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High-Tech Board
Shanghai’s new high-tech board will be a testbed for policies to overhaul outdated stock market rules. Changes to the initial public offering system and a relaxation of listing requirements will finally open domestic equity markets to fast-growing companies in emerging and high-tech industries.
In Depth: China’s New Tech Board Takes Off for Long-Term Mission
As first-day fireworks calm down, STAR Market must still pioneer long-sought updates for China’s stock markets
Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe
Jailed UBS banker banned from Hong Kong’s securities industry for life, former Bank of China executive investigated for suspected corruption
Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade
Economists argue an offshore yuan stablecoin could offer a viable alternative to the dollar
CICC Picks Company Veteran as New President
Wang Shuguang has played a pivotal role in expanding the investment bank’s target clients from state-owned enterprises to private companies and startups
CICC Picks Company Veteran as New President
Wang Shuguang has played a pivotal role in expanding the investment bank’s target clients from state-owned enterprises to private companies and startups
Commentary: To Fuel Its Future, China Must Open Up Services
Beijing’s service industry has grown slowly in recent years, lagging behind historical trends. Now, policymakers are focusing on institutional opening and aligning with international standards to unlock new economic momentum
Caixin Weekly | The Diminishing Allure of the Golden Rice Bowl for Programmers
US computer science graduate unemployment rates rose to 6.1%–7.5% in 2025, with tech layoffs (Meta, Microsoft, etc.) impacting job prospects; over 57,000 US tech jobs were cut by May 2025. Despite high competition and AI’s emergence, the median US computer-related salary remains ~$106,000 annually, and long-term demand is still forecasted to grow. Chinese students in the US and domestic graduates face stiff job markets, as recruitment shifts to AI/high-tech roles with higher requirements, and job stability concerns rise in both countries.
In Depth: Humanoid Robots Need a Job
Despite a lot of investor enthusiasm, high prices and technological limitations are keeping mass adoption of the robots well over the horizon
CX Briefing: Consumer Inflation Levels Off
Also in today’s rundown: Nvidia says it complies with Washington’s rules following rumors it agreed to give a portion of its China sales revenue to the U.S. government, Russian leader Vladimir Putin briefs President Xi Jinping
Veteran Chinese Banker, Mideast Dealmaker Team Up to Bet on Emerging Markets
With the backing of Middle Eastern sovereign wealth funds, BlueFive Capital is targeting opportunities in emerging industries and growth markets in the Global South
Cover Story II | Restarting IPOs for Unprofitable Companies
China’s securities regulators have reopened IPO access for unprofitable “hard tech” firms on the STAR Market via the fifth listing standard, with new rules for institutional investor participation and pre-IPO review, marking a shift after a two-year pause. Since STAR Market’s 2019 creation, 54 unprofitable firms have listed; as of July 2025, 22 became profitable, but risks remain as 16 broke issue price post-listing, reflecting market uncertainty and stricter scrutiny. The reforms signify deeper registration-based IPO system marketization, focusing less on profitability, more on disclosure, and aim to balance innovation support with investor risk controls.
In Depth: China Reopens the Door for Loss-Making Tech Startups to Go Public
Reopening STAR Market to companies that haven’t turned a profit shows Beijing is ready to embrace risk in pursuit of innovation
CX Daily: Sinovac’s Covid Fortune Fuels Bitter Boardroom Battle
China moves to further develop Hainan as a free trade port. U.S. visa scrutiny prompts Chinese students to scrub social media.
Weekend Long Read: ‘De Facto Orphans’ Find a Home — for Now
In rural China, one man’s nonprofit cares for children with parents who either can’t or won’t care for them. But as donations dry up, it faces a crisis
CX Daily: India’s Sputtering Efforts to Boost Manufacturing Investment
China tightens export rules to protect its lead in lithium battery tech. The country’s sellers turn to Russia’s e-commerce market.
Apple Supplier Lens Technology Soars on Hong Kong Debut Amid IPO Boom
$600 million debut ranks Lens IPO as Hong Kong’s fifth largest this year
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