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

: In Depth: Has China’s Monetary Policy Reached Its Limit?
Structural changes in the economy and weak demand for credit are limiting the effectiveness of interest rate cuts and other monetary policy tools

: China Announces Tax Breaks to Kick Start Personal Pensions Market
New policies to exempt contributions and lower levies on withdrawing funds are aimed at boosting participation as the country tries to shore up a flagging pension system

As debt-laden property developers retreat from the land market, local governments are looking for solutions to reverse a revenue slump

: Anxin Revives Trust Business as Revamp Nears End
Regulators lift freeze on troubled company’s core revenue source following government bailout and three-year overhaul

PBOC Launches $27.6 Billion Credit to Support Business Upgrades

Central bank lending program responds to State Council order to support equipment improvements as part of efforts to bolster the economy

Caixin China Biz Roundup: Rape Allegations at Acting School Spark Uproar

Sep 23, 2022 08:56 PM

00:00/00:00

: Merck in Deal With Sinopharm to Bring Covid Antiviral to China
Drugmakers consider technology transfer to crank up production once the treatment wins regulatory approval
Sep 29, 2022 03:31 AM

: China Construction Bank to Set Up Consumer Finance Unit
State-owned banking giant’s new $835.9 million business joins similar lending platforms set up by Bank of China and Postal Savings Bank of China
Sep 29, 2022 03:26 AM

: How Singapore and Hong Kong Stack Up as Financial Centers
As Hong Kong moves to end its Covid isolation, the city retains advantages in equities, pay and forex, while Singapore leads as a wealth center
Sep 29, 2022 03:19 AM

: China Warns Speculators Not to Bet Against the Yuan
Central bank steps up jawboning defense as the currency drops to its lowest value against the rampant dollar in 14 years
Sep 29, 2022 03:13 AM

: Toyota, Hyundai to Sell Hydrogen-Fueled Passenger Cars in China
The auto giants’ plans mark a shift for the Chinese market, which has so far been dominated by commercial vehicles
Sep 28, 2022 08:58 PM

: Director of Onetime Apple Camera Module Supplier Detained in Zhejiang
Cai Gaoxiao, brother of founder Cai Rongjun, has resigned and is being held by police over ‘personal case,’ firm says
Sep 28, 2022 08:46 PM

: Gallery: Foul Play Suspected in Gas Pipeline Leaks
Europe is investigating what it calls likely sabotage after gas leaks were discovered in the waters above the Nord Stream twin pipelines near the Danish island of Bornholm. A cornerstone of Europe’s energy supply, the Nord Stream projects transport natural gas from Russia to Germany under the Baltic Sea. But some Central and Eastern European countries have in the past raised concerns that Russia could wield the pipelines as a geopolitical tool
Sep 28, 2022 08:11 PM

: Gallery: Shanghai Library Unveils Dazzling New Branch
Shanghai Library East, located in Pudong New Area, officially opened to the public on Wednesday. The Danish-designed facility spans 115,000 square meters and, as one of the city’s newest cultural landmarks, expects to receive 4 million visitors a year
Sep 28, 2022 08:07 PM

: Top Stories of the Month: China’s Mortgage Boycott Epicenter Gives Developers an Ultimatum
Local governments in China have been making efforts to jump-start the country’s flagging real estate sector
Sep 28, 2022 06:51 PM

: Colleges Cut October National Holiday Short Amid Covid Concerns
Universities in places including Jiangsu, Shandong and Hunan have joined Beijing in cutting the seven-day holiday short, as students complain that opaque virus prevention policies have made them wary of leaving campus
Sep 28, 2022 06:40 PM

: China’s Currency Falls to Weakest Since 2008 on Signs PBOC Is Easing Grip
The onshore yuan has depreciated more than 4% against the dollar this month and is on track for worst annual loss since 1994
Sep 28, 2022 03:10 PM

: Bangladesh Sets Sights on Yuan Trade as Cushion Against Mighty Dollar
Shrinking forex reserves spur the South Asian country to scramble for alternative currency arrangements
Sep 28, 2022 03:06 PM

: Shanghai Composite Index Fell 1.58% on Wednesday
Shenzhen Component Index closed down 2.46%
Sep 28, 2022 03:03 PM

: CX Daily: Cash-Strapped Local Governments Turn to Financing Vehicles to Plug Fiscal Shortfalls
China’s Communist Party elects delegates ahead of the 20th National Party Congress. Gome struggles to pay staff and plans to restructure its debt
Sep 28, 2022 08:45 AM

: Alleged U.S. Cyberattack Targeted China’s Key Telecom Infrastructure
Unit of top American spy agency seized control of leading Chinese research university’s core network in sophisticated, sustained attack, report finds
Sep 28, 2022 04:01 AM