Caixin

In Depth: Why China’s Electricity Market Overhaul Is Failing

Six-year-old plan to use competition in restructuring power distribution founders on state grid foot-dragging and profit squeeze caused by too-high prices

Jiangsu Restricts New Borrowing by Highly Leveraged LGFVs

Debt-laden province in eastern China orders poorly performing local financing vehicles to get investor approval before taking on more debt

May 12, 2021 04:33 AM

Pinduoduo, Meituan Warned to Focus More on Consumer Protection

Shanghai consumer watchdog summons the tech platforms over a plethora of problematic behaviors

May 11, 2021 08:03 PM

China’s Debt-Laden Developers Get Over Repayment Hump

Real estate companies’ net borrowing through bonds turned positive for the first time in nine months in April after amount of debt coming due begins to shrink

May 11, 2021 07:34 PM

Trending in China: Pinduoduo Founder Donates Big Bucks to Science, Hurun Report Says

Colin Huang takes top spot on the Hurun Philanthropy List 2021 after pledging billions, with much of it slated for scientific research

May 11, 2021 07:27 PM

No Signs of Spring for China Tech Stocks in May

Major Hong Kong tech index of Chinese stocks slumps more than 3% on Tuesday, and is down 10% since late April in step with a global internet slump

May 11, 2021 07:03 PM

Over Half of Hong Kong’s Women Say They Don’t Want Kids, Survey Shows

Personal financial pressure is the biggest factor discouraging women in the city from raising children

May 11, 2021 06:54 PM

Caixin China Biz Roundup: China’s Digitial Currency Drive Accelerates

In today’s episode: Alibaba’s online grocery service and food delivery units join the digital yuan pilot program; Beijing exports ventilators and medical supplies to India as country battles a surge of coronavirus cases; and two leading edtech companies get busted for false advertising

May 11, 2021 06:33 PM

Opinion: Ant Group Must Learn That There Is a Difference Between Finance and Technology

Fundamentally, fintech is technology empowering the finance sector by making operations more efficient and reducing costs

May 11, 2021 06:06 PM

Caixin-Sinica Business Brief: NYSE Rejects Delisting Appeals of Chinese Telecom Titans

Plus, China purchases a record 1.36 million tons of U.S. corn; Sinopharm vaccine receives approval for emergency use by the World Health Organization; and Xi Jinping says his country will host the 2022 Winter Olympic games just as planned

May 11, 2021 05:07 PM

Gallery: Escaped Leopard Continues to Evade Capture Amid Massive Cat-Hunt

Teams with dogs, drones, and search devices are still looking for the third escaped leopard in Hangzhou. The city government told a press conference on Monday that the Hangzhou Safari Park concealed information for over three weeks since April 19, the day three leopards escaped from the park, to prevent negative publicity. Over 4,000 police, firefighters, officials and concerned citizens have participated in the search. An investigation of the incident is underway

May 11, 2021 04:30 PM

Shanghai Composite Index Rose 0.4% on Tuesday

Shenzhen Component Index closed up 0.35%

May 11, 2021 03:03 PM

Slumping Live Hog Prices to Put China’s Breeders Under Pressure

Government restrictions on live-hog transportation have spurred a temporary imbalance in the local market

May 11, 2021 02:59 PM

China Is Hot Again as Foreign Bond Buyers Yearn for Yield

Yuan-denominated debt has emerged as a refuge during this year’s global bond rout

May 11, 2021 02:54 PM

Fanuc Regains Earnings Muscle Despite Burden of Past Investments

Robot powerhouse reports first net profit growth in three years, but its drive to add capacity has not been effective in generating returns

May 11, 2021 02:52 PM

China’s Credit Rebound May Spell Trouble for Huarong Investors

The tentative recovery could be a bad omen for any bondholders still counting on a government bailout to make them whole

May 11, 2021 01:32 PM
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