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

: Cover Story: China’s Tobacco Monopoly Is Swept Up in Corruption Probes
Investigations have ensnared nearly 20 senior officials in an industry that supports the habits of 300 million smokers

: In Depth: The Teething Problems of China’s Schools for Troubled Students
The central government is trying to revamp ‘specialized education,’ but the effort has suffered from a lack of teachers and guidance, and mistrust from parents

Challenges at home have left the firm struggling with production and paying its staff

: Tsinghua Unisplendour Finalizes Plan for $3.5 Billion Buyout of Hewlett Packard’s Stake in JV
New H3C Technologies, which is the exclusive provider of HPE servers, storage and related IT services in China, will become a solely-owned unit of Unigroup

China Battery Maker CALB Rescinds Job Offers to Hundreds of Fresh Graduates, Sources Say

The move comes amid belt tightening due to shifting market demand in the electric vehicle market

May 27, 2023 04:50 PM

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: UBS, Credit Suisse Offer Asia Wealth Bankers Cut on Inflows
Asia, the region with the fastest growing number of wealthy clients, has been a key battleground for both UBS and Credit Suisse
May 27, 2023 04:51 PM

: Caixin-Sinica Business Brief: Hong Kong to Allow Retail Investors to Trade Crypto
Wanda bonds sink amid concerns on repayment and unit’s IPO plan, and China approves Microsoft’s Activision Blizzard acquisition deal
May 27, 2023 04:50 PM

: Weekend Long Read: Five Tasks for China’s Next Stage of Opening-Up
The country’s strategy has evolved from setting up special zones in coastal areas to a more advanced level that focuses on its domestic circulation and expanding institutional opening-up
May 27, 2023 10:30 AM

: China to Ease Requirements for Small-Scale Wind Power
Projects will be able to skip lengthy approval process as authorities substitute a simpler registration system to spur renewable energy
May 27, 2023 05:49 AM

: EV Battery Leader CATL Joins BYD and Tesla in Tapping Solar Boom
Chinese power giant studies development of solar panels and strikes deal to collaborate with JA Solar Technology, China’s No. 4 module maker
May 27, 2023 04:27 AM

: Economists Expect PBOC to Accelerate Easing of Bank Reserve Policy
Chinese central bank may free up more bank cash for lending in third quarter instead of fourth as slowing economy prompts lower growth forecasts, survey shows
May 27, 2023 04:24 AM

: Sichuan Trust Reports Slow Progress in Unwinding Risky Investments
Three years after notorious $2.9 billion default and seizure by authorities, trust designates top restructuring parties and says it’s still working on disposal plans
May 27, 2023 04:21 AM

: Tech Insider: Alibaba to Cut Cloud Unit’s Staff by 7%, TikTok Tests Chatbot
Shein gears up for overseas battle with PDD’s Temu, ByteDance co-founder sets up new venture firm
May 26, 2023 08:17 PM

: China Makes Luring Minors Into Naked Online Video Chats a Crime
Top judicial authorities have expanded the crime of indecency as part of a campaign to toughen penalties for rape and molestation
May 26, 2023 07:48 PM

: Gallery: London Luxury in Macao
A British-themed luxury resort reopened in Macao Thursday, with a grand opening featuring celebrities such as soccer star David Beckham. The Londoner Macao, formerly known as the Sands Cotai Central integrated resort, had undergone renovation since 2021. With nearly 6,000 rooms, the upgraded resort now comprises five hotels, including two award-winning flagships, The Londoner Hotel and Londoner Court
May 26, 2023 06:44 PM

: China, U.S. Commerce Chiefs Hold ‘Constructive’ Talks on Trade Amid Growing Tensions
Wang Wentao expressed concerns about U.S. semiconductor policy and export controls, while his American counterpart Gina Raimondo flagged China’s recent actions against U.S. companies operating in the country
May 26, 2023 06:38 PM

: Beijing Dismisses Western Intelligence Allegations of Chinese Hacking
Foreign ministry calls the report, released by Microsoft and members of the U.S.-led Five Eyes intelligence alliance, ‘extremely unprofessional’ and part of a ‘collective disinformation campaign’
May 26, 2023 06:29 PM

: Caixin China Biz Roundup: TikTok Sues U.S. State Over First Statewide Ban
China appoints vice foreign minister as ambassador to U.S., and Beijing lashes out at Japan over chip export restrictions
May 26, 2023 04:22 PM

: China Easing Bets Climb to Highest This Year as Growth Sputters
The cost of 12-month interest-rate swaps, which anticipate where rates will be in a year’s time, slipped to 2.06% this week, down from as high as 2.47% just over two months ago
May 26, 2023 04:01 PM

: China Hedge Fund Loses Case Against Top Quant Who Joined Rival
Shanghai Ruitian Investment sued former head of high-frequency trading strategy Yang Yunhao for allegedly breaching a non-compete agreement after taking a job at a competitor
May 26, 2023 03:32 PM