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The Latest Breaking News from Caixin Global

China Removes Communist Party Heads of Top State Insurer and Bank

Moves affect top executives of People’s Insurance Co. and Bank of China as they both near retirement age

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Hong Kong Debuts $102 Million Digital Green Bond

The transactions in the so-called tokenized notes will be performed and recorded on a private blockchain

Caixin Global

China Green Bulletin: New Ford-CATL Battery Plant, Green Energy Capacity Trumps Coal

Chinese firms search the world for mining assets, Beijing promotes EVs in rural areas

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Boao Forum to Make Full Return as In-Person Event

Delegates from governments, businesses and academia will gather in the town of Boao on South China’s island province of Hainan starting March 28 to discuss deepening international cooperation in the post-Covid era

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Shanghai Composite Index Fell 0.77% on Friday

Shenzhen Component Index closed down 1.61%

Caixin Global

Weekly Must-Read: China’s Hunt for Strategic New Energy Minerals

Pursuit of key minerals intensifies as U.S., Canada and Australia restrict Chinese access to “strategic” materials

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China’s Solar Exports Soar 80% Despite Rising Headwinds

In the face of trade frictions and rising competition, 2022 shipments reach a record $51.3 billion, and demand is still climbing

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Xi Says China Must Boost Consumer Spending, Foreign Investment This Year

The president stresses the importance of consumption in bolstering the economy at a key annual meeting to set the economic policy agenda for 2023

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Flights Diverted From Shijiazhuang Airport Over ‘Airspace’ Concerns

Eight flights were turned away on Thursday as the ‘airspace was occupied by other users,’ airport staff says

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Developer Evergrande Vows to Fix Internal Controls in Wake of $2 Billion Deposit Debacle

An investigation reveals that the money was pledged as collateral for loans taken out by third-party firms

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Chinese Prosecutors’ Indictments of Financial Crimes Jump Nearly 30%

From 2018 to 2022, authorities cracked down on a number of high-profile cases, including those involving the conglomerates Tomorrow Holding and Anbang Insurance

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Chinese Students Injured in Shooting at Michigan State University

The two Chinese citizens were shot in the attack Monday that left three people dead and five wounded

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China to Take Action Against U.S. Entities After Balloon-Related Blacklisting

Ministry of Foreign Affairs says it will take action against the relevant American entities that have ‘undermined China’s sovereignty and security’

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Shanghai Composite Index Fell 0.96% on Thursday

Shenzhen Component Index closed down 1.3%

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news in one place.

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Online Grocer Dingdong Posts First-Ever Quarterly Profit After Slashing Costs

The turn to profitability also comes with the demise of former archrival Missfresh, which in July shuttered its mainstay instant-delivery retail business

Caixin Global

China to Lift South Korean Visa Freeze

Beijing will resume issuing short-term visas to South Korean nationals, ending most of the retaliatory measures taken after Seoul’s Covid curbs on travelers from China

Caixin Global

Shanghai Composite Index Fell 0.39% on Wednesday

Shenzhen Component Index closed down 0.25%

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China’s Video Game Industry Posts First Drop in Five Years

Sales shrink 10.3% to $39 billion as pandemic impedes new product development and slowing economy weighs on demand

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Caixin Global

Chinese Steelmakers’ Profits Fall 72% Amid Property Sector Weakness

Combined revenue fell 6.35% last year as construction demand plunged and infrastructure projects slowed

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Experts Quash Fears of Greater Chance of China Quake After Turkey

A study on the correlation between seismic activity on the Eurasian continent and earthquakes in China sparked concerns after the disaster last week

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Beijing Calls On U.S. to Investigate Multiple Balloon Incursions Over China

The aircraft allegedly entered Chinese airspace more than 10 times since last May

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China’s Local Governments Go on Hiring Spree to Spur Growth

Provincial-level authorities plan to boost civil servant recruitment by 16% this year as the country seeks to bolster employment

Caixin Global

Beijing Government Pledges Support for Homegrown Answer to ChatGPT

In a white paper released Monday, authorities highlighted the Chinese capital’s leading role in the country’s AI research, promising support for local tech firms in the sector

Caixin Global

Shanghai Composite Index Rose 0.28% on Tuesday

Shenzhen Component Index closed down 0.15%

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China Vanke Mulls $2.2 Billion Share Placement to Replenish Capital

Property development giant proposes the industry’s biggest equity fundraising plan since regulators lifted curbs on share sales

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