After Surviving Ouster Attempt, Chairman of Luckin Looks to Cleanse Board

Lu Zhengyao narrowly missed being booted from the company he founded, but may leave under his own terms at a shareholder meeting set for Sunday

China Business Digest: Services PMI Notches Biggest Expansion in a Decade; Citic Securities, CSC Financial Again Deny Merger Report

Securities commission issues rules covering refinancing on STAR Market; beverage giant Wahaha considers $1 billion IPO, joining the rush to Hong Kong

Coronavirus Impact on China’s Job Market May Persist for Two Years, Expert Says

Country’s already weak situation has worsened further, with service industries particularly affected, an economics professor told a recent forum

Appliance-Maker Admits to Error That Cost It Multi-Million Dollar Contract

Gree Electric says it mistakenly submitted materials for a different project in its bid to supply China Mobile with water-cooling gear earlier this year

Shares of Citic Securities, CSC Financial Surge on Merger News

Though both deny renewed Bloomberg reporting, analysts see a combination as feasible as policymakers press to create investment banking giant to compete with Wall Street

Sunday Long Read: The Mystery of $2 Billion of Loans Backed by Fake Gold

The shocking revelation now leaves lenders holding the bag for the remaining 16 billion yuan of outstanding loans backed by the bogus bars

Jul 05, 2020 05:00 PM

Saturday Long Read: Chinese Students’ Win-Win With Western Education Gets Upended

The plans of many Chinese people to head overseas for their education have now been plunged in uncertainty due to the Covid-19 outbreak as well as worsening China-U.S. relations

Jul 04, 2020 05:00 PM

Chinese Academy of Science Researcher Accused of Academic Plagiarism

A University of California professor says Yang Hui plagiarized his team’s now-published study on Parkinson’s disease

Jul 04, 2020 04:05 PM

China Beverage Giant Wahaha Said to Mull $1 Billion IPO

Hangzhou-based enterprise would join a rush of mainland companies to float shares in Hong Kong, including local rival Nongfu Spring, which also seeks $1 billion

Jul 04, 2020 02:26 AM

Opinion: China and the Trans-Pacific Partnership: In or out?

When President Trump closed the door on U.S. participation in the trade pact, he created an opportunity for China to reshape Asian economic integration

Jul 03, 2020 08:35 PM

Countries Can’t Solve Crises With Their Eyes Closed, Jared Diamond Says

Leadership and the ability to recognize problems are keys to handling crises like Covid-19, Pulitzer prize winning author says

Jul 03, 2020 08:28 PM

Government Overhaul of Chengdu Rural Bank Nears Completion

City appoints new party secretary and president after taking control of lender in April

Jul 03, 2020 08:24 PM Fintech Affiliate Plans STAR Market IPO

JD Digits’ valuation could reach $28 billion after the listing, sources say

Jul 03, 2020 08:17 PM

Hong Kong Securities Regulator Warns HKEx Over Conflicts of Interest

Report said the exchange should “ensure that HKEx business executives do not and are not seen to pressurise the Listing Department to respond more swiftly to particular applicants”

Jul 03, 2020 08:13 PM

China Is About to Run Out of Places to Store Crude Oil

China has used up 69% of its storage capacity, on the brink of the threshold that experts view as the country’s limit

Jul 03, 2020 07:58 PM
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