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The Latest Breaking News from Caixin Global

Chinese Mainlanders Can Book Omicron-Specific mRNA Shot in Hong Kong

Fosun Pharma opens online reservation platform for BioNTech vaccination as Covid border controls are set to end

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China to End Quarantine for Crews on International Flights

Regulators will also drop a requirement for airline staff to wear protective gear while abroad

Caixin Global

China’s CIC Crowned World’s Largest Sovereign Fund

China Investment Corp. added $129 billion in assets last year, taking its total portfolio to $1.35 trillion

Caixin Global

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China’s AIA, PICC Among Insurers Called Out for Inaccurate Data

The insurance firms get named and shamed after probes into their solvency reporting

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Beijing’s Key Air Pollution Measure Hits Record Low

The annual average concentration of hazardous PM2.5 particles dropped to 30 micrograms per cubic meter last year, the lowest level since records began

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Former Official Linked to Bo Xilai Pleads Guilty to Taking $7.6 Million in Bribes

Xu Ming is the first high ranking ‘tiger’ to stand trial for corruption in 2023

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Shanghai Composite Index Rose 0.08% on Friday

Shenzhen Component Index closed up 0.32%

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Weekly Must-Read: China’s Road to Economic Recovery Faces Post-Covid Speed Bumps

Policymakers are now squarely focused on reviving the economy. But some analysts warned against ‘excessive optimism’ about when pre-pandemic growth rates will return

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Embattled Sunac Gets Extension on $2.3 Billion of Debt

Developer’s repayment of nine onshore notes and an asset-backed security stretched out by an average of 3.5 years

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China to End Quarantine for Travelers From Hong Kong to the Mainland

Starting Sunday, people arriving from the city will be allowed entry if they have a negative PCR test result from the past 48 hours

Caixin Global

Shanghai Composite Index Rose 1.01% on Thursday

Shenzhen Component Index closed up 2.13%

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BYD Says It Can’t Judge How Many Cars It Will Sell This Year

The Chinese automaker cited uncertainties over supply chains and consumer demand stemming from the Covid-19 pandemic

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Shanghai Composite Index Rose 0.22% on Wednesday

Shenzhen Component Index closed down 0.2%

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Citic Securities Cleared for New Asset Management Unit

Venture paves the way for China’s largest brokerage to join an industry rush tapping into the mutual fund business

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Editorial: Face Up to the Changed World

A more sober mind is needed for a greater initiative

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Out-of-Town Trips Make a New Year’s Comeback in China

About 60% of online travel agency Trip.com’s domestic users journeyed to another province or region during the three-day weekend, up from 40% last year

Caixin Global

Regional Trade Pact RCEP Takes Effect for Indonesia

With the Southeast Asian country on board, the trade deal has entered into force for 14 of the 15 participating countries

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Caixin New Economy Index Falls on Declining Labor Inputs

The contribution of high value-added industries such as biotech came in at 29.7 last month, down 0.3 points from November

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Caixin Global

Shanghai Composite Index Rose 0.88% on Tuesday

Shenzhen Component Index closed up 0.92%

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Communist Party Names New Diplomatic Chief to Shape China’s Foreign Policy

Former minister Wang Yi has taken the helm at the party’s Central Foreign Affairs Commission

Caixin Global

Year in Review: China’s Struggle to Contain Covid Hits the Economy Hard

Lockdowns added to the country’s woes, including an ongoing housing slump and fading exports, but Beijing’s year-end pivot to living with the virus raises the prospect of a recovery in 2023

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China’s Ambassador to the U.S. Named Foreign Minister

Qin Gang replaces Wang Yi, who had served in the position since 2013

Caixin Global

Health care centers from Guangzhou to Shijiazhuang and Beijing are slammed amid surging infections and severe shortages of medical workers

Caixin Global

Kweichow Moutai Sees Earnings Beat for 2022

The Chinese liquor giant predicts a 19.3% increase in net profit for the year, higher than the average analyst forecast of 18.8%

Caixin Global

Senior Provincial Official Pleads Guilty to Graft and Flouting Crypto Ban

Xiao Yi, a former political advisor and party chief in Jiangxi, received more than $18 million worth of bribes

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