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The Latest Breaking News from Caixin Global

School Gym Roof Collapse Leaves 11 Dead in Northeast China

The incident trapped 15 people in the rubble in Qiqihar, Heilongjiang province

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China’s Solar Exports Jump 13% in First Half on Europe Demand

In the six months through June, exports of silicon wafers, cells and modules reached more than $29 billion

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Russian Airstrike in Ukraine ‘Shook’ Chinese Consulate, Ministry Says

The blast occurred in the Black Sea port city of Odessa. No one in the building was hurt

Caixin Global

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Shanghai Composite Index Fell 0.06% on Friday

Shenzhen Component Index closed down 0.06%

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Weekly Must-Read: U.S. Sanctions Have Been Bad for Huawei, but Worse for Its Chip Design Unit

HiSilicon’s share of the global application processor market for smartphones has been bupkis for four straight quarters since April 2022, analyst report shows

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Former Telecom and Bank Executive Stands Trial for Taking $9 Million in Bribes

Li Guohua entered a guilty plea to charges of bribery and abuse of power

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Local Financial Regulatory Bodies Announce Names Changes in Sweeping Overhaul

Switch affects almost 350 local branches under the now-defunct CBIRC

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WeChat Lets Users Link Overseas Cards for Everyday Payments in China

Tencent’s ubiquitous platform now allows people from overseas with certain international bank cards to access tens of millions of merchants

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China Powers Up World’s First 16-Megawatt Offshore Wind Turbine

The country created the largest wind farm in operation by single-unit capacity after switching on the machine off the coast of Fujian province

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China Raises Overseas Borrowing Cap to Bolster Weakening Yuan

The country allows financial institutions and nonfinancial businesses to have more cross-border financing, in a move to increase the domestic forex supply

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Xi Praises Kissinger’s ‘Historic Contribution’ to U.S.-China Ties

The president met the former U.S. Secretary of State in the same villa where the veteran diplomat met then-Premier Zhou Enlai in July 1971

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Shanghai Composite Index Fell 0.92% on Thursday

Shenzhen Component Index closed down 1.06%

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Hainan Airlines Operator Plans Jet Buying Spree

Liaoning Fangda aims to expand the fleet from more than 800 to 1,000 in six years, as it attempts to turn around the former flagship carrier of bankrupt HNA Group

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Former Top Provincial Lawmaker Gets Life for Taking 1 Billion Yuan in Bribes

Sun Guoxiang, ex-deputy head of the Liaoning legislature’s standing committee, accepted money in exchange for favors that included helping companies obtain bank loans

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news in one place.

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Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed down 0.37%

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Former Top City Prosecutor Booted From Communist Party on Graft Charges

Zhao Jianwei, based in Dalian, Liaoning province, was found to have faked a divorce, used his positions to benefit his wife’s business, and helped

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Shanghai Composite Index Fell 0.37% on Tuesday

Shenzhen Component Index closed down 0.34%

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Shanghai Composite Index Fell 0.87% on Monday

Shenzhen Component Index closed down 0.63%

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news in one place.

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U.S. and China’s Top Diplomats Meet in Indonesia

Wang Yi, director of the party Central Committee’s foreign affairs office, says meeting with U.S. Secretary of State Antony Blinken was ‘an important step’ toward repairing ties

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China Plans to Boost Researcher Salaries in Areas Aligned With National Innovation Goals

The world’s second-largest economy is striving for greater self-sufficiency, especially in certain core industries, such as semiconductors, amid growing geopolitical concerns

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Shanghai State Media Veteran Investigated for Suspected Graft

Cheng Feng, a senior manager of Shanghai United Media Group, is suspected of ‘serious violations of discipline and law’

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Friday

Shenzhen Component Index closed down 0.14%

Caixin Global

Weekly Must-Read: China Looks to Saudi Arabia Amid Shifting Sands in U.S. Economic Ties

A recent flurry of political and business exchanges represents Beijing’s highest-level diplomatic engagement with Arab nations since the founding of the People’s Republic of China

Caixin Global

Beijing Office Vacancy Rate Rises to 13-Year High

Figures show hesitancy among businesses to put up the cash to rent workspaces amid an economic recovery

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Imax Proposes $124 Million Buyout Plan for China Unit

The transaction, expected to close later this year, will give the Canadian firm greater flexibility to pursue new opportunities and applications of its big screen technology in China

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