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

TOP STORIES

: In Depth: Missfresh Implosion Highlights Bitter Business of Selling Groceries Online
High costs and fierce competition have made it hard for companies in the instant grocery delivery game to turn a profit

: Fugitive Behind $15 Billion Myanmar Business Hub Arrested in Thailand
She Zhijiang could face up to 10 years in prison if convicted of running an illegal casino

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

: Sichuan Rations Electricity for Factories as Drought Curbs Supply
This week’s large-scale production halt affects leading makers of solar power equipment including Tongwei Co. and GCL-Poly Energy

Hong Kong Loses Investment Fund Jobs Under Covid Controls

Survey by trade group finds that more than a third of money managers moved positions elsewhere because of disease management limits on travel

A-Share Database >>

Caixin China Biz Roundup: China Cuts Key Interest Rates as Economy Weakens

Aug 16, 2022 06:28 PM

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LATEST NEWS

: BYD Pours $4.2 Billion Into Jiangxi Lithium Project
China’s top electric-car and battery maker joins CATL and Gotion High Tech with investments in lithium-rich Yichun city
Aug 17, 2022 03:55 AM

: Ant’s Valuation Slashed by Fidelity, Blackrock and T. Rowe Price
Global investors that bought private shares knock billions of dollars off estimates for fintech giant amid government-driven restructuring
Aug 17, 2022 03:49 AM

: Spanish Reinsurance Giant to Set Up Beijing Unit
Mapfre Re gets regulatory green light to join a long list of global competitors in China’s booming insurance industry
Aug 17, 2022 03:42 AM

: Tencent-Backed Giants Dive on $24 Billion Meituan Sale Talk
Shares of Meituan, Kuaishou, Bilibili and Pinduoduo slip on report that Tencent may ditch Meituan under government pressure
Aug 17, 2022 03:41 AM

: Tech Insider: China’s New Ride-Hailing Unicorn, Mini-EV Firm’s Drive Into Indonesia
CATL’s new $7.6 billion Hungary plant, CPU-maker’s big Shanghai debut
Aug 16, 2022 08:18 PM

: Haidilao’s Profit Warning Has a Silver Lining for Investors
The Chinese hotpot chain estimates it was in the red to the tune of least $33 million in the first-half as it implemented a turnaround plan
Aug 16, 2022 08:04 PM

: Trending in China: Social Media Users Question Interrogation of Kimono-Wearing Cosplayer
A viral video of a woman in a white kimono being stopped by police in Suzhou topped Weibo’s trending stories on Monday, the anniversary of the Japanese surrender in World War II
Aug 16, 2022 07:16 PM

: Caixin China Biz Roundup: China Cuts Key Interest Rates as Economy Weakens
Unexpected decision suggests growing concern over severity of slowdown; youth unemployment hits a record high, again; and Shanghai to reopen schools in September
Aug 16, 2022 06:28 PM

: Gallery: Aging Theme Park to Get $73 Million Facelift
Guangzhou’s Nanhu Amusement Park is about to receive a major renovation. Southern China’s first theme park is showing signs of its age since opening in 1985. The city government plans to invest about 500 million yuan in the park, which will be open 24 hours a day and feature esports venues and night markets
Aug 16, 2022 04:26 PM

: PBOC Sets Weaker Fixing After Yuan Tumbles to Three-Month Low
Analysts expect the gap between U.S. and Chinese interest rates to continue to widen this year as the Fed continues to tighten
Aug 16, 2022 03:11 PM

: Shanghai Composite Index Rose 0.05% on Tuesday
Shenzhen Component Index closed up 0.08%
Aug 16, 2022 03:03 PM

: Beijing Sanctions More Individuals in Taiwan in Response to U.S. Congressional Visits
The sanction list includes seven politicians on the island, including its representative in Washington, Hsiao Bi-khim, who was referred to as one of several ‘stubborn Taiwan independence players’
Aug 16, 2022 01:46 PM

: Oil Extends Losses on Global Slowdown and Chance of More Supply
WTI futures slid toward $88 a barrel after falling around 5% over the previous two sessions
Aug 16, 2022 01:23 PM

: CX Daily: The Challenges Ahead for China’s Digital Yuan
Flash floods in Sichuan province kill seven people. China’s youth unemployment rate rises to another record
Aug 16, 2022 08:35 AM

: China’s Housing Market Weakens Further Amid Shaken Confidence
July new-home prices decline in 40 major cities while values of existing units drop in 51 as the property market loses more steam
Aug 16, 2022 05:07 AM