
Former Chenghua District Court chief Wang Zexuan has been dismissed and referred for prosecution after authorities alleged bribery, judicial interference and the rare violation of secretly maintaining a practicing lawyer’s license
Aug 07, 2026 11:20 AM

: China’s New Environmental Code Puts Focus on Corporate Remediation
Supreme People’s Court says new rules will govern continuing violations and encourage polluters to address harm
Aug 07, 2026 10:47 AM

: Weekly Must-Read: China’s Power Market Enters a More Volatile Era as Prices Go Real Time
As spot trading spreads and renewable capacity surges, China’s move toward market-based electricity pricing is bringing sharper price swings, higher balancing costs and new strains for power retailers, generators and industrial users
Aug 07, 2026 10:00 AM

: CX Daily: How a Ponzi Scheme Fleeced China’s Elderly
Shanhai Group lured isolated seniors with complimentary trips and feigned affection, building a 24.4 billion yuan illegal fundraising empire
Aug 07, 2026 09:00 AM

: Bain Capital to Buy Gong cha as Bubble Tea Chain Refocuses Overseas
The acquisition comes as Gong cha, after retreating from the Chinese mainland, seeks growth in overseas markets while facing intensifying competition from rapidly expanding rivals
Aug 07, 2026 12:33 AM

: Chinese Auto Brands Gain Ground in Australia as EV Sales Jump
Record July car sales and a sharp rise in battery-electric deliveries underscored a turning point in Australia’s import-dependent auto market, where Chinese manufacturers are challenging established incumbents
Aug 07, 2026 12:02 AM

: Tech Brief (Aug. 6): U.S. Drafts Ban on Chinese Optical Modules, Exposing Mutual Supply Chain Risks
MiniMax shares surge after joining Hong Kong Stock Connect, Unitree IPO opens with bids implying up to 55 billion yuan valuation
Aug 06, 2026 07:44 PM

: In Depth: Former Shanxi Richest Man Indicted on Mafia, Casino Charges
More than a year and a half after his arrest, Zhang Xinming, once the richest man in Shanxi province, faces a sweeping indictment that details a sprawling empire built on illegal mining, casino operations and deep-seated corruption
Aug 06, 2026 07:01 PM

: In Profile: The Reclusive Architect of Shein’s Global Rise
Founder Xu Yangtian built the company into the world’s largest online fast-fashion platform by marrying China’s manufacturing prowess with a data-driven supply chain
Aug 06, 2026 06:49 PM

: China’s July Economy Seen Uneven as Exports Offset Weak Investment
Economists forecast slower industrial output and a wider decline in fixed-asset investment, though retail sales and trade likely continued growing
Aug 06, 2026 05:47 PM

: MiniMax Shares Surge After Joining Hong Kong Stock Connect
The AI model developer’s stock rose as much as 22.8% during the trading day, offering a reprieve from a recent selloff after its IPO lock-up period expired
Aug 06, 2026 04:14 PM

: Middle East Conflict Sparks Solar Power Boom in Southeast Asia
Import-reliant nations from Thailand to the Philippines are rolling out emergency decrees and rushing to subsidize rooftop solar panels to cut reliance on pricey fossil fuels
Aug 06, 2026 03:39 PM

: Yuan Advances to Three-and-a-Half-Year High
The onshore yuan opened above 6.75 per U.S. dollar on Thursday, supported by cooling U.S. inflation data and solid domestic trade figures
Aug 06, 2026 02:32 PM

: Business Brief (Aug. 6): China Announces Trade Countermeasures Against the U.S.
Moonshot AI seeks $50 billion valuation in new funding round, Chinese mainland tax authorities begin levying returns from offshore insurance policies
Aug 06, 2026 12:30 PM

: China Tax on Offshore Insurance Returns Triggers Prudential, HSBC Selloff
Cases involving a 20% levy raise concerns that tighter enforcement could weaken mainland demand for Hong Kong insurance products and hurt insurers’ growth
Aug 06, 2026 12:00 PM

: CX Daily: China Hunts for a New Auto Engine
As car sales plummet, Beijing turns its focus from purchase incentives to lowering the cost of driving and repairing vehicles
Aug 06, 2026 09:00 AM