Nov 11, 2022 04:08 PM

Weekly Must-Read: Battle Begins for China’s Private Pension Funds

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

# Finance #

Deputy Chinese Central Bank Governor Probed, Sources Say

Deputy PBOC governor Fan Yifei became the first high-level official to be detained after the party congress

In Depth: Battle Begins for China’s Private Pension Funds

Institutions are rushing to bring investment products to market in wake of government plan to grow the underdeveloped sector


China Clears the Way for New Personal Pension System

# Cover Story #

The Dilemma of China’s Power Market Restructuring

Drive to balance state control of electricity prices with market forces hits a $1.39 billion pothole in Zhejiang that officials can’t fill

# Economy #

In Depth: Mild Inflation Hasn’t Stopped Chinese Consumers Feeling Squeezed

While the headline CPI remains below the government’s 3% ceiling, pork and vegetable prices are surging

# Business #

Fosun Pharma Scraps $158 Million Acquisition of Singapore Cancer Clinic

Unit of debt-laden Fosun International cites unmet conditions in dropping plan to take over 60% of OncoCare Medical

Three Chinese Miners Ordered to Divest From Canadian Lithium Projects

Canada’s industry minister says Ottawa is concerned about securing critical minerals while pushing back on China’s industry dominance

China’s Super Rich Are Poorer, and There Are Fewer of Them

Economic vicissitudes of war, pandemic and slumping stock and real estate markets shrink fortunes of billionaires on Hurun Rich List

# Tech #

Chinese Chip-Wafer Maker Hua Hong Files for $2.5 Billion Shanghai IPO

The planned listing would be the third-biggest ever on the STAR Market high-tech board

# Chart of the Week #

The Mixed Bag of China’s Local Economies

Thirteen provincial-level regions lagged the 3% national GDP growth rate for the first three quarters, with three shrinking year-on-year


# China #

Woman Falls to Her Death From Building Sealed Off for Covid Control

Daughter in Inner Mongolia’s Hohhot goes viral on social media as she cries out for help trying to get past building’s welded-shut gate

More Chinese Labs Run Out of Cash as Government Payments Fall Behind

Covid testing supplier in Xuchang is the latest to suspend services temporarily over unpaid bills amid repeated rounds of mass screening for pandemic control

Berlin and Beijing Should Collaborate Amid ‘Change and Turmoil,’ Xi Tells Scholz

Chinese president says visit will enhance mutual understanding, deepen practical cooperation and pave the way for the next phase of the bilateral relationship’s development

# Opinion #

Analysis: Will Scholz’s Visit Help BioNTech’s Covid Shot in China?

World’s most widely used mRNA vaccine languishes unapproved in China as Fosun Pharma and BioNTech see window of opportunity closing


In Depth: Why China Still Doesn’t Have an mRNA Shot

# Weekend Long Read #

Can Anyone Replace China as the World’s Factory?

Economic and geopolitical factors threaten the country’s status in global manufacturing, but its would-be successors all have problems of their own

# Gallery #

Gallery: On the Ground at Airshow China 2022


# Podcast #

Caixin-Sinica Business Brief: Chinese Miners Ordered to Divest From Canadian Lithium Projects

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