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The Latest Breaking News from Caixin Global

China Lodges Complaint About South Korean President’s ‘Erroneous’ Remarks on Taiwan

Chinese vice foreign minister conveys opposition to the nation’s ambassador about drawing parallels between the issues of Taiwan and the Korean Peninsula

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Editorial: Local Debt Discipline Cannot Be Relaxed

The principle that there should be no bailouts from the central government must be upheld

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Shanghai Composite Index Fell 0.78% on Monday

Shenzhen Component Index closed down 1.17%

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Another Shanghai Exchange Official Comes Under Graft Investigation

Liu Ti, former deputy general manager, is taken away by authorities, joining a parade of senior securities industry officials ensnared in crackdown

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Jack Ma Appointed Honorary Professor at the University of Hong Kong

The Alibaba co-founder will focus on conducting research in finance, agriculture and entrepreneurial innovations with the HKU faculty, with no plans for public lectures or speeches, reports say

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China, Singapore to Collaborate More Closely on Financial Regulation, Market Opening

CBIRC and MAS will partner up to develop global and regional rules and modernize their own regulatory systems

Caixin Global

China, Mongolia Officials Agree to Tackle Hazardous Dust Storms

Beijing’s head of Asian affairs and the Mongolian ambassador to China decide the two countries should work to combat sandstorms, desertification and climate change

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Shanghai Composite Index Fell 1.95% on Friday

Shenzhen Component Index closed down 2.28%

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Weekly Must-Read: China’s First-Quarter GDP Grows 4.5% on Pick-Up in Consumption, Industrial Production

The figure beats expectations and surpasses the 2.9% growth rate for the fourth quarter, when the country was still sticking to its stringent ‘zero-Covid’ policy most of the time

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Former Shanghai Electric Chief Tried for Taking $22.6 Million in Bribes

Zheng Jianhua accused of embezzlement, abuse of power and accepting bribes over 18 years

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Chinese First-Quarter Mortgage Borrowing Jumps 50%

Homebuyers take advantage of lower rates in another signal that policies to bolster the property market are kicking in

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Meituan Muscles In on Livestreaming E-Commerce With Inaugural Event

Some $12.5 million in coupons were sold during a marketing extravaganza that included an 11-hour livestream shopping show, featuring brands such as Luckin Coffee and budget boba tea chain Mixue Bingcheng

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Shanghai Composite Index Fell 0.09% on Thursday

Shenzhen Component Index closed down 0.37%

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China Pledges Support for Private Investment Projects to Issue REITs

Fundraising through publicly traded real estate investment trusts would enable private operations to carry out infrastructure projects

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 0.68% on Wednesday

Shenzhen Component Index closed down 0.84%

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Tesla Safety Faults Contributed to Worker Fatality, Shanghai Authorities Find

Electric vehicle giant should be punished in connection with February death of worker crushed by equipment, according to investigation report

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Hospital Fire Kills 21 People in Beijing

Blaze starts around noon in eight-story inpatient wing of Changfeng Hospital in Fengtai District; cause under investigation

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Chinese Bank Trio Cut $11 Million in Bonuses to Deter Risk

China Merchants Bank, China Bohai Bank and Bank of Jiujiang withheld or recovered 77 million yuan in performance-based pay last year, sending a message to reduce risky behavior

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11 Dead in East China Factory Blaze

The fire trapped victims on the third floor of a wooden door factory in Zhejiang province, local authorities say. An investigation is underway

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Shanghai Composite Index Rose 0.23% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global

Former CDB Henan Branch Head Gets 10 Years in Prison

Fu Xiaodong convicted of bribery after confessing to 22 transactions over 13 years in Henan and Ningxia

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Editorial: Don’t Blame China’s Jobless Youth Problem on the Surge in New Graduates

The source of the issue lies with the supply of jobs, which needs to be addressed by improving the economy, particularly the private sector

Caixin Global

Opinion: China’s Latest Financial Overhaul Marks Shift From U.S. Model, but Risks Remain

A financial system lacking commercial independence will likely become a new area of concern

Caixin Global

Chinese Defense Minister, Putin Discuss Deepening Military Ties

Li Shangfu tells the Russian president that Beijing is willing to continue working together on maintaining international order, during a visit to Moscow

Caixin Global

Shanghai Composite Index Rose 1.42% on Monday

Shenzhen Component Index closed up 0.47%

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