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 Climate Goals Leave One Province Torn Between Past and Future
Hydropower-rich Yunnan is struggling to balance its longtime role as a source of cheap electricity with aspirations to build up its own manufacturing industry

: Evergrande Chairman Quits as Director of Luxury Hong Kong Property Firm
Hui Ka Yan remains as sole shareholder of house estimated to be worth $103 million

In Depth: China Tries to Calm Skittish Investors Amid ‘Regulatory Storm’

After sweeping rule changes sank shares in industries from after-school tutoring to big tech, some investors have cried foul and nearly everyone is pushing for more predictability

: Air Taxi Developer’s Listing Shows Tencent Can’t Shake Its Flying Car Dreams
German startup Lilium, backed by the Chinese tech giant, lists in New York through a merger with a special purpose acquisition company

State-Owned Chinese Coal Giants Pledge to Buy Green Power

A dozen producers vowed to participate in the new trading program that aims to support the country’s transition away from polluting fuels like coal

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LATEST NEWS

: Key Evergrande Shareholder Sells $11 Million More Amid Crisis
Chan Hoi Wan, wife of billionaire Joseph Lau and long-time backer of Evergrande’s Hui Ka Yan, dumps shares for the second time in a month
Sep 17, 2021 03:34 AM

: Energy Insider: China to Sell 7.38 Million Barrels From Crude Reserves
Chifeng Jilong Gold Mining to invest $1.46 million for exploration in Slovakia; aluminum prices reach 15-year high; China-Africa sea-rail service starts
Sep 17, 2021 03:21 AM

: China Formally Applies to Join CPTPP
Multilateral Trans-Pacific trade pact includes Australia, Canada and Singapore but not the U.S. after Trump withdrew from bloc conceived by Obama
Sep 16, 2021 11:46 PM

: MSCI Outlines Regulators’ Role in New Offshore Stock Index Futures
Global index provider explains background, design of A-share index futures that will start trading in Hong Kong
Sep 16, 2021 10:48 PM

: Top Chinese Diplomat’s Overseas Trip Focuses on Tighter Collaboration With Neighbors
South China Sea tensions, Belt and Road links and multilateral cooperation were key issues addressed during foreign minister Wang Yi’s visit
Sep 16, 2021 07:54 PM

: New Book Says Top U.S. Military Officer Secretly Called Chinese Counterpart, Infertility Rate Rises, Earthquake Strikes Sichuan
Cyberspace regulator tells platforms to manage accounts better, authorities announce blacklist for misconduct in after-school tutoring
Sep 16, 2021 07:32 PM

: GM’s China Venture Is Developing Its Own Microchips, Report Says
SAIC-GM-Wuling Automobile says it aims to improve the quality and cost effectiveness of its chips through a project it has been working on since 2018
Sep 16, 2021 07:15 PM

: Caixin China Biz Roundup: China Tries to Soothe Jittery Investors
Vice Premier says the country’s support for the private economy has not changed; a peek into Meituan’s delivery time calculations; and TikTok hit by two EU investigations
Sep 16, 2021 07:04 PM

: Gallery: China’s National Games Open in Xi’an
The opening ceremony for the 14th National Games took place Wednesday in the capital of northwest China’s Shaanxi province. The ceremony featured parades, performances and light shows. The performers had practiced for months to prepare for the event. The ceremony was attended by over 10,000 student volunteers and sports stars such as Yang Qian, who won a shooting gold medal at the Tokyo Olympics
Sep 16, 2021 07:02 PM

: Over 90% of Chinese Students Aged 12 to 17 Fully Vaccinated Against Covid
More than 95% of pupils, teachers and school staff have received two doses, state media reports
Sep 16, 2021 05:56 PM

: Classifieds Marketplace Carousell Becomes Unicorn After $100 Million Fundraising
Singaporean company counts Telenor Group, Rakuten Ventures, Naver and Sequoia Capital India among its backers
Sep 16, 2021 04:56 PM

: China’s August Crude Steel Output Drops 4.1% From Previous Month
The figure represents a year-on-year decline of 13.2%, showing that a national campaign to cut production is having an effect
Sep 16, 2021 04:20 PM

: Indonesia to Jump on IPO Boom by Listing 14 State-Owned Companies
The fundraising drive is aimed at improving competitiveness and replenishing government coffers
Sep 16, 2021 04:13 PM

: Shanghai Composite Index Fell 1.34% on Thursday
Shenzhen Component Index closed down 1.91%
Sep 16, 2021 03:03 PM

: CX Daily: China Tries To Calm Skittish Investors Amid ‘Regulatory Storm’
Chinese mainland investors will be connected to the Hong Kong bond market. A group of Stanford professors urges the U.S. to quit targeting Chinese scholars
Sep 16, 2021 10:00 AM