In Depth: China’s Bond Market Gets a Reprieve in WMP Overhaul

Regulators gave providers of wealth management products an extra year to restructure their money market-like offerings, easing pressure to dump bonds

185 Million Chinese Men Follow Beauty Influencers, Pork Suppliers Slash Output, Guangzhou’s Rapid Covid Infection

The 10 most-read domestic stories on Chinese social media also include Shanghai’s minimum wage hike and Taiwan travelers diagnosed with Covid-19

Jun 24, 2021 08:30 PM

India Warns of Third Wave of Covid-19, Death of Antivirus Software Pioneer, the Upper Limit of Humans’ Lifespan

Chinese social media users continue to follow the story on the reduction of swimmer Sun Yang’s ban from competition, Foreign Ministry urges Chinese nationals to get out of Afghanistan

Jun 24, 2021 07:51 PM

Bad-Asset Manager Huarong Repays $250 Million Bond as Default Worries Persist

The embattled company says it’s ‘diligently’ repaying debt amid rising concerns about its financial health

Jun 24, 2021 07:20 PM

Gallery: Caixin Summer Summit Takes on Challenges, Solutions

Leading figures from the political, business, financial and medical fields attended the Caixin Summer Summit 2021 in Beijing. Held online and offline concurrently this year, the summit featured speeches, forums, and roundtables on topics focused on the theme ‘Challenges and Solutions.’ Caixin Media Publisher Hu Shuli delivered an opening speech at the event Thursday morning

Jun 24, 2021 07:00 PM

Caixin China Biz Roundup: Hong Kong’s Housing Crisis

The world’s priciest property market keeps getting more expensive; China will release a variety of metals from its national strategic reserves for the first time in a decade; and things aren’t going so swimmingly for star athlete Sun Yang

Jun 24, 2021 06:35 PM

Shared Bike Operator Hello Inc. Waves Goodbye to New York IPO — For Now, Source Says

News of the postponed listing comes one day after the 11th hour withdrawal of a similar-sized offering by dating app operator Soulgate 

Jun 24, 2021 06:23 PM

Caixin Summit: Bank Regulatory Official Warns of Inflation’s Impact on China’s Businesses

CBIRC’s Yu Xuejun urges lenders to prepare to deal with any potential fallout from growing inflation

Jun 24, 2021 05:12 PM

Caixin Summit: Hong Kong to Complement China’s Latest Five-Year Plan: Carrie Lam

City has set up an interagency joint working group on the matter, its chief executive said at the Caixin Summer Summit

Jun 24, 2021 04:59 PM

Opinion: Why China Can’t, and Shouldn’t, Control the Yuan Exchange Rate (Part 1)

The problems associated with maintaining the U.S. dollar as the world’s sole reserve currency help reinforce the case for RMB internationalization

Jun 24, 2021 04:14 PM

China Boost Short-Term Cash Injection for First Time Since March

The increase, though made in part to offset seasonal tightness, represents a shift in the PBOC’s approach in managing liquidity

Jun 24, 2021 04:00 PM

Major Evergrande Creditor Says It Has Cut Exposure to Debt-Ridden Developer

Concerns about financial health are mounting as the real estate giant struggles to convince banks like Minsheng that it can execute on a deleveraging plan

Jun 24, 2021 03:56 PM

Bubble Tea Chain Brews Up $656 Million Hong Kong IPO

Nayuki plans to use new funds to expand its teahouse network, deepen market penetration and strengthen its supply chain

Jun 24, 2021 03:50 PM

Taiwan Chip Company Warns Against Rush to Expand Capacity

Chang Wah chairman says a market correction is inevitable given how many chipmakers are ramping up output to tackle shortages

Jun 24, 2021 03:43 PM

Shanghai Composite Index Ended Nearly Flat on Thursday

Shenzhen Component Index closed down 0.4%

Jun 24, 2021 03:03 PM

CX Daily: What’s Stopping Hong Kong From Fixing Its Housing Crisis?

China launches a probe into commodities while the country will release metals from its strategic reserves

Jun 24, 2021 09:20 AM
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