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

TOP STORIES

: In Depth: Where Are Chinese Consumers Willing to Spend?
In a post-Covid economy, consumers are favoring experiences and services, leaving less discretionary income for buying things

: China Moves to Set Up Shanghai International Reinsurance Market
Shanghai Insurance Exchange named to lead the project in implementation rules issued by the National Administration of Financial Regulation and the Shanghai government

China Puts Drafting AI Law on National Legislative Agenda

State Council includes item on its 2023 legislative work plan, which was released this week

: Ping An Bank Passes the Torch to a New President
Banking veteran Ji Guangheng succeeds retiring Hu Yuefei, who was president of the banking unit of Ping An Insurance since 2016

Sequoia’s Overhaul Puts China Spinoff Under the Spotlight

The new firm, known as HongShan in English, will need to move quickly to establish its brand among international investors, a private equity investor told Caixin

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Caixin-Sinica Business Brief: China’s First Homegrown Jet Sets Sights on Airbus and Boeing

Jun 03, 2023 05:34 PM

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LATEST NEWS

: Weekly Must-Read: U.S. Tensions Could Sap Chinese EV-Battery Makers’ Global Ambitions
World leader CATL and its peers face policy headwinds in the West that could benefit South Korean, Japanese rivals
Jun 09, 2023 11:30 AM

: CX Daily: Where Are Chinese Consumers Willing to Spend?
China, Pakistan and Iran hold their first trilateral meeting on counterterrorism. China puts drafting AI law on its national legislative agenda
Jun 09, 2023 09:09 AM

: Shandong Court Boots Levdeo’s Bankruptcy Petition as Immature
Maker of mini electric cars owes billions of yuan to bankers, dealers and suppliers after suspending production in January
Jun 09, 2023 05:44 AM

: China’s Passenger Car Exports Doubled in First Five Months
Shipments abroad totaled 1.38 million vehicles from January through May, providing a bright spot for exporters amid weak global demand
Jun 09, 2023 05:25 AM

: China Financial Watchdog Vows to Further Open Up, Curb Risks
Li Yunze, chief of new National Financial Regulatory Administration, tells a forum that ‘the door for opening up the financial sector will only be wider’
Jun 09, 2023 03:41 AM

: Chinese Investors Flock to Japan ETFs as Local Market Slumps
Benchmark Nikkei 225 Index rose 7% in May while China’s CSI 300 Index slumped 5.7%
Jun 09, 2023 03:31 AM

: Trending in China: Viral Pics of SOE Executive Spark Debate About Corruption, Infidelity and Street Photographers
A married official at a state firm was caught on camera holding hands with a woman identified as his subordinate, setting off a discussion about improper workplace relationships and the right to privacy in public
Jun 08, 2023 09:26 PM

: China EdTech Firms Race to Develop ChatGPT-Like Products
The sector has jumped on the AI bandwagon to capitalize on the frenzy surrounding the technology, as industry insiders debate whether it could transform the country’s exam-focused education system
Jun 08, 2023 07:59 PM

: Singapore Minister Tharman to Run for City-State’s President
The elder statesman will leave his cabinet positions and posts including that of the chairman of the Monetary Authority of Singapore and deputy chairman of sovereign wealth fund GIC
Jun 08, 2023 06:06 PM

: The Road to Modi’s Ambitious Made-in-India Goal Hits China Wall
Indian manufacturers face challenges as they strive to increase production amid dependence on their northern neighbor for crucial components and raw materials
Jun 08, 2023 06:02 PM

: China, Pakistan and Iran Hold First Trilateral Counterterrorism Meeting
Representatives from the nations met in Beijing for ‘an in-depth exchange of views’ on combatting regional and cross-border terrorism
Jun 08, 2023 05:55 PM

: It’s Terribly Hot in China, But Coal Prices Still Have Room to Fall
All eyes are on the nation’s thermostats, as indicators from elevated inventories to shrinking manufacturing activity point to souring demand
Jun 08, 2023 05:48 PM

: Gallery: Match-Fixing Sinks Snooker Players
Ten Chinese players, including former world No. 11 seed Liang Wenbo, were punished by the World Professional Billiards and Snooker Association on Tuesday. Liang and fellow player Li Hang were handed lifetime bans for participating in and encouraging younger players to engage in manipulating games for gambling purposes between July and December. The rest, which includes the 2021 U.K. Championship winner Zhao Xintong, received suspensions and hefty fines. The International Betting Integrity Association and integrity unit of the WPBSA launched an investigation into the match-fixing following an alert in August
Jun 08, 2023 05:43 PM

: Shanghai Composite Index Rose 0.49% on Thursday
Shenzhen Component Index closed up 0.13%
Jun 08, 2023 03:03 PM

: CX Daily: The March of Chinese Robots Into Domestic Factories
China expresses grave concerns over the destruction of the Nova Kakhovka dam in Ukraine. Beijing reports two monkeypox cases
Jun 08, 2023 08:56 AM