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The Latest Breaking News from Caixin Global

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

Caixin Global

Shanghai Composite Index Rose 0.68% on Friday

Shenzhen Component Index closed up 0.89%

Caixin Global

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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

Caixin Global

Shanghai Composite Index Rose 1.38% on Thursday

Shenzhen Component Index closed up 2.71%

Caixin Global

Shanghai Composite Index Rose 0.54% on Wednesday

Shenzhen Component Index closed up 0.38%

Caixin Global

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Scandal-Plagued Amethystum Says Controlling Shareholder Detained

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

Caixin Global

Shanghai Composite Index Fell 0.68% on Tuesday

Shenzhen Component Index closed down 1.07%

Caixin Global

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

Caixin Global

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

Caixin Global

Shanghai Composite Index Rose 0.14% on Monday

Shenzhen Component Index closed up 0.38%

Caixin Global

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

Caixin Global

Shanghai Composite Index Fell 0.13% on Friday

Shenzhen Component Index closed down 0.39%

Caixin Global

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Caixin Global

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

Caixin Global

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

Caixin Global

Shanghai Composite Index Rose 0.57% on Thursday

Shenzhen Component Index closed up 1.08%

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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Caixin Global

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

Caixin Global

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

Caixin Global

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

Caixin Global

China Jails Organizers of Deadly 2021 Ultramarathon

Two provincial officials and five company employees that put on the race in Gansu province have been sentenced to between three and five-and-a-half years in prison

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