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

: In Depth: China Debates Pros and Cons of Open-Source AI Models
Making LLMs free for all to use can spur innovation and create opportunities, but might also make it difficult for their developers to turn a profit

: OpenAI Enforces Harsher API Restrictions on Unsupported Countries
Developers caught out as China, Russia, Iran and North Korea face block on API traffic

Offices required to submit extra information, invest more money locally

: Fosun Pharma Offers $692 Million to Privatize Innovative Drugmaker Henlius
Henlius share prices surges as buyout offer values the company at $1.71 billion

China Must Seek Growth by Exporting Its Manufacturing Expertise, Says TCL Founder

The future of China’s manufacturing industry must be to go global, says TCL chairman Li Dongsheng

Jun 21, 2024 09:29 PM

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: CX Daily: China Debates Pros and Cons of Open-Source AI Models
China’s regulator accepts Mizuho’s application to set up a securities firm. The Hong Kong Investment Corporation is increasing its bet on AI by investing in BioMap. Singapore scrutinizes family offices
Jun 26, 2024 09:45 AM

: Ride Hailing Firm OnTime Gets Green Light for Hong Kong Listing
Ride-sharing platform says it will use funds raised to promote autonomous driving and brand building
Jun 26, 2024 04:51 AM

: Japanese Mother and Boy Injured in Suzhou Knife Attack
Chinese woman on school bus is critically injured after trying to intervene
Jun 26, 2024 04:44 AM

: Hong Kong IPOs Expected to Bounce Back in Second Half of Year
China’s pledge to speed up approvals for listings outside the mainland bodes well for IPOs in Hong Kong
Jun 26, 2024 04:36 AM

: China’s Spacecraft Returns Home With Moon Dust From The Far Side
Samples collected by Chang’-6 will help scientists get a better understanding of the Moon, say experts
Jun 26, 2024 04:29 AM

: Novo Nordisk’s Wegovy Approved in China for Weight Loss
Weight-loss drug can go on sale in China where one in three is overweight and one in eight is obese
Jun 26, 2024 04:22 AM

: Commentary: The Building Sector Is Key to the Fight Against Climate Change
Building sector value chain is responsible for 37% of carbon emissions globally and involves industries for which it’s harder to slash emissions such as steel and cement, making its decarbonization all the more challenging
Jun 25, 2024 08:25 PM

: Ex-Provincial Head of Top Finance Regulator Caught in Graft Probe
Li Huatao, a former director of the NFRA’s Guizhou branch, is the latest official to be caught in a months-long inspection of the regulator launched in April
Jun 25, 2024 07:13 PM

: China’s Regulator Accepts Mizuho Application to Set Up Securities Firm
Japan-based financial institution is the latest foreign firm to apply to establish a wholly owned brokerage
Jun 25, 2024 06:16 PM

: Gallery: Deadly Blaze Engulfs Korean Plant
The fire broke out at a lithium battery factory near Seoul on Monday morning, killing 23 people, local media reported. Among the dead were at least 17 Chinese nationals, according to a statement from the Chinese embassy on Tuesday. Eight others were injured, including one Chinese. China’s ambassador in South Korea has pressed authorities to find the cause of the blaze, which ripped through the walls of the three-story building and left a gaping hole in the roof. The site is owned by battery-maker Aricell
Jun 25, 2024 05:56 PM

: Another Top Hospital Chief Caught Up in China’s Health Care Corruption Crackdown
Cheng Yingsheng, the president Tongji Hospital in Shanghai, is under investigation for ‘serious violations of discipline and law,’ the city’s corruption watchdog says
Jun 25, 2024 05:27 PM

: At Least 17 Chinese Killed in Korean Lithium Battery Plant Fire
The blaze broke out Monday morning at battery-maker Aricell’s three-story plant in Hwaseong
Jun 25, 2024 05:11 PM

: High-End Shanghai Apartments Are a Bright Spot a China’s Dismal Property Market
Recent buyers see luxury residences as an optimal choice, given the city’s financial hub status, the scarcity of supply, and the discount that new offerings boast
Jun 25, 2024 04:11 PM

: Shanghai Composite Index Fell 0.44% on Tuesday
Shenzhen Component Index closed down 0.83%
Jun 25, 2024 03:03 PM

: Canada to Curb China EV Imports as Trudeau Responds to Biden Move
Country’s auto industry is facing unfair competition from Beijing’s ‘intentional, state-directed policy of overcapacity,’ finance minister says
Jun 25, 2024 01:56 PM

: Hedging China EV-Makers Gets Pricey With Tariffs Looming
The cost of Li Auto options traded in Hong Kong is hovering around its highest level since February 2023 relative to the city’s benchmark stock index
Jun 25, 2024 01:47 PM