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

Caixin China Biz Roundup: Rape Allegations at Acting School Spark Uproar
Sep 23, 2022 08:56 PM

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 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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