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The Latest Breaking News from Caixin Global

Yum China Profits Rebound in Third Quarter Amid Strong Takeout Sales

The KFC and Pizza Hut franchise operator increased quarterly revenue to $2.7 billion, while ending four consecutive quarters of declining same-store sales

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Zhongrong International Trust to Sell $367 Million of Bonds in Singapore

Borrowings through private placement are to raise funds to pay off maturing bonds for the unit of Jingwei Textile Machinery

Caixin Global

EV-Maker XPeng Shares Drop as Sales Fall by Half

The stock slipped on news the startup delivered just 5,101 vehicles last month

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Investment in China’s New Economy Sectors Shrinks, Caixin Index Shows

The contribution of high value-added industries such as biotechnology to the country’s total economic inputs slipped in October

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Shanghai Composite Index Rose 1.15% on Wednesday

Shenzhen Component Index closed up 1.33%

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Heng Swee Keat: Reinvigorating Singapore-China Ties Through New Areas of Collaboration

Singapore looks forward to partnering with China to strengthen recovery from the pandemic, reinvigorate bilateral cooperation, and overcome common challenges, writes the country’s deputy prime minister

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Shanghai Composite Index Rose 2.62% on Tuesday

Shenzhen Component Index closed up 3.24%

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Digital Yuan Puts Priority on Privacy Protection, PBOC Chief Says

Central Bank Governor Yi Gang outlines e-CNY measures to protect personal data while combatting illicit activities

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Chinese Developer Makes Early Debt Payment After Chair’s Resignation Rattles Investors

Longfor has paid back part of a loan due next year, after the personnel change hit its stock price, bond yields

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Chen Yixin Appointed Minister of State Security

The 63-year-old’s appointment follows his election into the Communist Party of China’s Central Committee during the 20th National Congress in mid-October

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Shanghai Composite Index Fell 0.77% on Monday

Shenzhen Component Index finished nearly flat

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Shanghai Composite Index Fell 1.43% on Wednesday

Shenzhen Component Index closed down 1.25%

Caixin Global

Kaisa Group in Debt Restructuring With Citic Bank, Sources Say

Defaulted Chinese developer taps long-term creditor Citic for bailout linked to properties and gets new funds to complete underlying projects

Caixin Global

China, U.S. Senior Officials Discuss Economic Policy Coordination

In a video call with Treasury Secretary Janet Yellen, Vice Premier Liu He expressed concern about Washington’s tariffs and sanctions

Caixin Global

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Caixin Global

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.41%

Caixin Global

Ex-Everbright Bank Executive Expelled From Party For ‘Colluding With Capital’

Zhang Huayu, former deputy party secretary and deputy president of the state-owned bank, accused of accepting bribes and abusing power

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China to Expand Global Investors’ Access to Its Financial Derivatives Market

As offshore investors become more active in trading Chinese bonds, their demand for derivatives to manage the risks of fluctuating interest rates has grown

Caixin Global

12 Bodies Recovered After Crane Sinks in the South China Sea

The floating vessel suffered a direct hit by Typhoon Chaba off the Guangdong coast

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Caixin Global

Editorial: Why the Original Intent of China’s Anti-Monopoly Law Is So Important

Fair competition is the soul of the market economy and the core of antitrust policies

Caixin Global

Covid Uncertainty Leaves More Guangzhou Offices Empty

Share of unoccupied Grade-A space in the Guangdong provincial capital was up by 1 percentage point from the past quarter, though the rate remained below that of Beijing and Shenzhen

Caixin Global

Shanghai Composite Index Rose 0.53% on Monday

Shenzhen Component Index closed up 1.29%

Caixin Global

Shanghai Influencer Charged for Operating Bogus Online ETF Trading Platform

The accused, identified only as Xu, allegedly lured investors to make trades totaling $4.5 million, often resulting in heavy losses

Caixin Global

Graft Busters Probe Another Former China Railway Official

Chen Boshi, retired senior executive, comes under investigation following downfall in March of state railway operator’s former general manager

Caixin Global

Shanghai Composite Index Fell 0.32% on Friday

Shenzhen Component Index closed down 0.28%

Caixin Global

Weekly Must-Read: How Bad Is China’s Manufacturing Exodus?

While disruptions from pandemic controls threaten to add impetus to the outflow, China retains tremendous advantages over India and Southeast Asia

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