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The Latest Breaking News from Caixin Global

Inner Mongolia Mine Collapse Claimed 53 Lives, Official Report Suggests

The region recorded only one ‘extraordinarily serious accident’ in the first five months of the year, resulting in 53 deaths, local authorities say without naming the incident

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Chinese Premier and German Chancellor Agree on Supply Chain Stability

Li Qiang and Olaf Scholz will expand cooperation on trade, investment, auto manufacturing, advanced technology, new energy and the digital economy, a foreign ministry statement said

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Watchdog Slams Rampant Graft at China Development Bank

CCDI says it held a special conference with the lender’s Communist Party committee to discuss party governance and analyze what went wrong at the bank

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Nio Wins $1.1 Billion Investment From Abu Dhabi-Backed Fund

Under the deal, CYVN Holdings will pay $738.5 million in cash for about 84.7 million new shares

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Shanghai Composite Index Fell 1.31% on Wednesday

Shenzhen Component Index closed down 2.18%

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Ex-PBOC Deputy Head Arrested on Suspicion of Bribery

Fan Yifei now faces criminal investigations, China’s top prosecutor says

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Shanghai Composite Index Fell 0.47% on Tuesday

Shenzhen Component Index closed up 0.28%

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EV-Maker Li Auto Readies Launch of City Assisted-Driving System

The Chinese firm will begin testing the software with a small group of users in Beijing and Shanghai this month

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Editorial: Decisive Action Is Needed to Beat Cyberbullying

It’s essential to not only rigorously enforce remedial measures, but also to fervently eradicate the social conditions that enable it

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Shanghai Composite Index Fell 0.54% on Monday

Shenzhen Component Index closed down 0.29%

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Weekly Must-Read: China Grapples With Hangover From Consumer Lending Boom

The banking regulator has expanded a pilot program for disposal of nonperforming personal loans, allowing hundreds of financial institutions to offload their bad debt

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China’s Property Investment Slides Further as Housing Recovery Staggers

Real estate investment drops 7.2% in first five months as the pace of decline accelerates for a third straight month

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Shanghai Composite Index Rose 0.74% on Thursday

Shenzhen Component Index closed up 1.81%

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Li Auto Aims to Sell 30,000 Cars in June

Founder and CEO Li Xiang vows to set a monthly sales record after a 146% jump in May deliveries, reflecting the company’s response to stiff competition

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Caixin Global

Shanghai Composite Index Fell 0.14% on Wednesday

Shenzhen Component Index closed up 0.26%

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PBOC Cuts Short-Term Rates for Banks in Further Sign of Easing

Reduction in monetary policy tool follows a cut in another key lending rate and may signal more central bank action to bolster the economy

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Shanghai Composite Index Rose 0.15% on Tuesday

Shenzhen Component Index closed up 0.76%

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China’s EV Battery Industry Expansion Tests Transport Capacity

May production surges 57.4% year-on-year as experts see need for more-advanced transportation technology to keep up with demand

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Caixin Global

Editorial: Harmony in Diversity: Cultivating a New Open Landscape

To forge a new paradigm of openness, China should proceed with reforming institutions and continue cultivating exchanges of important business people and other civilians

Caixin Global

Shanghai Composite Index Fell 0.08% on Monday

Shenzhen Component Index closed up 0.74%

Caixin Global

Ex-PBOC Deputy Governor Kicked Out of Communist Party

Fan Yifei, arrested last November by graft busters, accused of accepting a ‘huge amount’ of bribes and abusing power ‘over a long period of time’

Caixin Global

Weekly Must-Read: U.S. Tensions Could Sap Chinese EV-Battery Makers’ Global Ambitions

World leader CATL and its peers face policy headwinds in the West that could benefit South Korean, Japanese rivals

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China’s Passenger Car Exports Doubled in First Five Months

Shipments abroad totaled 1.38 million vehicles from January through May, providing a bright spot for exporters amid weak global demand

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China Puts Drafting AI Law on National Legislative Agenda

State Council includes item on its 2023 legislative work plan, which was released this week

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Shanghai Composite Index Rose 0.49% on Thursday

Shenzhen Component Index closed up 0.13%

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