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In Depth: Major Evergrande Creditor Faces Wave of Bad Loans

Minsheng Bank lent wildly to the property sector for years, with little attention to risk control. Now, it’s battling a rising number of soured loans

Shanghai Composite Index Rose 0.66% on Wednesday

Shenzhen Component Index closed up 0.7%

Jan 26, 2022 03:03 PM

Panasonic to Make New Tesla Batteries in Japan After U.S. Snag

Company battles to boost output while ensuring quality and safety, and keeping costs low

Jan 26, 2022 02:35 PM

Solar Giant Jinko Opens Shanghai Trading at 800% Premium to U.S.

The shares of the world’s second-biggest module manufacturer rose more than 120% in early trading from the offer price of 5 yuan a share

Jan 26, 2022 02:33 PM

CX Daily: Major Evergrande Creditor Faces Wave of Bad Loans

Most Chinese provinces lower their GDP growth targets for 2022. A former senior banking regulator is expelled from the Communist Party for bribery

Jan 26, 2022 09:03 AM

IMF Slashes World Growth Outlook Citing China and U.S.

Global economy will expand just 4.4% this year, down from October estimate of 4.9%, as inflation rises and outlook for top two economies dims, fund says

Jan 26, 2022 06:07 AM

Yuan Advances to Record Against Peers as PBOC Seen Relaxing Grip

Trade surplus and seasonal demand fuel gains as authorities signal greater tolerance for currency strengthening

Jan 26, 2022 06:00 AM

China’s 2021 Fiscal Revenues Rise 10.7% from 2020

Government income tops goals as economy rebounds and producer prices rise, providing more resources and leeway for 2022 budgeting, Finance Ministry says

Jan 26, 2022 04:22 AM

China’s Environmental Watchdog Tells Local Authorities to Ensure Clear Skies During Winter Olympics

Proposed measures including curtailing operations of polluting companies and movement of vehicles to avert air pollution

Jan 25, 2022 08:54 PM

China Mulls Revisions to Sports Law to Better Protect Athletes’ Rights

Lawmakers are deliberating on proposed amendments that would also add teeth to regulations covering commercial sporting events

Jan 25, 2022 08:50 PM

Tech Insider: Foxconn’s Indonesian EV Foray, IDG Capital’s New Decarbonization Fund

E-commerce sales via Kuaishou jump as short-video platform’s losses grow, Geely partners with Renault to make vehicles in South Korea

Jan 25, 2022 08:25 PM

Evergrande Seeks More Time From Offshore Investors on Repayment

The developer wants to make a debt risk disposal plan that will protect parties’ interests

Jan 25, 2022 08:19 PM

Tencent-Backed Car Maintenance Startup Eyes Hong Kong Listing

Shanghai-based Tuhu is looking to build up capacity amid growing demand in the world’s largest auto market

Jan 25, 2022 08:07 PM

Japan Steps Up Quantum Push as U.S. and China Forge Ahead

In addition to supporting research and development, the Japanese government will consider offering tax breaks to help grow the market

Jan 25, 2022 06:54 PM

Luckin Founder’s New Meal Kit Startup Has a Familiar Business Model

A-Bite plans to spend huge on marketing and subsidies in order to build up its market share, a similar strategy used by the delisted coffee chain

Jan 25, 2022 06:50 PM

Where Investors Fleeing Chinese Property Are Putting Their Money

South Korea, Indonesia, Singapore, India, Malaysia and Japan all recorded capital inflows into corporate debt in the three months through Jan. 18

Jan 25, 2022 06:44 PM
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