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

TOP STORIES

: In Depth: The Legacy of Rags-to-Riches Wealth Management Tycoon Xie Zhikun
Known as a workaholic and for his habit of keeping a diary, the founder of Zhongzhi Enterprise Group built a sprawling financial empire

: China Telecom to Roll Out Smartphones With 5G-Powered Messaging
The rich communications service could one day challenge WeChat, though this remains a distant prospect

Moscow Keeping Beijing in the Loop on Security Talks With the West on Ukraine, Envoy Says

The two countries are studying ways to minimize the potential impact of the Ukraine issue on the bilateral ties, according to the Russian ambassador to China

China and Russia Should Take ‘More Joint Actions’ to Ensure Their Security, Xi Tells Putin

: Guandian Defense Cleared for Move to STAR Market
Provider of drone services to police, military and oil industry will become first company traded on Beijing Stock Exchange to make the transfer

Chinese Spent Less on Domestic Tourism in 2021 Than Before the Pandemic

Continuing Covid-19 outbreaks coupled with a zero-tolerance strategy has hurt in-person consumer spending such as tourism and eating out

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LATEST NEWS

: Transportation Ministry to Intensify Pressure on Ride-Hailing Industry
Chinese authorities vow to speed up getting Didi and competitors into compliance with worker protection and other regulations under threat of penalties
Jan 28, 2022 06:03 AM

: China Approves AMD’s $35 Billion Acquisition of Xilinx
Deal between two American chipmakers was proposed two years ago as AMD sought to challenge Intel’s leadership in the industry
Jan 28, 2022 04:40 AM

: Stellantis Reboot in China Sparks Conflict With Local Partner
Guangzhou Automobile Group pushes back at partner’s bid to take control of their struggling Jeep-making joint venture in China
Jan 28, 2022 04:34 AM

: Shenzhen Tightens Entry Rules on Travelers From Hong Kong Due to Covid Concerns
Additional quarantine requirements may stymie cross-border family reunions this Lunar New Year
Jan 27, 2022 07:30 PM

: Evergrande Will Come Up With a Plan to Restructure Its Debt — Within Six Months
The developer says it’s working on a draft with a government-appointed risk management committee, and is resuming construction on projects
Jan 27, 2022 06:30 PM

: Caixin China Biz Roundup: Teen’s Suicide Raises Concerns About Cyberbullying
17-year-old suffered online abuse after trying to find his birth parents; China takes steps to better protect athletes; and tech giants ramp up investments in other firms following regulatory storm
Jan 27, 2022 06:12 PM

: Gallery: Senior Chic on Shanghai’s Streets
Commercial photographer Qin Xiao has been snapping shots of stylish seniors in Shanghai since 2018, taking his camera onto the streets in a challenge to prevailing stereotypes of the elderly. Through his lens, some are dressed to the nines, while others appear in casual clothes, eclectically selected in what he calls a “wild fashion” style. The 33-year-old has been a street photographer since 2011, and has featured his “Senior Fashion Hub” photos at several exhibitions
Jan 27, 2022 06:04 PM

: WTO Grants China a $645 Million Tariff Weapon Against U.S.
The world trade body rules Beijing can retaliate against $645 million worth of annual American exports as part of a decade-old dispute over anti-subsidy duties
Jan 27, 2022 05:28 PM

: Chinese Battery Material Supplier to Return to Profit on Surging EV Demand
Tianqi Lithium says it expects to post between $284 million to $378 million in net profit
Jan 27, 2022 04:52 PM

: China Allows One of Its Poorest Provinces to Negotiate Debt Extensions
Guizhou province’s local government financing vehicles have long had borrowing costs among the highest in the country
Jan 27, 2022 04:03 PM

: Shanghai Composite Index Fell 1.78% on Thursday
Shenzhen Component Index closed down 2.77%
Jan 27, 2022 03:03 PM

: China to Start Three-Year Crackdown on Money Laundering
Eleven government agencies will participate in the campaign as the country steps up efforts to prevent such crimes
Jan 27, 2022 02:57 PM

: TSMC’s $40 Billion Spree May Tip the Scales on Taiwan’s Growth
Chip giant’s planned spending on new plants equivalent to around 5% of Taiwan’s 2021 GDP
Jan 27, 2022 02:35 PM

: CX Daily: China’s Commerce Ministry Warns of Challenges to Foreign Investment in 2022
China’s fiscal revenues rise 10.7% in 2021 from a year earlier. The former party chief of Hangzhou is expelled over business ties
Jan 27, 2022 09:40 AM

: China’s Banking Regulator Plans ‘Traffic Lights’ for Financial Sector
CBIRC’s 2022 goals include curbing the use of funds by banks and insurance companies for ‘blind overleveraging,’ financial monopolies and unfair competition
Jan 27, 2022 05:43 AM