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The Latest Breaking News from 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

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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

Caixin Global

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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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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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%

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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

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Shanghai Composite Index Rose 0.05% on Tuesday

Shenzhen Component Index closed up 0.11%

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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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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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Shanghai Composite Index Fell 0.4% on Monday

Shenzhen Component Index closed down 1.13%

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China Eyes 20% Annual Growth in Data Industry by 2026

Roadmap set out to double data transactions within two years with expansion in industries such as smart manufacturing, transport, healthcare and tourism

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Caixin Global

Subway Train Collision in Beijing Sends 515 Passengers to Hospital

Sixty-seven people remained in treatment as of Friday morning, with another 25 under observation, the local transport authority says

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First Saudi Stock Mutual Fund Submitted to Chinese Regulators for Approval

Huatai-PineBridge’s product, if approved, would invest in a Hong Kong-listed ETF that tracks the FTSE Saudi Arabia Index

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China Brokers Ceasefire Between Myanmar Military, Rebel Groups

China hosted peace talks where the ruling junta and three armed groups agreed to a temporary ceasefire and to maintain a dialogue

Caixin Global

Shanghai Composite Index Fell 0.56% on Friday

Shenzhen Component Index closed down 0.35%

Caixin Global

Weekly Must-Read: In China, Hydrogen’s Star Rises

As interest in the potentially environmentally friendly energy source grows, experts say cost-effective green versions of the gas are a long way off

Caixin Global

Former China Cinda Executive Under Graft Investigation

Retired vice president of bad debt management company suspected of ‘serious disciplinary and legal violations’ as crackdown on corruption in China’s finance industry intensifies

Caixin Global

China Cancels Thousands of Flights as Snow Blankets North

More than 4,330 passenger flights were canceled Wednesday and a further 1,278 on Thursday morning as blizzards hit from Xinjiang to Beijing

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