Weekend Long Read: Is Someone Stealing Chinese New Year?

The shift to saying ‘Happy Lunar New Year’ is in no way a plot against Chinese culture, or an attempt to steal this festival, which cannot, after all, be stolen

China’s New Bank Loans Grew 6.8% Last Year, PBOC Says

The nation’s banks extended $3.15 trillion in new yuan-denominated loans in 2022, mainly driven by corporate borrowing

Fugitive Hong Kong Mogul Auctions Up to $2 Million in Luxury Handbags

Joseph Lau Luen-hung is selling 77 rare Hermès bags in the largest single-owner handbag sale ever held in Asia, according to Sotheby’s

China Protests U.S. Downing of Chinese Unmanned Airship, Says It’s ‘Clear Overreaction’

Beijing says it will ‘resolutely safeguard’ the rights and interests of the company concerned and that the country reserves the right to make further responses if necessary

Yangtze Memory Kicks Terminated Workers Out of Apartments

Amid sanctions and semiconductor slump, Chinese state-owned chipmaker cuts 5%–10% of employees and picks a fight with them over subsidized Wuhan housing

Caixin-Sinica Business Brief: China Overhauls IPO Rules
Feb 04, 2023 07:19 PM

China Regrets That Balloon Strayed Into U.S. Airspace, but Won’t Tolerate Hype

The Chinese side regrets the unintended entry of the airship into U.S. airspace due to force majeure, while the two sides communicated with each other on how to deal with a chance occurrence in a calm and professional manner

Feb 05, 2023 12:46 AM

Caixin-Sinica Business Brief: China Overhauls IPO Rules

Top securities regulator rolls out registration-based IPO system for Shenzhen and Shanghai main boards, IMF upgrades China’s GDP forecast, and trucking startup TuSimple denies report of potential U.S. spying probe

Feb 04, 2023 07:19 PM

Morgan Stanley Wins Control Over China Fund as Competition Heats Up

American bank joins JPMorgan in buying out local partner to expand its footprint in the $3.86 billion Chinese mutual fund industry

Feb 04, 2023 03:40 AM

China Clashes With IMF Over Property Downturn, Growth Rate

International Monetary Fund says China needs to do more to resolve the real estate crisis and spur growth, earning a sharp rebuke from Beijing

Feb 04, 2023 03:35 AM

Former CSRC Accounting Head Expelled From Communist Party

Wang Zongcheng found to have accepted bribes from supervision targets in exchange for securities regulatory information

Feb 04, 2023 03:12 AM

China Plans Regulatory Rating System for Life Insurers to Curb Risks

Companies with the highest rating will have more freedom to develop while those with the lowest will see their operations restricted

Feb 03, 2023 09:11 PM

China May Scrap Limit on Municipal Land Sales to Boost Fiscal Revenue, Sources Say

Notice sent to local governments in December failed to mention the annual auction cap on land parcel sales, indicating it might no longer be in effect

Feb 03, 2023 08:53 PM

Update: Seven Things to Know About China’s Latest IPO System Overhaul

After testing the registration-based mechanism in China’s three smaller markets, regulators are now planning to roll it out to the two main boards

Feb 03, 2023 08:46 PM

Gallery: Dragons, Drums Kick Off Lantern Festival

China marked the lead-up to the annual holiday with traditional festivities including dragon dances, drum performances and lantern shows. Celebrated on the 15th day of the first month of the Chinese lunar calendar, the event marks the end of the Spring Festival and the first full moon of the new year. This year it falls on Sunday

Feb 03, 2023 08:40 PM

Chartered Flights Show China’s Coastal Labor Shortage Is Getting Serious

Hiring private planes is just one measure provinces like Guangdong and Fujian have taken to get migrant workers back on the job as factories ramp up production with the end of ‘zero Covid’

Feb 03, 2023 08:16 PM

Tech Insider: AI-Robot Maker UBTech Seeks IPO, U.S. Lawmaker Takes Aim at TikTok

XPeng flying car unit gets approval for manned testing, auto insurer Cheche seeks back-door listing

Feb 03, 2023 08:01 PM

Gallery: China’s Star Sprints to Gold

Su Bingtian gained his first gold of the season Thursday, winning the men’s 60-meter final with a time of 6.59 seconds at the World Athletics Indoor Tour 2023 Gothenburg Games in Sweden. Su won international recognition in 2021 after setting a new Asian record in the men’s 100-meter sprint at the Tokyo Olympics. In 2019, he clocked 6.42 seconds in the men’s 60-meter final during the IAAF World Indoor Championships, making him one of the all-time top five fastest runners in the event

Feb 03, 2023 07:53 PM

In Depth: Chinese Students Hoping to Study Abroad Return to a Changed World

Candidates from China face more competitive admissions overseas and an altered job market after graduation

Feb 03, 2023 07:31 PM

China’s EV Market Downshifts on Scaled-Back Incentives

Retail sales of electric and hybrid vehicles over the first 27 days of January plunged 43% to 304,000, down 1% from a year earlier, industry data show

Feb 03, 2023 06:41 PM

Opinion: How China’s Chip Industry Should Respond to the U.S.-Japan-Netherlands Alliance

A recently established partnership between the three countries threatens to cut China’s access to key chipmaking equipment, so Chinese firms must move quickly to secure international cooperation where it can be found

Feb 03, 2023 05:38 PM
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