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The Latest Breaking News from Caixin Global

XPeng’s Flying Car Unit Secures $150 Million Fresh Funding to Start Mass Production

Money raised will be used for R&D and to start production of the flying cars by the end of 2025, says founder

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Shanghai Composite Index Fell 1.54% on Monday

Shenzhen Component Index closed down 1.85%

Caixin Global

China’s New Digital ID System Trialed Across Over 80 Apps

Internet users can now apply for their national digital ID by logging onto a mobile app called National Web Identification Pilot Version, developed by China’s Ministry of Public Security

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Shanghai Composite Index Fell 0.92% on Friday

Shenzhen Component Index closed down 1.38%

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Weekly Must-Read: ‘Exorbitant’ Fines Land Temu in Hot Water With Chinese Merchants

Hundreds gathered outside Temu’s Guangzhou offices to voice anger at the platform’s increasing levying of penalties for product defects without providing evidence

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Sichuan Province Elects New Governor

Shi Xiaolin, 55, is China’s youngest female provincial chief

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Shanghai Composite Index Fell 0.22% on Thursday

Shenzhen Component Index closed down 0.92%

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Former Guangdong Police Chief Gets 10-Year Jail Term for Bribery

Li Chunsheng served with reduced sentence as he surrendered voluntarily and reported criminal activities of others

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Former State-Owned Oil Giant Chairman Booted From Communist Party

Graft busters found Wang Yilin had accepted ‘huge’ bribes and befriended political fraudsters

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Shanghai Composite Index Rose 2.06% on Wednesday

Shenzhen Component Index closed up 3.37%

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Top Stories of the Month: Why China’s GDP Growth Slowed in Second Quarter？

Weak demand, property downturn and extreme weather were to blame, analysts say

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China to Finalize Looser Controls on Human Genetic Material This Year

National Health Commission plans to complete the revisions amid complaints that current restrictions are choking innovation

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Shanghai Composite Index Fell 0.43% on Tuesday

Shenzhen Component Index closed down 0.54%

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Creditors of Two Evergrande EV Units Start Bankruptcy Process

The application is the latest blow to the automaker, which has struggled to consistently produce vehicles as its property-developer parent collapsed

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Shanghai Composite Index Ended Nearly Flat on Monday

Shenzhen Component Index closed down 0.96%

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Weekly Must-Read: Electric Cars Are Draining the Batteries of China’s Insurers

Insuring EVs is costing money, as strict rules mean it’s difficult to hike premiums to a profitable level — for now at least

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Former Provincial Governor Surrenders to Graft Investigators

Luo Baoming is suspected of ‘serious violations of discipline and law’ — a common euphemism for corruption

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Shanghai Composite Index Rose 0.14% on Friday

Shenzhen Component Index closed up 1.45%

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 0.52% on Thursday

Shenzhen Component Index closed down 0.22%

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Shanghai Composite Index Fell 0.52% on Thursday

Shenzhen Component Index closed down 0.22%

Caixin Global

Veteran Financial Regulator Charged With Bribery

An Qingsong is accused of peddling his influence and causing severe disruption in the capital markets

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Home Appliance Giant Midea Takes a Step Closer to Hong Kong IPO

The home appliance giant has 12 months to complete the listing before it will have to update its registration with China’s securities regulator

Caixin Global

Shanghai Composite Index Fell 0.46% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.46% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.32%.

Caixin Global

Shanghai Composite Index Fell 0.46% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.46% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.32%.

Caixin Global

Shanghai Composite Index Fell 1.65% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.65% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 2.97%.

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