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

: In Depth: China’s Bond Market Gets a Reprieve in WMP Overhaul
Regulators gave providers of wealth management products an extra year to restructure their money market-like offerings, easing pressure to dump bonds

: Huawei Vows to Keep Fighting After Swedish Court Upholds 5G Ban
China telecom giant says no evidence has been presented to prove ‘back door’ security claims and it will seek further legal action

Paper’s publisher said operations could not continue after bank accounts were frozen

: Caixin Summit: Uneven Vaccine Distribution Holding Back Global Economy
IMF Deputy Managing Director Zhang Tao says ‘two-track pandemic is leading to a two-track recovery’

185 Million Chinese Men Follow Beauty Influencers, Pork Suppliers Slash Output, Guangzhou’s Rapid Covid Infection

The 10 most-read domestic stories on Chinese social media also include Shanghai’s minimum wage hike and Taiwan travelers diagnosed with Covid-19

: India Warns of Third Wave of Covid-19, Death of Antivirus Software Pioneer, the Upper Limit of Humans’ Lifespan
Chinese social media users continue to follow the story on the reduction of swimmer Sun Yang’s ban from competition, Foreign Ministry urges Chinese nationals to get out of Afghanistan
Jun 24, 2021 07:51 PM

: Bad-Asset Manager Huarong Repays $250 Million Bond as Default Worries Persist
The embattled company says it’s ‘diligently’ repaying debt amid rising concerns about its financial health
Jun 24, 2021 07:20 PM

: Gallery: Caixin Summer Summit Takes on Challenges, Solutions
Leading figures from the political, business, financial and medical fields attended the Caixin Summer Summit 2021 in Beijing. Held online and offline concurrently this year, the summit featured speeches, forums, and roundtables on topics focused on the theme ‘Challenges and Solutions.’ Caixin Media Publisher Hu Shuli delivered an opening speech at the event Thursday morning
Jun 24, 2021 07:00 PM

: Caixin China Biz Roundup: Hong Kong’s Housing Crisis
The world’s priciest property market keeps getting more expensive; China will release a variety of metals from its national strategic reserves for the first time in a decade; and things aren’t going so swimmingly for star athlete Sun Yang
Jun 24, 2021 06:35 PM

: Shared Bike Operator Hello Inc. Waves Goodbye to New York IPO — For Now, Source Says
News of the postponed listing comes one day after the 11th hour withdrawal of a similar-sized offering by dating app operator Soulgate
Jun 24, 2021 06:23 PM

: Caixin Summit: Bank Regulatory Official Warns of Inflation’s Impact on China’s Businesses
CBIRC’s Yu Xuejun urges lenders to prepare to deal with any potential fallout from growing inflation
Jun 24, 2021 05:12 PM

: Caixin Summit: Hong Kong to Complement China’s Latest Five-Year Plan: Carrie Lam
City has set up an interagency joint working group on the matter, its chief executive said at the Caixin Summer Summit
Jun 24, 2021 04:59 PM

: Opinion: Why China Can’t, and Shouldn’t, Control the Yuan Exchange Rate (Part 1)
The problems associated with maintaining the U.S. dollar as the world’s sole reserve currency help reinforce the case for RMB internationalization
Jun 24, 2021 04:14 PM

: China Boost Short-Term Cash Injection for First Time Since March
The increase, though made in part to offset seasonal tightness, represents a shift in the PBOC’s approach in managing liquidity
Jun 24, 2021 04:00 PM

: Major Evergrande Creditor Says It Has Cut Exposure to Debt-Ridden Developer
Concerns about financial health are mounting as the real estate giant struggles to convince banks like Minsheng that it can execute on a deleveraging plan
Jun 24, 2021 03:56 PM

: Bubble Tea Chain Brews Up $656 Million Hong Kong IPO
Nayuki plans to use new funds to expand its teahouse network, deepen market penetration and strengthen its supply chain
Jun 24, 2021 03:50 PM

: Taiwan Chip Company Warns Against Rush to Expand Capacity
Chang Wah chairman says a market correction is inevitable given how many chipmakers are ramping up output to tackle shortages
Jun 24, 2021 03:43 PM

: Shanghai Composite Index Ended Nearly Flat on Thursday
Shenzhen Component Index closed down 0.4%
Jun 24, 2021 03:03 PM

: CX Daily: What’s Stopping Hong Kong From Fixing Its Housing Crisis?
China launches a probe into commodities while the country will release metals from its strategic reserves
Jun 24, 2021 09:20 AM

: Energy Insider: Guangdong Kicks Off Renewable Energy Trading; China to Release Strategic Metals From Reserves
Authorities release details on carbon trading; State Council outlines plan to develop western region; Guizhou Gas Group signs pipeline gas accord
Jun 24, 2021 07:43 AM