In Depth: Hong Kong’s Strategy to Break Cayman Islands’ Stranglehold on Offshore Funds

Legislation allowing private equity and venture capital funds to move their domicile from offshore tax havens goes into effect on Nov. 1, the final step in a long-standing plan

Ericsson Rethinks China Market Strategy as Revenue Dives

The Swedish telecoms equipment maker reported a 74% plunge in third-quarter revenue, following a 63% slide in the second quarter

Oct 21, 2021 08:09 PM

China’s Vice President Calls on Elite University Advisers to Promote an Open World Economy

Chaired by Apple CEO Tim Cook, the advisory board of Tsinghua University’s School of Management expressed willingness to contribute more to the country’s education and economic development

Oct 21, 2021 07:56 PM

Shenzhen Gives Huawei Sweet Deal on Plot of Industrial Land

Tech giant paid well below the price set by the local government for the over-500,000-square-meter parcel

Oct 21, 2021 07:51 PM

China Is Not Targeting the Private Economy With Its Regulatory Crackdown, Official Says

Xu Shanchang from the country’s top economic planning body notes that government measures are aimed at creating a fairer environment for all companies

Oct 21, 2021 07:45 PM

Central Bank Chief Says Evergrande Risks Are Controllable

Yi Gang, governor of the People’s Bank of China, says the risks posed by teetering real estate developer are isolated and systematic risks can be avoided

Oct 21, 2021 06:54 PM

He Yafei: It’s Time to Reaffirm Our Faith in the U.N. Charter

Only by working together, and not against each other, can nations break through crises and create a better, safer, unified and prosperous world

Oct 21, 2021 06:38 PM

Caixin China Biz Roundup: North Korean Robber Escapes Chinese Prison

Authorities on the look out for the fugitive; how the global supply chain crisis may not be resolved anytime soon; and another Chinese property developer goes into default

Oct 21, 2021 06:14 PM

Tesla Breaks Earnings Record as China Boosts Production and Demand

The U.S. carmaker’s Shanghai Gigafactory has become its main export hub

Oct 21, 2021 05:23 PM

IMF Says China Has Policy Options to Cushion Economy’s Slowdown

The pace of growth of the world’s second-largest economy is expected to slow in the coming years given challenges like deleveraging and an aging population

Oct 21, 2021 03:58 PM

Automakers Will Rev Up Electric Vehicle Output

Automakers are making many more electric vehicles to meet climate targets even as supply challenges limit sales growth

Oct 21, 2021 03:37 PM

Shanghai Composite Index Rose 0.22% on Thursday

Shenzhen Component Index closed down 0.05%

Oct 21, 2021 03:03 PM

Gallery: Three Die in Building Explosion in Northeast China

An explosion damaged buildings on a busy street Thursday morning in Shenyang, Northeast China’s Liaoning province, leaving at least three dead and more than 30 injured as of noon. Falling debris from the damaged buildings hit multiple vehicles, including a bus. The blast appears to have been caused by gas leak in a restaurant located in a mixed-use building. A rescue is underway with 110 firefighters on scene

Oct 21, 2021 02:49 PM

CX Daily: Xi Vows to Support Healthy Development of $6 Trillion Tech Sector

China’s top planner may intervene in the coal market. Internet giants will fix more problems by the end of this year, the head of the country’s banking watchdog says

Oct 21, 2021 12:12 PM

Vice Premier Liu He Declares China Property Market Risks Manageable

Liu seconds central bankers’ reassurance to investors and homeowners even as housing sales and values slide amid the Evergrande debt crisis

Oct 21, 2021 06:44 AM

Baoneng Slaps ‘For Sale’ Sign on Assets to Raise $15.6 Billion

Conglomerate struggling to shrink a $31 billion debt mountain tries to peddle office building, logistics park, land plots and financial holdings

Oct 21, 2021 06:28 AM
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