China Business Digest: Five Shanxi Lenders to Merge; Commercial Bank Bad-Loan Ratio Hits 11-Year High

Virus discovered on imported chicken wings in Shenzhen; China reports 19 new symptomatic Covid-19 cases

China’s Epidemic-Inspired Wildlife Ban Has Had Big Economic Costs

New rules have left businesses unable to sell animals valued at $1.58 billion

China’s Days as World’s Factory Are Over, IPhone Maker Says

Foxconn chairman says the company is gradually adding more manufacturing capacity outside the East Asian country

Turkish Sovereign Wealth Fund Courts China’s Belt and Road

As relations with the West suffer, Chinese initiative is more enticing

National Reserves Collect 18% Less Wheat in Year Through August

China added 42.9 million tons to its stockpiles in the year through Aug. 5, representing a drop of 9.4 million tons from the same period of 2019

Aug 13, 2020 07:33 PM

Caixin China Biz Roundup: Ban on Eating Wild Animals Leaves Bitter Aftertaste for Former Traders

In today’s episode: Wildlife traders struggle to transition to new industries following China’s crackdown on eating exotic animals; Cathay Pacific Airways' stock jumps the most in 12 years but the airline still sees turbulence ahead; and what American regulators can and cannot inspect when it comes to Chinese companies listed in the U.S.

Aug 13, 2020 07:25 PM

Caixin Insight: Big Week for the Securities Regulator

REIT details finalized, U.S.-China cross-border audit dispute continues, and the CSRC moves to deflate the credit rating bubble

Aug 13, 2020 07:20 PM

China Eases Entry Rules for Citizens of 36 European Countries

Citizens of nations including the U.K., Germany and France who were previously resident in the country can apply for visas without an invitation letter

Aug 13, 2020 01:33 PM

Port Logjam in Brazil Marks China’s Return to Sugar Market

The largest exporter of the sweetener has scheduled the shipment of 816,823 tons to the Asian nation in the coming weeks

Aug 13, 2020 01:28 PM

CX Daily: U.S. Financial Watchdogs Release Dispute Details with Chinese Counterparts

A Macao bank is freed from U.S. sanctions. Xiaomi faces a “complex” global environment, its CEO says. Plus, France opens a probe into TikTok

Aug 13, 2020 09:27 AM

Chinese Workers Bring Covid-19 Home from Middle East and Central Asia

Over past 3 days, most of 82 new imported infections arrived with Chinese citizens returning from the UAE and Kazakhstan, prompting aviation authorities to trigger ‘circuit breakers’

Aug 13, 2020 06:45 AM

Calpers Investment Chief Steps Down From $400 Billion Fund

China-born American citizen Ben Meng’s abrupt departure after months of controversy prompts California’s top finance official to demand an inquiry

Aug 13, 2020 06:41 AM

Cathay Shares Rise Most Since 2008 on Mainland Reopening Report

Resumption of transfer flights from Hong Kong would help traffic-starved airline, which paints a bleak picture of its second-half outlook amid pandemic aftermath

Aug 13, 2020 04:35 AM

Huawei Vows to Whack Cost of Lidar on Self-Driving Cars

Chinese tech giant plans to offer laser-based distance detection systems for about a 10th the price charged by the current industry leader, smart auto division chief says

Aug 13, 2020 03:43 AM
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