Sep 22, 2021 09:18 PM

Ant Group Consumer Lending Platform Starts Handing Over Data to PBOC, Rent-Free Decade for South Koreans With Two Kids

Here is today’s ranking of the 10 most-read news stories in China, in economics, finance and current affairs, to help give you a sense of what’s trending in the Chinese language sphere.

Chinese social media users have been paying close attention to the first set of implementation rules for the country’s Supervision Law. They are also following news about the grand opening of the Universal Beijing Resort.

1.Alipay’s Huabei integrated into central bank’s credit reporting system

Alipay’s consumer credit platform Huabei (external source, in Chinese) said Wednesday that it will be integrated into the central bank’s credit reporting system.

2. South Korean community exempt rents to encourage new births

To tackle the country’s low fertility rate, a community in South Korea’s South Chungcheong province offers couples that have two children free rent for up to a decade (external source, in Chinese).

3. Hong Kong tycoon Li Ka-shing to sell Shanghai asset

Hong Kong billionaire Li Ka-shing will sell his asset (external source, in Chinese) — an office building in Shanghai’s Jing’an district — for 3.5 billion yuan ($541 million) to Hong Kong real estate enterprise Hysan Development Co. Ltd., according to a Friday notice issued by Hysan.

4. Luckin offers millions to settle lawsuit

The Chinese coffee chain Luckin Coffee Inc. said Wednesday that it has offered $187.5 million to settle all claims in a U.S. securities class action lawsuit filed last year over its accounting fraud.

5. Universal Beijing Resort opens to public

The Universal Beijing Resort had its grand opening on Monday, the second day of the three-day Mid-Autumn Festival holiday.

Photo: VCG

6. Foxconn recruits 200,000 workers ahead of Apple’s iPhone 13 sales

Apple Inc.’s manufacturing partner Foxconn Technology Co. Ltd. has “urgently” recruited 200,000 people (external source, in Chinese) at a factory in the Central Chinese city of Zhengzhou to assemble the new iPhone 13, which will officially go on sale on Friday, according to state-run broadcaster CCTV.

7. U.S. death toll from Covid-19 exceeds that of 1918 flu pandemic

In the U.S., the number of deaths from Covid-19 exceeded the estimated death toll of 675,000 from influenza during the 1918 pandemic, local media reported. The country’s population is more than three times larger now. The coronavirus had killed more than 678,000 Americans (external source) as of Wednesday, according to data from Johns Hopkins University.

8. Chinese mainland bans imports of two Taiwanese fruits

The Chinese mainland decided Monday to suspend the import (external source, in Chinese) of two tropical fruits — wax and sugar apples — from Taiwan after customs repeatedly detected pests in the fruits, according to a notice issued by the General Administration of Customs.

9. Developer R&F Properties to sell services unit for $1.5 billion

CG Property Services HK — a unit of Country Garden Holdings Co. Ltd., China’s largest property developer by total sales — will acquire Wealth Best Global from a subsidiary of Guangzhou R&F Properties Co. Ltd. for up to 10 billion yuan, according to a filing to the Hong Kong Stock Exchange on Monday.

10. Graft watchdog lists 101 crimes that will get officials investigated under new law

China’s top graft watchdog has issued its first set of implementation rules for the country’s Supervision Law, listing 101 duty-related crimes that supervisory authorities should investigate, including corruption, bribery and abuse of power.

Translated by reporter Wang Xintong and Cai Xuejiao.

Caixin has not independently verified the veracity or accuracy of all of the headlines or stories.

The daily ranking of most-read news stories among Chinese people, about China and global affairs, is jointly provided to you by Caixin Insight and HANA Data, an artificial intelligence technology team.

The key indicators calculated on the list are based on mass data sourced from China’s mainstream social media platforms and online news websites. Click here for a detailed introduction of our methodology.

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