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

TOP STORIES

: Lower Fares and a Regional Focus Help China’s Private Airlines Win Race to Profitability
Carriers like Juneyao and Spring Airlines got back in the black ahead of their state-owned competitors in the first quarter, reversing the billions of yuan in losses logged for the same period last year

: Middle East Offers New Opportunities for China’s Belt and Road Investors, Analyst Says
Flush with cash from booming oil and gas sales, many countries in the region have the funds to pay for infrastructure construction

In Depth: China’s Proposed New Curbs on Private Securities Funds Spark Controversy

Draft rules tightening control of fundraising, investment and management have triggered concerns they will constrain securities funds’ freedom to execute their investment strategies

: China’s Factory Activity Gets Back to Growth, but Recovery Remains Patchy, Caixin PMI Shows
The manufacturing gauge rises to 50.9 as both supply and demand pick up, but a shrinking job market, waning optimism and low price levels pose headwinds

China Evergrande Unit Misses Payments on Wealth Management Products

A subsidiary of the debt-stricken developer says it didn’t have enough cash to repay investors

A-Share Database >>

Caixin Biz Roundup: Chinese EV Startup Looks Overseas as Domestic Business Stalls

Jun 01, 2023 06:54 PM

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LATEST NEWS

: China Slowdown Fear Is Starting to Show Up in South Korea
Global funds bought $11 billion of Korean debt in May, as a spate of weak data from its largest trading partner drives concerns the country’s growth recovery will be delayed
Jun 01, 2023 06:57 PM

: Caixin Biz Roundup: Chinese EV Startup Looks Overseas as Domestic Business Stalls
Alibaba cuts 7% of cloud unit’s staff, and Shein to launch an Amazon-like platform in U.S. to compete with Temu
Jun 01, 2023 06:54 PM

: Gallery: Children Celebrate Day of Their Own
Youngsters across China marked International Children’s Day this week with performances and other special events. Many schools and kindergartens began their activities for the day, bringing families together. International Children’s Day, which falls on Thursday this year, was established in November 1949 to promote the welfare and rights of children
Jun 01, 2023 06:51 PM

: Hong Kong’s Crypto Ambitions Get a Guarded Reception
The city’s new regulatory regime lets exchanges offer trading services if they secure and comply with licenses designed to shield investors from risky practices
Jun 01, 2023 06:48 PM

: Law Enforcement Personnel in Southwest China Detained for Assaulting Journalist
The police official and two auxiliary officers in Guizhou province were also dismissed from their positions for attacking the reporter, who was investigating the deaths of two local teachers
Jun 01, 2023 06:44 PM

: Asia’s Factories Signal More Pain as China Recovery Falters
With purchasing managers indexes dropping in export-driven economies like Taiwan and Vietnam, the negative effects of weak Chinese growth are expected to further impact the region's trading partners
Jun 01, 2023 06:40 PM

: China Names New Head of Communist Youth League as Twice-a-Decade Meeting Looms
Former vice governor of Jilin province, A Dong, has taken over as the first secretary of the secretariat of the league, which is known as the ‘helping hand and reserve force’ to the party
Jun 01, 2023 06:00 PM

: Shanghai Composite Index Ended Nearly Flat on Thursday
Shenzhen Component Index closed up 0.39%
Jun 01, 2023 03:03 PM

: Southern China Faces Tight Power Supply Amid Hot Weather
Demand in Guangdong surges just as supply from Yunnan hydropower plants dries up following low precipitation
Jun 01, 2023 05:24 AM

: Cargill to Sell China Poultry Business to Private Equity Firm
Slack demand and high production costs put profit under pressure in the world’s largest meat market
Jun 01, 2023 05:20 AM

: BRICS-Backed New Development Bank Issues Record $1.2 Billion of Panda Bonds
Yuan-denominated borrowings on China bond market will support international lender’s infrastructure and sustainable development projects
Jun 01, 2023 03:39 AM

: China Moves Forward With Plan for Shanghai International Reinsurance Market
Financial regulatory agency issues detailed implementation rules for reinsurance exchange to be built in Lingang New Area
Jun 01, 2023 03:20 AM

: China’s Housing Sales by Top Developers Slow as Rebound Falters
May deliveries fall 14.3% from April after gaining at least 29% in earlier months, showing that ‘the sector is still sick,’ analysts say
Jun 01, 2023 03:18 AM

: Chinese ChatGPT Rival Mobvoi Files for Hong Kong IPO
Google-backed AI business may raise $200 million to $300 million to fund further R&D and potential expansion investments
Jun 01, 2023 03:16 AM

: Commentary: What to Expect From Elon Musk’s Visit to China
Speculation is rife that the Tesla CEO could announce plans in connection with the launch of a revamped version of the Model 3 or the testing of its Full Self-Driving system in the country
May 31, 2023 08:20 PM