Caixin

Cover Story: The Challenges Ahead for China’s Digital Yuan

In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure

China to Allow Insurers to Issue Perpetual Bonds to Replenish Capital

Measure will ease pressure on the industry, life insurers in particular, after the more stringent core-capital standards came into effect earlier this year

In Depth: 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

Caixin China Biz Roundup: New ‘Langya’ Virus Detected in China
Aug 12, 2022 06:45 PM
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Shanghai Schools to Reopen After Classes Suspended in March

Kindergartens, primary and secondary schools will reopen in September. Students will have to produce a negative Covid test result every day to attend classes

Aug 15, 2022 03:48 PM

China’s Stock Connect Program Adds Trading Days in Holiday Fix

The new measure will cut the number of days when trading isn’t allowed by about half

Aug 15, 2022 03:45 PM

China Shocks With Rate Cut as Data Shows ‘Alarming’ Slowdown

The PBOC lowered the rate on its one-year policy loans by 10 basis points to 2.75% and the seven-day reverse repo rate to 2% from 2.1%

Aug 15, 2022 03:42 PM

Shanghai Composite Index Ended Nearly Flat on Monday

Shenzhen Component Index closed up 0.33%

Aug 15, 2022 03:03 PM

Sinopec, U.S.- Listed China Stocks Wobble Amid NYSE Exit Woes

China Life and PetroChina announced plans to de-list their U.S. shares amid an ongoing spat over audits and rising tensions between Beijing and Washington

Aug 13, 2022 06:48 PM

China Hits ‘Liquidity Trap’ as Low Rates Fail to Spur Bank Loans

Despite banks being flush with cash, weak economic growth and turmoil in the property market means they are reluctant to lend

Aug 13, 2022 06:37 PM

Weekly Must-Read: Graft Scandal Casts Long Shadow Over China’s Chipmaking Ambitions

Wave of detentions and probes of executives call into question the future of the largest chip investment fund and the domestic industry

Aug 13, 2022 06:01 PM

Weekend Long Read: What Challenges Await Singapore’s New Leadership

With a clear succession line in place, the country’s fourth-generation leaders led by Lawrence Wong are poised to tackle widening inequality at home and contentious geopolitics marked by China-U.S. tensions in its backyard

Aug 13, 2022 10:00 AM

Huawei Reverses Six-Quarter Sales Slump as Diversified Businesses Offset Sanctions

Revenues for smartphone giant Huawei rise 1.4% in the second quarter on gains in other its business lines; Revenues still down 5.9% in the first half from year ago

Aug 13, 2022 04:37 AM

Battery Giants, Hyundai Concerned by U.S. Moves on China Supplies

South Korean EV industry frets over proposed U.S. tax credits aimed at boosting America’s EV production and limiting use of Chinese materials; South Korean trade officials warn U.S. plans may violate international trade rules

Aug 13, 2022 01:14 AM

Mercedes, CATL Partner on $7.6 Billion Hungary Battery Plant

Debrecen plant to build enough batteries per year to power more than a million cars; Automakers BMW, Stellantis, and Volkswagen on board as customers

Aug 13, 2022 12:50 AM

Fangda Injects $1.6 Billion More to Keep Hainan Airlines Flying

Carrier will use capital to ease financial pressure in the wake of Covid-19 lockdowns

Aug 12, 2022 09:09 PM

Charts of the Day: China’s Shrinking Overseas Construction Business

Total size of new contracts in the first half falls by over 6% amid the pandemic and war in Ukraine

Aug 12, 2022 08:31 PM

Tech Insider: Sanctioned SMIC Beats Estimates, BYD Heads to Thailand

Shein overtakes Amazon in U.S. downloads, Xiaomi to test self-driving cars

Aug 12, 2022 08:21 PM

Nepal and China Mull Cross-Border Railway Through Himalayas

Foreign Minister Wang Yi told his Nepalese counterpart that Beijing will fund a feasibility study on a railway this year as part of the Belt and Road Initiative

Aug 12, 2022 07:32 PM
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