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

: In Depth: How a Rich Child Rapist Bribed His Way Off Death Row
The heinous saga of Zhang Chenggong spotlights the long-standing problem of corruption in China’s judicial and prison systems

: Update: Chinese Tycoon Xiao Jianhua Sentenced to 13 Years in Prison, Conglomerate Fined $8 Billion
Former controller of sprawling Tomorrow Holding was swept up in the nation’s crackdown on financial risks

While both Asian financial hubs expected a shot in the arm from approving ‘blank check’ companies, the reception has been lukewarm

: 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

Tech Insider: Tencent Posts First Ever Revenue Decline, BYD Invests $4.2 Billion in Lithium Project

Electric carmaker Faraday widens loss in second quarter, XPeng launches fast-charging technology

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