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The Latest Breaking News from Caixin Global

Ex-Leader of Scandal-Plagued Province Pleads Guilty in $113 Million Bribery Case

Sun Zhigang, a former Communist Party chief of Southwest China’s Guizhou, is accused of taking advantage of his positions to help others get project contracts and develop real estate, a court says

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Shanghai Composite Index Rose 0.94% on Thursday

Shenzhen Component Index closed up 0.71%

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Nanchang State Firm Takes Control of Private Lender Yumin Bank

Acquisition marks the first time a state-owned company has taken control of a Chinese private bank

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Former Provincial Governor Gets Suspended Death Sentence for Bribery

Li Zaiyong took advantage of his positions to help others get project contracts and land acquisition approvals in exchange for over $60 million in bribes, court says

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Shanghai Composite Index Fell 0.6% on Wednesday

Shenzhen Component Index closed down 1.17%

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Country Garden Services Expects 30% Profit Drop as Property Downturn Drags On

Property managers’ slight increase in first half revenue is accompanied by a significant drop in net profits

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Unmarried Woman Who Sued Hospital for Refusing to Freeze Her Eggs Loses Appeal

A Beijing court upheld the verdict that the hospital did not break any laws when it made its decision based on her marital status

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Shanghai Composite Index Rose 0.34% on Tuesday

Shenzhen Component Index closed up 0.43%

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Smart Driving Startup Horizon Robotics Cleared for Hong Kong IPO

BYD-backed autonomous driving provider plans to issue 1.15 billion shares in IPO

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Shanghai’s Former State-Owned Asset Manager Chief Pleads Guilty to Bribery

Bai Tinghui accepted over $12 million in return for exploiting his positions to help others secure project contracts, settle payments and manage company operations

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Shanghai Composite Index Fell 0.14% on Monday

Shenzhen Component Index closed down 0.24%

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Weekly Must-Read：China Moves to Raise Retirement Age to Bolster Workforce, Ease Pension Pressure

Nation needs more workers to offset falling birthrates and ballooning retiree population

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Shanghai Composite Index Fell 0.27% on Friday

Shenzhen Component Index closed down 0.62%

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Shanghai Composite Index Fell 0.27% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.27% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.62%.

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Caixin Global

Shanghai Composite Index Fell 0.27% on Friday

Shenzhen Component Index closed down 0.62%

Caixin Global

China-Backed Apollo Future Mobility Offloads Holding in Sensitive U.S. Business

Hong Kong firm sells shares in 3D printing company citing concerns over U.S. national security scrutiny

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Another Mayor of Provincial Capital Falls to Graft Probe

Ma Ningyu is the fourth person in the position in Guiyang, Southwest China's Guizhou, to come under investigation for corruption

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Shanghai Composite Index Rose 0.09% on Wednesday

Shenzhen Component Index closed down 0.17%

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news in one place.

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Former Provincial Senior Official Indicted on Bribery, Illegal Land Sale Charges

Liu Handong, former vice chairman of Jiangsu’s top legislature, exploited his positions over the past two decades to seek benefits for others

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Shanghai Composite Index Rose 0.23% on Tuesday

Shenzhen Component Index closed up 0.82%

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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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