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The Latest Breaking News from 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

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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

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Shanghai Composite Index Fell 1.26% on Wednesday

Shenzhen Component Index closed down 2.4%

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U.S. Fiber-Optic Connector Maker Alleges Chinese Firms’ Imports Infringe Patents

US Conec files complaint with U.S. trade watchdog alleging violations of its intellectual property rights by 19 companies including five from the Chinese mainland

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Ex-Provincial Official Gets Life for Causing ‘Significant Loss’ to Public Assets and Bribery

Yi Pengfei, a seasoned Communist Party official from Hunan province, took $11.2 million in bribes over two decades

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PBOC Governor Says Property Market Shows ‘Positive Signs’

Real estate sector has a solid foundation for healthy development over the long term, China’s central bank chief, Pan Gongsheng, told the China Development Forum

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Ex-Official of China’s Banking Regulator Hit With Corruption Probe

Another Ex-Financial Regulator Expelled From Communist Party Over Graft Allegations

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Shanghai Composite Index Rose 0.17% on Tuesday

Shenzhen Component Index closed up 0.28%

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Tea Chain ChaBaiDao Readies for Hong Kong Listing

Regulator OKs chain to join wave of Chinese tea shops going public in Hong Kong

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Former Taiwan Leader to Make First Visit to Beijing

Ma Ying-jeou in April will embark on only his second trip to the Chinese mainland, stopping in the capital during an 11-day tour

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Shanghai Composite Index Fell 0.71% on Monday

Shenzhen Component Index closed down 1.49%

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Former Yoozoo Executive Sentenced to Death for Fatally Poisoning Chairman

In a case that gripped China, Xu Yao was found to have murdered Lin Qi due to a disagreement over management issues

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Weekly Must-Read: China’s Challenge to Fill the Multibillion-Dollar Insurance Blackhole

The insurance industry is sliding deeper into trouble, with slow sales, weak investment returns and low interest rates weighing on profits, fueling concerns that some may not be able to pay out maturing policies

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Shanghai Composite Index Fell 0.95% on Friday

Shenzhen Component Index closed down 1.21%

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CGN to Start Building Southeast Asia’s Largest Clean Energy Facility in Laos

Electricity generated in the Laos renewable energy base will be transferred to ease shortages in South China’s Yunnan province

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China Has Room to Further Cut Reserve Requirement Ratio, PBOC Official Says

Further reducing the RRR would channel more money into the financial system to fuel economic growth

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China’s Wealthy Ranks Shrank in 2022, Hurun Rich List Says

Neither the filthy rich nor mere millionaires were spared from the economic challenges of that year such as the Covid-19 pandemic

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Caixin Global

Shanghai Composite Index Fell 0.08% on Thursday

Shenzhen Component Index closed down 0.36%

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Cause of Deadly Crash Flight MU5735 Still a Mystery Two Years On

CAAC report says aircraft and crew met all requirements and analysis of damaged black boxes continues

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China’s Central Bank Adds New Monetary Policy Advisers

People’s Bank of China has updated its 14-member Monetary Policy Committee with four new names, including securities watchdog chief Wu Qing

Caixin Global

Shanghai Composite Index Rose 0.55% on Wednesday

Shenzhen Component Index closed up 0.21%

Caixin Global

China’s Former Counterterrorism Official Caught in Graft Probe

Liu Yuejin, the Ministry of Public Security’s first and only counterterrorism commissioner, is under investigation for suspected corruption

Caixin Global

Shanghai Composite Index Fell 0.72% on Tuesday

Shenzhen Component Index closed down 0.58%

Caixin Global

WeChat Pay Operator Approved to Raise Registered Capital to 15.3 Billion Yuan

With the increase, Tenpay’s registered capital will be more than 15 times higher than the current 1 billion yuan

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