Caixin

Alibaba, JinkoSolar Hold Onto Investor Favor After China Stock Sell-Off

Hillhouse unit and Renaissance Technologies build new positions in the e-commerce giant and the solar panel manufacturer as others offload Chinese shares at risk of U.S. delisting

Caixin China Biz Roundup: Chinese Ambassador Warns U.S. Against Meddling in Taiwan
Aug 19, 2022 04:54 PM
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Ganfeng Strikes Deal to Provide ‘Cost-Effective’ Lithium for State Giant’s EVs

The Chinese metals group signs a strategic cooperation agreement with GAC Aion as automakers scramble to offset the surging price of the key battery raw material

Aug 19, 2022 08:22 PM

Bona Film’s Shares Jump in Shenzhen Debut as Profit Surges

Major studio’s stock was up close to 60% by its second day of trading, hitting the intra-day limit

Aug 19, 2022 08:12 PM

Former Provincial Police Chief Pleads Guilty to Taking Nearly $20 Million in Bribes

Xue Heng is the third head of Liaoning’s public security department to fall under a graft investigation in two years

Aug 19, 2022 08:08 PM

Doctor Suspended for Irregular Treatments at Top University Hospital

Liu Xiangfeng was accused of often barging onto wards at night to seek patients to operate on in order to make extra money

Aug 19, 2022 07:45 PM

China Green Bulletin: Sichuan Cuts Power, High-Tech’s Dual-Carbon Goals

Climate envoy speaks to U.N. climate chief, Guangdong breaks ground on coal plants, national power demand outstrips supply

Aug 19, 2022 07:31 PM

Gallery: Sizzling Summer Sears Europe

Soaring temperatures and scant rain across Europe have led to the continent’s worst drought in 500 years, with many rivers and lakes running dry. Parts of the Rhine, one Europe’s major rivers, have dried up, halting transport of products such as grain and fuel along the waterway

Aug 19, 2022 07:24 PM

Gallery: Deadly Flash Floods Hit Northwest China

Flash flooding swept villages in Northwest China’s Qinghai province, leaving at least 17 dead and 17 missing. Triggered by a rainstorm on Wednesday night, the flooding washed away roads and houses in six villages, impacting more than 6,200 people. The search and rescue work at the damaged sites is still underway. The government has earmarked relief funds for the recovery of the flood-affected areas

Aug 19, 2022 05:22 PM

CTG Duty Free Raises $2.1 Billion in Hong Kong’s Biggest Listing of the Year

The world’s largest retailer for travelers sold 102.8 million shares for about $20 each, even as a Covid outbreak in its biggest market threatens its business

Aug 19, 2022 05:02 PM

Caixin China Biz Roundup: Chinese Ambassador Warns U.S. Against Meddling in Taiwan

Top envoy tells Washington not to further escalate tensions; visitors to Hong Kong grow after easing of Covid controls; and the latest on China’s top steelmaker

Aug 19, 2022 04:54 PM

Shanghai Composite Index Fell 0.59% on Friday

Shenzhen Component Index closed down 1.27%

Aug 19, 2022 03:03 PM

Tesla, SAIC Motor Seek Help as Southwest China Power Cuts Hits Suppliers

The two carmakers informed authorities in Shanghai, where they have factories, that key parts of their supply chains may be impacted by electricity restrictions in Sichuan, sources say

Aug 19, 2022 02:04 PM

Indonesia May Impose Nickel Export Tax This Year, President Says

Joko Widodo wants the nation to move up the electric vehicle supply chain

Aug 19, 2022 01:59 PM

Weekly Must-Read: Bailouts Multiply as Pressure Mounts to Stabilize China’s Housing Market

Rescuing individual projects may defuse mortgage boycott but further action may be needed to restore confidence, analysts say

Aug 19, 2022 01:49 PM

Fish Are Now Being Tested for Covid in China as Cases Hit Three-Month High

Over 2,000 cases were reported on Hainan Island, while tourists are trapped in Tibet and Xiamen fishermen and their catch are being tested

Aug 19, 2022 01:38 PM

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

China’s top envoy in the U.S. urges Washington to refrain from further inflaming tensions over Taiwan.

Aug 19, 2022 08:43 AM
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