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

: 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

: Chinese Products Purged in Amazon Crackdown on Fake Reviews, Sources Say
Undisclosed number of vendors’ goods cut from online giant’s shopping platforms ahead of annual sales promotion

Population increased 5.8% over the past decade as the number of elderly citizens grew and household sizes shrank

: China’s Trust Companies Told How to Ditch Risky Assets
Banking and insurance regulator outlines four avenues for managing $90 billion of investments that could go bad

China’s Factory Prices Surge Amid Higher Commodity Costs, Supply Shortages

Index of producer prices in April jumped the most in three and a half years, although consumer price gains were more subdued

: 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