Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: In Depth: China’s Struggle to Balance Green Goals With Keeping Lights On
This year’s massive power crunch shows the challenge of balancing China’s need for electricity with fighting climate change by slashing coal burning

: After String of Scandals, China Tightens Control Over Major Shareholders in Banks, Insurers
New regulations aim to stop big investors using institutions as ATMs to benefit their own businesses

In Depth: The Wild West of China’s Bond Market That Regulators Want to Tame

Authorities are trying to fix the problems that have made it difficult to correctly value junk bonds, including inflated ratings, implicit government guarantees and the ongoing issues with structured issuances

: In Swipe at Alibaba, JD.com Launches ‘Instant Delivery’ Retail Business
The new ‘Shop Now’ service established with delivery platform Dada aims to ride the boom in rapid home delivered shopping caused by Covid

Tech Insider: Sogou Founder Splits, SAIC Turns Sod on Hydrogen Truck Plant

TSMC announces new chip plant, Midea launches IoT on Huawei platform

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LATEST NEWS

: China Releases List of 19 Systemically Important Banks
The lenders will have to comply with stricter regulatory requirements as their health is seen as critical to maintaining financial stability
Oct 15, 2021 09:52 PM

: State Grid Installing Fast-Charging Stations on Beijing-Shanghai Expressway, Source Says
Electric vehicle service unit said to be building the six stations even as some experts cast doubts over viability of costly scheme
Oct 15, 2021 09:45 PM

: To Build Tech Leadership, China Seeks to Give Vocational Education a Leg Up
Vocational colleges must account for 10% of all college enrollments by 2025, new guideline says, to help cultivate a more diverse talent pool
Oct 15, 2021 09:39 PM

: Another Senior Executive at China’s Top Potash Producer Under Graft Probe
A total of three current or former officials at state-owned Qinghai Salt Lake have now come under investigation this year
Oct 15, 2021 09:32 PM

: Hong Kong Office Rental Market Recovers After Two Years of Decline
A gauge of new rentals minus office space vacated moves into positive territory for the first time since 2019
Oct 15, 2021 09:18 PM

: Former China Deputy Energy Chief Admits to Taking Bribes for Decades
Liu Baohua pleaded guilty to the allegations against him during his trial in Qingdao and now awaits sentencing
Oct 15, 2021 09:13 PM

: Suning.com Warns of Up to $1.2 Billion Net Loss on Plunging Revenue
The company said it struggled to maintain adequate inventories in first three months, denting revenue
Oct 15, 2021 09:08 PM

: Gallery: China to Send First Woman to Space Station
China will launch the Shenzhou-13 space mission Saturday, sending astronauts Ye Guangfu, Zhai Zhigang and Wang Yaping to the Tiangong Space Station for six months. Wang, China’s second woman astronaut, who is noted for a lecture she delivered from space during the Shenzhou-10 mission in 2013, will become the country’s first woman to board the station and perform a spacewalk
Oct 15, 2021 06:03 PM

: Tesla Set to Capture $390 Million in China’s Carbon Market
The EV-maker will cash in while Volkswagen’s ventures in China, lacking green vehicles, will owe the most in emissions trading
Oct 15, 2021 05:55 PM

: Wang Tao: Evergrande’s Emerging Spillover Effects on China’s Property Market
Real estate makes up too big a share of household wealth for home prices to plunge without the government offering policy support
Oct 15, 2021 05:28 PM

: Caixin China Biz Roundup: Microsoft to Shut LinkedIn in China
Professional networking site attributes decision to ‘challenging environment’; Binance to shut down yuan trading operations; and European firms call for more clarity on power outages
Oct 15, 2021 05:10 PM

: Circular Economy Investments Will Rise Sharply
The concept of the circular economy is rising in importance, particularly as the UN climate conference COP26 approaches
Oct 15, 2021 04:34 PM

: Opinion: Green Transition Unlocks Investment Opportunities for First Movers
Channeling financial resources to green practices can generate economic growth and improve people's lives
Oct 15, 2021 04:24 PM

: Shanghai Composite Index Rose 0.4% on Friday
Shenzhen Component Index closed up 0.52%
Oct 15, 2021 03:03 PM

: China’s Central Bank Keeps Status Quo on Liquidity With Policy Loan Rollover
PBOC injects 500 billion yuan into the financial system through its medium-term lending facility, matching the amount maturing
Oct 15, 2021 02:52 PM