Caixin
Oct 04, 2021 10:00 AM
FINANCE

Holiday In-Depth Reads — China’s Toughening Financial Regulations

Caixin Global strives to bring you insightful news and analysis on key economic and financial developments in China, both in our daily stories and in-depth features. This year has been no exception, with reports on a slew of government efforts to tackle “too-big-to-fail” risks arising from reckless expansion of traditional financial institutions and rising fintech giants. We’ve also extensively covered Beijing’s intensifying cryptocurrency crackdown, which has sent tremors through the crypto world.

On the economy, “common prosperity” has become the latest buzzword that reflects the vision of top policymakers about the next stage of development for the world’s second-biggest economy. Meanwhile, China’s launch of the world’s largest carbon market as part of its low-carbon transition efforts has also drawn global attention.

Below are the in-depth articles you shouldn’t miss covering five hot-button issues from this year on the economy and finance in China.

– Lin Jinbing, finance and economy news chief

Financial regulations

In Depth: The Rectification and Remaking of Ant Group (first published April 27, 2021)

Although the worst-case scenario of a breakup has been avoided, Jack Ma’s fintech behemoth has been forced to undergo a major restructuring

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Exclusive: Tencent Ordered to Set Up Financial Holding Company (first published May 26, 2021)

Owner of WeChat Pay follows in footsteps of rival Ant Group with state-mandated corporate shake-up to comply with new rules for financial firms

Five Things to Know About How China Is Tackling ‘Too-Big-to-Fail’ (first published July 21, 2021)

New rules will require financial institutions to write living wills detailing how they will cope in the event of a crisis

Huarong crisis

Cover Story: The Herculean Task of Bailing Out Huarong (first published Aug. 30, 2021)

As the scandal-plagued bad-asset manager reports $15.9 billion of red ink for 2020, it may have to raise almost that much from investors and asset sales

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In Depth: State Giant Citic Throws Stricken Huarong a Lifeline (first published Sept. 3, 2021)

China’s second-biggest financial holding company is leading a bid to pull the bad bank back from the brink

In Depth: Huarong’s $3.4 Billion Debacle on a South Korean Tourist Trap (first published Sept. 8, 2021)

The undeveloped plot of land bought by the state-owned bad-asset manager is now worth about one-third what it paid, underscoring its woeful history of bribery-fueled investments

Cryptocurrency whammy

Four Things to Know About China’s Latest Crackdown on Cryptocurrencies (first published July 8, 2021)

Regulators have stepped up efforts to crush cryptocurrency trading and are now aiming to wipe out Bitcoin mining in the country

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In Depth: The Fall of China’s Last Bitcoin Mining Haven (first published July 29, 2021)

A manager and an investor of a Sichuan Bitcoin mining farm told Caixin about how they had been building their wealth during China’s crypto gold rush — and how they couldn’t do that anymore

Economy insight

In Depth: What’s Standing in the Way of ‘Common Prosperity’? (first published Sept. 9, 2021)

Academics debate how China’s wealth inequality can be addressed, from tinkering with markets to adjusting government redistribution

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In Depth: China’s Long March to Become a Consumer-Driven Economy (first published March 26, 2021)

Five-year plan seeks to reduce inequality, boost spending with a focus on driving long-standing urbanization policy

In Depth: Can China Overtake U.S. to Become World’s Top Consumer? (first published April 13, 2021)

China’s 1.4 billion people are already top buyers of cars and smartphones, but they will have to start spending a lot more on services for the country to be No. 1

Low-carbon developments

In Depth: China’s Launch of World’s Largest Carbon Market Has a Sputtering Start (first published Aug. 5, 2021)

The national emissions trading scheme could use more liquidity and higher-level regulations, industry insiders say

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Caixin Explains: How China’s New Carbon Market Will Work (first published July 15, 2021)

The national emissions trading scheme is designed to give companies an incentive to cut their emissions as the country transitions to a low-carbon economy

Cover Story: The Green Finance Challenge Facing China’s Banks (first published March 1, 2021)

National goal for slashing greenhouse gas emissions will create huge demand for financing while raising the climate-change risks of lending

Contact editor Michael Bellart (michaelbellart@caixin.com)

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