Jul 29, 2022 01:30 PM

Weekly Must-Read: Ant Group Makes Fresh Move to Advance Internal Reshuffle

The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.

# Finance #

Ant Group Makes Fresh Move to Advance Internal Reshuffle

Alibaba-backed fintech giant sets up a new committee under the board to oversee risk management and consumer protection

China Banking Regulator Pushes Smaller Banks to Dispose of Bad Loans

CBIRC reports on continuing efforts to wring out risks associated with shadow banking and vows to cast a jaundiced eye on risky financial innovation

Tencent’s NFT Unit to Lay Off Staff as Regulators Step Up Scrutiny

Huanhe, which was set up less than a year ago, is also adjusting its strategy to avoid regulatory risks, sources told Caixin

In Depth: The Uncertain Future of NFTs in China

# Cover Story #

Why the World is Burning Up This Summer

As global warming accelerates and days hotter than 35°C grow common, extreme, deadly heat waves sweep across China, Europe and much of the northern hemisphere

# Business #

In Depth: Chinese Carmakers Jostle for an Edge in Autonomous Driving

Auto and tech companies are gearing up to compete for their slice of a potentially gigantic market

Analysis: Dutch Carmaker Stellantis and State-Owned Guangzhou Auto Go Their Own Ways

The duo is shutting down their money-losing Jeep JV, which recorded a more than 84% drop in first-half sales

Didi Fined $1.2 Billion for National Security and Data Violations

The Cyberspace Administration of China says the ride-hailing giant committed 16 violations, including the illegal collection of users’ screenshots, and excessive collection of their personal information

# Economy #

China Steps Up Approval of Coal Mining Projects to Secure Supply

Regulators clear 20 new projects to add 125 million tons of annual capacity as government shoots for 300 million-ton expansion

# Weekend Long Read #

The Chinese Economy’s Uncertain Path to Recovery

How smoothly the economy can recover will hinge on how much the virus spreads and the evolution of the government’s Covid strategy


# China #

Four Chinese Laws That Can Help People Protect Their Personal Information

As China dials up pressure on companies accused of data breaches, citizens are increasingly able to look to the law to assert their privacy and personal information rights

China’s Leaders All Inoculated With Domestic Covid-19 Vaccines, Health Official Says

The move ‘shows confidence’ in Chinese vaccines, which have been widely recognized around the world, said deputy head of the National Health Commission

# World #

China and Indonesia Leaders Vow to Deepen Relations

In Beijing visit by Indonesia’s Joko Widodo, President Xi Jinping sets goal of ‘steady and long-term progress’ for bilateral cooperation

# Opinion #

AI and Open Medical Data Are the Keys to Solving Global Health Inequity

Global health disparities will improve or worsen depending on how much data researchers can access

How to ‘Lubricate’ the Frictions in China’s Labor Market

Markets and reform play fundamental roles in fixing the country’s unemployment problem

# Gallery #

Gallery: Local Tourism Enjoys Revival


# Podcast #

Caixin China Biz Roundup: Protecting Your Personal Data

Four laws that individuals can use to safeguard their information

Top Stories of the Month

Caixin Global’s Top Stories of the Month newsletter brings you the most popular news coverage over the past month. You may opt-in now and get handpicked news coverage delivered to your inbox each month for free.

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