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Mixed Ownership Reform
China tries partial private ownership for some of its biggest state-run firms, seeking to make them more dynamic and ensure their long-term survival.
5 Things to Know About China’s Mixed-Ownership Reform
Pilot program to make big state-run enterprises more dynamic differs from previous efforts by selling stakes to strategic investors
Hillhouse to Cut Gree Stake in First Move Since Landmark Buyout
Private equity firm may raise over 4 billion yuan to repay loans tied to 2019 leveraged acquisition as appliance maker lags rivals
Analysis: The Cross-Border Legal Scramble to Represent China’s Crypto Fraud Victims
From colossal U.K. firms like Fieldfisher to Chinese giants like Yingke and Duan & Duan, legal teams are forming unprecedented alliances to secure the ‘lead counsel’ role in England’s largest-ever crypto seizure case
In Depth: Vanke’s Debt Spiral Reveals Limits of China’s Real Estate Backstop
The once-stable developer narrowly avoided default with emergency extensions and state support—but deeper financial trouble looms
CX Daily: China’s Kiwi War Pits a Patent Against a Plant’s Pedigree
A lawsuit over a popular golden kiwifruit has grown into a dispute over sovereignty, intellectual property, and the fruit’s origins
In Depth: Ousted PE Executive Tests Power and Profit Sharing in China’s Mixed-Ownership Funds
Despite court wins, Mao Jiangtao, a former PE manager remains locked out as profit dispute drags on
Vanke Calls Second Bondholder Vote on Bond Extension as Default Deadline Looms
Developer has scheduled a second bondholder vote to extend a 2 billion yuan note, after its first proposal failed
China Major Brokerage Huatai Set to Get New Chairman, Sources Say
Wang Huiqing named Communist Party committee chief ahead of board vote
Analysis: Vanke’s Extension Plan Sparks Fresh Jitters in China’s Bond Market
The move underscores rising liquidity pressure and fading expectations of government support, even as systemic contagion remains limited
Vanke Seeks One-Year Extension on 2 Billion Yuan Note as Liquidity Tightens
The developer wants to push a December maturity to 2026 with no upfront payment — a tougher ask than many distressed peers
Exclusive: Suning’s $28 Billion Restructuring Plan Tests China’s Approach to Corporate Failure
Most debts will be converted into trust shares, with founder Zhang Jindong retaining limited control as creditors await uncertain recoveries
Cover Story: Trade War Deepens as U.S. and China Open New Fronts at Sea and in Silicon
From rare earths to AI chips, the two superpowers are rebuilding supply chains for a long economic war
Cover Story | The Truth Behind the Wahaha Inheritance Dispute: A Prolonged Battle Involving Multiple Parties, Far More Than a Palace Intrigue
Wahaha faced leadership turmoil after founder Zong Qinghou’s 2024 death, with daughter Zong Fuli’s succession challenged in court by three half-siblings over $1.8 billion in suspected offshore trust assets. Under Zong Fuli, key management, employee contracts, and company profits shifted to her-controlled entities, triggering internal opposition and over 50 employee lawsuits about equity and benefits. The succession dispute and corporate power struggle have exposed complex family dynamics, offshore wealth, and governance issues in one of China’s iconic consumer brands.
Commentary: Wahaha Saga Exposes Cracks in China’s Mixed-Ownership Model
As the battle for control of the beverage giant ensues, its largest shareholder, a state-owned entity, remains as quiet as ever. This silence is revealing underlying contradictions in the firm’s ownership structure
Caixin Weekly | The Battle for Control of British Steel
In April 2025, the UK Labour government enacted emergency legislation to take control of British Steel, then fully owned by China’s Jingye Group, to safeguard national industrial interests amid sustained losses over £1 billion since 2020. The intervention follows failed subsidy negotiations, with the government offering £500m versus Jingye’s reported £1.2bn demand; British Steel remains operationally controlled by the government, but not nationalized. The takeover highlights Britain’s struggle to modernize its steel sector amid rising costs, outdated infrastructure, and geopolitical tensions, raising concerns over investor confidence and future strategic industry policy.
The Downfall of a Once Thriving Career: The Investigation of Jiang Chaoliang
Jiang Chaoliang, a former financial executive and Hubei Party Secretary, is under investigation for serious disciplinary violations, stirring public interest due to his prominent past roles in both finance and local government. His handling of the COVID-19 outbreak in Wuhan during his tenure as Hubei's Party Secretary drew criticism, leading to his replacement amid dissatisfaction with his crisis response. Allegations link Jiang to relationships possibly connected to financial scandals, though specifics remain unclear, and recent attention on the Wuhan Kingold fake gold case has highlighted further controversies in the region.
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