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The Latest Breaking News from Caixin Global

Shanghai Composite Index Ended Nearly Flat on Friday

China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.58%.

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Weekly Must-Read: Why Chinese PE and VC Firms Are Chasing Middle East Money

Firms are turning to the region’s sovereign wealth funds as it becomes increasingly difficult to raise capital from their traditional backers in China and the West

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Former ICBC Vice President Ousted From Party on Corruption Allegation

Expulsion comes after a six-month investigation by graft busters. The case now goes to authorities for review and prosecution

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Shanghai Composite Index Rose 0.83% on Thursday

Shenzhen Component Index closed up 1.55%

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Shanghai Composite Index Fell 0.61% on Wednesday

Shenzhen Component Index closed down 1.35%

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China Offers One More Year Visa Waiver for Travelers from 12 Countries

The number of foreign visitors tripled in the first quarter compared to last year as 1.99 million tourists entered China visa-free

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SAIC Motor Rebuts Claim It Held Back Info From EU Investigators

The Chinese automaker said it fully cooperated and provided all necessary information in accordance with WTO and EU rules

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Shanghai Composite Index Rose 0.22% on Tuesday

Shenzhen Component Index closed down 0.08%

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Chinese Airlines Profitability Improves as Travel Takes Off

China Southern Airlines is back in profit as Chinese travelers make 180 million trips in first quarter

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China’s Top Health Body Gets New Party Chief

Lei Haichao is promoted from vice minister, while ministerial role remains empty

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Shanghai Composite Index Rose 1.16% on Monday

Shenzhen Component Index closed up 2.0%

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Huawei Moves CEO of Terminal Business to Chairman Role

Chinese tech giant names Richard Yu, who has already served as CEO of the business arm that includes smartphones and smart car solutions for 10 years

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China’s Communist Party to Hold Key Plenary Session in July

Third plenum to concentrate on further deepening reform and advancing Chinese modernization, according to agency reports

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Shanghai Composite Index Fell 0.26% on Tuesday

Shenzhen Component Index closed down 0.9%

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While scanning QR codes is the ubiquitous payment method in China, it’s not available to most foreign visitors, making it a major hassle to even buy a coffee

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Flying Car Startup Volant Completes $13 Million Funding Round

The funds will be used for flight testing and to accelerate the airworthiness certification process, the company said

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Shanghai Composite Index Rose 0.79% on Monday

Shenzhen Component Index closed up 2.22%

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Top Investment Bank CICC Warned by Regulator for Compliance Flaws

CICC accused of breaking rules by hiring personnel not qualified to carry out securities business

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Nio to Stick to Making Pure-Electric Cars, Despite Hybrid Hype

Founder Li Bin predicts that, at some point, there will be a complete shift to entirely electric models in the Chinese market

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Senior Securities Regulator Under Corruption Probe

Yao Qian is director of the China Securities Regulatory Commission’s technology supervision department and IT service center

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Shanghai Composite Index Rose 1.17% on Friday

Shenzhen Component Index closed up 2.15%

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Xiaomi Expects Annual Car Delivery to Reach 100,000

SU7, Xiaomi’s electric vehicle, secured more than 75,700 orders in the 28 days since its launch

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Weekly Must-Read: Why China’s Project Whitelists Can’t Cure Real Estate Slump

Although the lists are helping many developers secure financing to finish their projects, there may not be enough demand for new homes to soak up the extra supply, bankers warn

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Former Head of Shanghai Legislature Charged With Bribery

Prosecutors accused Dong Yunhu of taking advantage of his positions to hand out favors

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Shanghai Composite Index Rose 0.27% on Thursday

Shenzhen Component Index closed up 0.14%

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