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The Latest Breaking News from Caixin Global

Former Vice Head of Banking Regulator Given Suspended Death Sentence in $80 Million Bribery Case

Cai Esheng admitted accepting the amount over a 15-year period, including during his retirement, a court in Jiangsu announces

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Former Shenzhen Mayor Admits Taking $15 Million in Bribes

Chen Rugui accepted kickbacks over two decades in exchange for favors such as help in securing projects and facilitating business operations

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Chinese Carmakers Begin Mass Rollout of Sodium-Ion Battery-Powered EVs

First batch of mini electric vehicles powered by the potential lithium-ion alternative roll off the production line at two companies

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Shanghai Composite Index Rose 0.68% on Friday

Shenzhen Component Index closed up 0.89%

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Ex-Central Bank Official in China Sentenced to Prison for Leaking State Secrets

Sun Guofeng also took bribes and engaged in insider trading, the country’s top prosecutor says

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China Boots Three Arms Executives From Top Political Advisory Body

Chinese People’s Political Consultative Conference decides to revoke the membership of executives from three state-run missile-makers, following recent leadership shakeups in the military

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Shanghai Composite Index Rose 1.38% on Thursday

Shenzhen Component Index closed up 2.71%

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Shanghai Composite Index Rose 0.54% on Wednesday

Shenzhen Component Index closed up 0.38%

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Scandal-Plagued Amethystum Says Controlling Shareholder Detained

Former Chairman Zheng Mu charged with securities fraud in connection with 2020 IPO

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Shanghai Composite Index Fell 0.68% on Tuesday

Shenzhen Component Index closed down 1.07%

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China’s Tsinghua University Names New President

Prestigious school promotes Li Luming, formerly one of its vice presidents and an expert in the integration of engineering and medical sciences

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Retired Dongfeng Motor Executive Becomes Latest to Fall Under Graft Probe

Tong Dongcheng joins several others at the state-owned automaker who have been caught up in a corruption campaign targeting the firms

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Shanghai Composite Index Rose 0.14% on Monday

Shenzhen Component Index closed up 0.38%

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Ex-Provincial Adviser Pleads Guilty to Taking Tens of Millions in Bribes

Yi Pengfei, former vice chairman of Hunan‘s political consultative conference, abused his power for almost 20 years, costing the province nearly $63 million in public assets

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news in one place.

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Shanghai Composite Index Fell 0.13% on Friday

Shenzhen Component Index closed down 0.39%

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Weekly Must-Read: China May Find Cure for Stagflation by Studying Japan’s Experience

As Japanese economy rises from slump, China’s woes look familiar

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Hong Kong Land Sales Plunge as Developers Remain Cautious

Economic slump is pushing down the price of Hong Kong land sales leaving city government with the threat of a record deficit

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Shanghai Composite Index Rose 0.57% on Thursday

Shenzhen Component Index closed up 1.08%

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news in one place.

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Caixin Global

AVIC Trust Fills One-year Vacancy with New Chairman Appointment

Acting general manager takes over as chairman at AVIC Trust a year after his predecessor stood down in connection with a graft probe

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Former Shanghai Chief Prosecutor Gets 13 Years for Bribery

Zhang Bencai pleaded guilty in August to taking nearly $7 million in exchange for helping people with their businesses and careers over 16 years

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Shanghai Composite Index Fell 1.03% on Wednesday

Shenzhen Component Index closed down 1.41%

Caixin Global

Country Garden Affiliated Property Manager Writes Down $576 Million

Share price plunges 11.5% as leading property manager’s profits are hit by prolonged debt crisis among developers

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Chinese Cities Greenlight Carmakers to Test L3 Self-Driving on Roads

Starting flag is waved as cities grant permits to motor manufacturers to test self-driving cars on designated Chinese highways

Caixin Global

Shanghai Composite Index Rose 0.05% on Tuesday

Shenzhen Component Index closed up 0.11%

Caixin Global

TikTok the First Non-Game App to Hit $10 Billion User Spending Milestone

Video-sharing platform on track to be highest earning mobile app ever with revenue topping $14.6 billion in 2024

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