Caixin
Jul 02, 2021 04:14 PM
WEEKLY MUST-READ

Weekly Must-Read: It’s Time to Declare War on Cryptocurrency

# Opinion #

Editorial: It’s Time to Declare War on Cryptocurrency

The central bank’s recent orders to financial institutions to stop crypto-related services mark an escalation in the battle, but the law needs to change to ensure the current crackdown has a lasting effect

# Cover Story #

How Covid Is Altering International Sports

Dramatic format changes foreshadow the future for multibillion-dollar mega events as Euro 2020 and the Olympics resume amid the pandemic

# Business & Tech #

China’s Chip Investment Moves Ahead Full Throttle

New report says 164 Chinese semiconductor companies raised $6.2 billion in the first five months of 2021, already meeting 2019’s full-year total

Investors Stay Bullish on Battery-Maker CATL Amid Tie-Up With Tesla

Enthusiasm for electric-car stocks undimmed by the U.S. carmaker’s recall of 300,000 vehicles in China

# Finance #

In Depth: Hong Kong-Mainland Deal Opens Door to Solving China’s Cross-Border Bankruptcy Issues

Agreement could eventually make it easier for both domestic and foreign creditors to claim an insolvent company’s overseas assets

Exclusive: Tencent Eyes Controlling Stake in Sino-Japanese Insurer

A 70% interest in Great Wall Changsheng Life Insurance has been put up for sale for about $600 million

# Chart #

Charts of the Day: Foreign Investors Love China’s Multitrillion-Dollar Mutual Fund Market

Total net asset value increased by $787 billion in 2020, the fastest pace on record

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# Energy Insider #

Carbon Market to Expand to Eight Industries

China’s national carbon trading market is likely to expand to cover industries such as cement and aluminum next year

# China #

Ancient Skull Discovered in China Represents New Human Species, Scientists Say

The discovery of 146,000-year-old ‘Dragon Man’ sheds new light on human evolution

In Depth: Wild Elephant Trek Traced to Shrinking Habitat, Experts Say

Deforestation and expansion of rubber plantations has forced wandering herd to migrate further from home

# Weekend Long Read #

Terminally Ill Patients Need More Than Medicine

China suffers an acute shortage of hospice care. More resources and better education about death are needed to ease the pain of the dying

# Podcast #

A Big Step Toward Solving Cross-Border Bankruptcy Issues

New deal could make it easier for foreign creditors to claim assets on the mainland; Shenzhen moves ahead with legislation that could soon get self-driving cars on the roads; and the stock price of battery-maker CATL hits an all-time high

# Caixin Summer Summit 2021 #

crypto

Klaus Schwab Advocates New Business Approach

Founder of World Economic Forum argues that companies need a broader metric than short-term profits and need to provide for all stakeholders including society

China, EU Set to Agree on Green Finance Definitions by Year-End, Official Says

China’s recent move to update its green bond classification scheme helps align country with stricter global standards

Bank Regulatory Official Warns of Inflation’s Impact on China’s Businesses

CBIRC’s Yu Xuejun urges lenders to prepare to deal with any potential fallout from growing inflation

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