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

TOP STORIES

: In Depth: How a Liaoning Bank Got Sucked Into the Evergrande Vortex
Shengjing Bank’s biggest shareholder is Evergrande, and authorities are probing $15.5 billion of transactions between the property giant and the regional bank

: Optimism Among U.S. Companies in China Surges, Survey Finds
The American Chamber of Commerce in Shanghai also found most manufacturers have no plans to leave China

Caixin Explains: China’s Bottom Lines and Demands for Working With Washington
After Market Turmoil, China Securities Regulator Pledges to Make IPO Policies More Predictable

Smartphone-Maker Xiaomi Bets Bigger on Smart Cars

The Chinese electronics giant leads funding round in Shanghai-based auto microchip startup

: Caixin Explains: How Evergrande’s Hui Ka Yan Blew Up a $43 Billion Fortune
Tycoon’s wealth has fallen roughly 90% in four years, his property company is drowning in debt and even his soccer club is reportedly looking for a bailout

In Depth: How Evergrande Hid Its Debt

The embattled developer has shown itself to be a master at hiding debt, employing methods such as debt disguised as equity and acquisitions that have yet to be paid for

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LATEST NEWS

: China Drafts New Rules for Banks’ Overseas Yuan Lending to Boost Yuan Use
Regulators to relax curbs on types of loans but cap overall amount of a lender’s credit
Sep 23, 2021 09:34 PM

: Banks Try to Calm Market Jitters by Disclosing Debts Evergrande Owes Them
Many creditors say the risks posed by their exposure to the developer is ‘controllable’ as their loans are backed by sufficient collateral
Sep 23, 2021 09:00 PM

: Xi Sends Birthday Wishes to 100-Year-Old Nobel Laureate, U.S. to Relax Travel Restrictions, New Covid Vaccine
China, Russia and Pakistan send envoys on joint trip to Afghanistan, and delta outbreak in East China expected to be contained in a month
Sep 23, 2021 08:45 PM

: China’s Increasingly Inward Turn Could Bring ‘Negative’ Long-Term Impact, EU Firms Say
China should recommit to ‘increasing integration in global economy,’ chamber of commerce paper says
Sep 23, 2021 08:32 PM

: Beijing Opposes Taiwan’s Application to Join Pacific Trade Pact
Foreign Ministry statement comes after Taipei announced it had applied to join the CPTPP
Sep 23, 2021 08:26 PM

: Drugmakers Labeled ‘Seriously Dishonest’ Over Graft, Broken Contracts
The two blacklisted companies could get locked out of government procurement
Sep 23, 2021 08:22 PM

: Ling Huawei: China Wakes Up to Need for Antitrust Regulation
The essence of a modern market economy is fair competition to protect consumer rights and the long-term interests of society
Sep 23, 2021 08:06 PM

: Gallery: Delta Cases Rise in Two Parts of China
Delta continues to spread in two provinces, with East China's Fujian reporting 20 new local cases on Wednesday and Northeast China's Heilongjiang reporting 11 local cases since Tuesday, taking the combined total of the two provinces to 449. To curb the surge, officials have ordered mass Covid-19 testing and imposed lockdowns in the hardest-hit cities like Xiamen and Harbin
Sep 23, 2021 06:04 PM

: China Oceanwide Struggles to Save U.S. Deals as Evergrande Sways
Another big Chinese property developer is also facing a ticking clock, tied to projects in Manhattan, Los Angeles and Hawaii
Sep 23, 2021 04:47 PM

: Fisher: When Excess ‘Fat’ Is Great for Your Portfolio
Gross operating profit margins are key to finding high-quality growth potential. They offer a clear view of a firm’s ability to self-finance future expansion
Sep 23, 2021 03:51 PM

: China Stocks From Property to Tech Jump as Evergrande Hopes Rise
Investors are closely watching a bond interest payment due Thursday after the developer said a day earlier it had ‘resolved’ payment for an onshore note
Sep 23, 2021 03:46 PM

: China Releases $17 Billion to Banks Amid Evergrande Concerns
PBOC makes its biggest injection of short-term cash into the financial system since late January
Sep 23, 2021 03:43 PM

: Shanghai Composite Index Rose 0.38% on Thursday
Shenzhen Component Index closed up 0.77%
Sep 23, 2021 03:03 PM

: CX Daily: How Evergrande Hid Its Debt
China will not build new coal-fired power projects abroad, Xi Jinping says. Cross-border settlements in yuan surge to a record high
Sep 23, 2021 10:03 AM

: Banking Regulator Puts New Emphasis on Governance, Data Management
In first update to seven-year-old bank risk assessment criteria, CBIRC reduces the weight of profitability
Sep 23, 2021 05:52 AM