Caixin
Jun 10, 2022 12:00 PM
WEEKLY MUST-READ

Weekly Must-Read: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices

# Finance #

Caixin Explains: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices

Shares of 62 of the 107 companies that went public on the Chinese mainland this year as of April 20 were trading below their offer prices that day

Hong Kong Money Man Calvin Choi Faces Two-Year Industry Ban for Misconduct

An investigation by the city’s securities regulator determined that the former UBS banker had broken rules on disclosure and conflicts of interest

# Cover Story #

Cover Story: Balancing China’s Development With Need for Food Production

Government aims to harness market forces in managing the trading of land-use rights between urban and farming areas

Related:

Editorial: How to Break Through in Market-Based Reform of Production Factors

# Business #

In Depth: Chinese Consumer Startups Find Taking On Global Titans Is No Easy Task

Investors are becoming more cautious as revenue growth falters, profits remain elusive and international leaders rise to the competition

Tencent, NetEase Miss Out in China’s New Game Approvals

Regulators clear 60 online games in this year’s second batch of authorizations, spurring optimism that authorities will allow more new releases

# Economy #

China’s Services Activity Shrinks a Little Less Severely, Caixin PMI Shows

The independent gauge for operating conditions in the sector rose to 41.4 in May, up from the previous month’s reading of 36.2

Five Things to Know About China’s Plans for Regular Mass Covid Testing

Why is the country taking on this burden, how much will it cost and what barriers are there to success?

# Chart of the Week #

The Potential Trillion-Yuan Cost of Regular Covid Testing

Testing 505 million people in China every two days could take a 1.45 trillion yuan bite out of the government’s general budget every year, some analysts estimate

# Tech #

Didi Shares Surge on Sign Beijing Is Easing Up on Tech

The Chinese ride-hailing giant’s stock leapt by half their value in premarket trading before paring gains to close 24% higher in New York

# Opinion #

Editorial: What Kind of Fiscal Intervention Does China Need to Stabilize the Economy?

Policymakers should carefully analyze the current economic situation before coming up with a targeted and appropriate policy

# China #

In Depth: College Student Depression Hides Anxieties About Jobs and Covid

Virus control measures and uncertain opportunities increase mental health burdens of those studying at universities in China

Some Chinese Colleges Won’t Let Students Graduate Without Proof of Employment

Some students have resorted to submitting phony contracts to satisfy universities keen on maintaining high job placement rates for graduates

Related:

Chart of the Day: China’s Record-Breaking Unemployment Rates Amid Covid Lockdowns

# Gallery #

Dining Out Returns to Beijing

# Weekend Long Read #

Archive Interview: Lee Hsien Loong on What Singapore Can – and Can’t – Teach China

In 2014, the Singaporean prime minister discussed a wide range of topics ranging from how to maintain Singaporean economic competitiveness to how the city-state positions itself in the regional and international geopolitical landscape

Caixin China Biz Roundup:

Finance Big Shot Faces Two-Year Industry Ban

Hong Kong securities regulator seeks to punishes Calvin Choi

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