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The Latest Breaking News from Caixin Global

Property Management Firms See Profits Rise as Ties to Debt-Laden Developers Severed

Adjustment of business strategies allows property management companies to earn more than half their income from third parties

Caixin Global

Eight Missing After Fishing Boat, Container Ship Collide in South China Sea

The cargo vessel is operated by Hong-Kong headquartered SITC International, one of the world’s largest shipping companies

Caixin Global

Another Provincial Graft Buster Busted for Graft

Zhang Ping, deputy secretary of Guizhou’s discipline inspection commission, is suspected of ‘serious violations of discipline and law’

Caixin Global

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Zeekr Upgrades Popular Model as EV Competition Heats Up in China

The carmaker, a subsidiary of auto giant Geely, has added 14-way adjustable front seats, heated rear seats, and a high-end sound system to the 007 sedan’s basic version

Caixin Global

Shanghai Composite Index Fell 0.18% on Wednesday

Shenzhen Component Index closed down 0.44%

Caixin Global

Two Ex-Executives of CNOOC Fall Amid Anti-Graft Storm

Two more industry veterans face probe as authorities target corruption in sprawling state-owned sector

Caixin Global

Another of China’s Former Justice Ministers Faces Graft Probe

Investigation into Tang Yijun comes after his predecessor was convicted of corruption in 2022

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Former Chairman of State-Owned Automaker Caught in Corruption Dragnet

Anhui province graft busters are investigating An Jin three years after retiring from the JAC Group

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Shanghai Composite Index Fell 0.08% on Tuesday

Shenzhen Component Index closed down 0.62%

Caixin Global

China Welcomes More Foreign Travelers as Visa Waiver Expands

Efforts to attract visitors bear fruit but visits still lag pre-pandemic levels

Caixin Global

Shanghai Composite Index Rose 1.19% on Monday

Shenzhen Component Index closed up 2.62%

Caixin Global

Chinese Wind Turbine Makers Feel the Pinch of Fierce Competition

World-leading firms see margins fall as equipment prices trend lower

Caixin Global

Caixin Top Stories of the Month: Local Governments Struggle to Tackle Mountain of Hidden Debt

Progress has been slow as many authorities experience difficulties in refinancing the borrowings of their financing vehicles and banks worry about potential bad debts

Caixin Global

Shanghai Composite Index Rose 1.01% on Friday

Shenzhen Component Index closed up 0.62%

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Caixin Global

Weekly Must-Read: China IPO Slowdown Pits Startups Against Investors

As companies miss listing deadlines, they are increasingly becoming mired in disputes with their early-stage investors who want their money back

Caixin Global

Ex-Head Coach of China’s National Soccer Team Pleads Guilty to Bribery Charges

Former coach accepted bribes, paid bribes, manipulated player selections and match outcomes

Caixin Global

Citic Securities Denies Short Selling After Shanghai Stocks Drop Most in a Month

Top brokerage condemns ‘false and untrue information’ that has damaged the company’s reputation

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PetroChina Seeks to Shape Up Its Lackluster Overseas Business

The state-owned oil and gas giant’s foreign endeavors generated one-third of its revenue in 2023, but less than a fifth of its pre-tax profit

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Caixin Global

HSBC Launches Tokenized Gold Product in Hong Kong

The Gold Token is aimed at retail investors and is part of the government’s drive to build the city into a global virtual assets hub

Caixin Global

Shanghai Composite Index Rose 0.59% on Thursday

Shenzhen Component Index closed up 1.31%

Caixin Global

Beijing Scraps Homebuying Curbs on Divorcees in Further Easing Move

City makes a further move to ease restrictions on home purchases in a bid to boost the real estate market

Caixin Global

Chinese Hospital Association Removes Missing Vice President

Fang Laiying, a retired senior health official from Beijing, was booted by the CHA after nearly 10 months out of the public eye

Caixin Global

Smaller Chinese Banks Trim Deposit Rates to Protect Profit Margins

One Guangdong province-based bank lowers rate on five-year time deposits to 2.5% from 2.7% as expectations grow for a continued decline in loan rates

Caixin Global

China’s Central Bank Appoints New Deputy Governor

PBOC promotes Tao Ling, a veteran official, as its fifth deputy

Caixin Global

Shanghai Composite Index Fell 1.26% on Wednesday

Shenzhen Component Index closed down 2.4%

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