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The Latest Breaking News from Caixin Global

Huawei Bucks Trend of Plunging China Smartphone Sales

The brand saw a 76% increase in shipments in the domestic market, the only major local name to log growth during the second quarter

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BYD Hires 30,000 College Graduates So Far This Year, Sources Say

Around 80% of the new recruits will fill R&D positions at China’s best-selling car brand

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Editorial: How to Best Understand an Economic Recovery’s Ups and Downs

Private sector economics forms the backbone of the ongoing recovery. How well these companies do serves as the ultimate yardstick in measuring policy effectiveness

Caixin Global

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Shanghai Composite Index Rose 0.46% on Monday

Shenzhen Component Index closed up 0.75%

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China Seeks Feedback From Private Sector on What It Can Do Better

The State Council has launched a platform asking private businesses to share the difficulties they face in bid to bolster confidence and fuel economic recovery

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Shanghai Composite Index Rose 1.84% on Friday

Shenzhen Component Index closed up 1.62%

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Weekly Must-Read: China Vows to Create a ‘Bigger, Better, and Stronger’ Private Sector

Measures aim to create a more level playing field for private businesses and entrepreneurs amid sluggish economic growth

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Shanghai Composite Index Fell 0.2% on Thursday

Shenzhen Component Index closed down 0.41%

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Head of China’s First Intellectual Property Court Expelled From Party

Su Chi, the ex-party chief of the Beijing court, was involved in improper sexual behavior and broke the law as a law enforcement officer, local graft busters say

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Shanghai Composite Index Fell 0.26% on Wednesday

Shenzhen Component Index closed down 0.47%

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Chinese Battery Material Supplier Expands in South Korea

Ningbo Ronbay New Energy wins clearance to more than triple its South Korean production capacity

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Wang Yi Replaces Qin Gang as Foreign Minister

Qin Gang, who was last seen in public on June 25, has been replaced by his immediate predecessor Wang Yi, the party’s top diplomat

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Former Party Chief of Hangzhou Gets Suspended Death Sentence for Bribery

Zhou Jiangyong accepted more than $25 million for favors that included helping individuals and companies obtain project contracts and land-use rights

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Shanghai Composite Index Rose 2.13% on Tuesday

Shenzhen Component Index closed up 2.54%

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China Plans to Relax Rules on Foreign Firms Investing in Bad-Debt Managers

Removing the ban on overseas nonfinancial firms’ equity investment can help attract talent with professional experience, financial regulator says

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Two Senior Chinese Soccer Officials Caught in Sweeping Graft Dragnet

Tan Hai, a former international-level referee, and Qi Jun follow at least 11 other CFA-related officials ensnared in the latest crackdown on corruption in the sport

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Shanghai Composite Index Fell 0.11% on Monday

Shenzhen Component Index closed down 0.58%

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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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Caixin Global

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

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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