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The Latest Breaking News from Caixin Global

Former Guangdong Police Chief Expelled From Party for Bribery

Li Chunsheng’s wrongdoings include trading influence for sex, illegally interfering in judicial and law enforcement cases, and meddling in capital market activities, top graft buster says

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Shanghai Composite Index Fell 0.22% on Thursday

Shenzhen Component Index closed down 0.1%

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Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed down 0.47%

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Shanghai Composite Index Rose 1.23% on Tuesday

Shenzhen Component Index closed up 0.97%

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CEO of JD Logistics Steps Down for ‘Health Reasons’

Yu Yui, a JD.com veteran of 15 years, handed his roles over to Hu Wei on Monday, the company says

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China Says It Supports National Stability in Russia After Wagner ‘Incident’

Foreign ministry spokesperson said late Sunday that the uprising is the country’s ‘internal affair’

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Shanghai Composite Index Fell 1.48% on Monday

Shenzhen Component Index closed down 1.68%

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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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news in one place.

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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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news in one place.

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Caixin Global

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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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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