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The Latest Breaking News from Caixin Global

Opinion: Eileen Gu’s Mission for Unity Shows the True Meaning of Sports

People should respect the champion Olympic skier’s contributions to Chinese athletics and her commitment to bridging the gap between China and the United States

Caixin Global

Shanghai Composite Index Rose 0.96% on Friday

Shenzhen Component Index closed up 1.48%

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Weekly Must-Read: China’s Efforts to Prop Up Property Market Fall Short

While local governments have taken steps to stimulate the ailing sector, both supply and demand remain weak

Caixin Global

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Chinese CPU Maker Loongson Eyes $357 Million in Downsized IPO

Producer of computer chips prepares for STAR Market debut with market valuation of $3.57 billion

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Ex-Deputy of Anbang Takeover Task Force Falls Under Graft Probe

Investigators could be potentially looking into Fu Fei’s role in the takeover of financial conglomerate Anbang, sources say

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Shanghai Composite Index Fell 0.61% on Thursday

Shenzhen Component Index closed up 0.11%

Caixin Global

Viva China Close to Controlling British Shoemaker Clarks

Shareholders of gymnast Li Ning’s apparel company approve plan to take over 197-year-old British shoe brand

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Funde Sino Life Takes Control of National Trust

Regulators clear transfer of 40.72% stake in the often-sold trust and investment business amid continuing equity restructuring

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Opinion: Many AI Startups Turn Out to Be a Busted Flush

Share prices have been declining since last November, and accelerating recently. We cannot expect many positive outcomes

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Shanghai Composite Index Rose 0.5% on Wednesday

Shenzhen Component Index closed up 0.95%

Caixin Global

Shanghai Tries New Tactics to Stamp Out Crypto Mining

Companies running data centers are required to conduct self-checks and pledge not to engage in the power-hungry activity

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Opinion: Why an External Investigation Will Better Root Out Gang Crime in Tangshan

Designating public security officials from another city to look into the brutal attack on women in the northern Chinese city could prevent local interference

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China’s Box Office Rebounds as Cinemas Reopen to Rampaging Dinosaurs

Blockbuster premier of Universal’s ‘Jurassic World Dominion’ pushes weekly takings to three-month high

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Shanghai Composite Index Rose 1.02% on Tuesday

Shenzhen Component Index closed up 0.2%

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Geely Founder Li Shufu Takes Control of Smartphone Maker Meizu

Meizu founder Huang Zhang will retain a 9.79% stake while Alibaba’s Taobao is dumping its entire 27.23% holding

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China Should Deepen Reforms and Opening Up to Keep Economy Stable

For the Chinese economy to stabilize, it is important to revitalize private and foreign investment, and boost market players’ confidence in China’s economic prospects

Caixin Global

Chinese Ride-Hailing Giant Didi Bids Goodbye to NYSE

The company’s stock closed 84% down from its IPO price on Friday before its trading moves to the over-the-counter market

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Why No Bystanders Came to the Rescue of Women Being Assaulted in Tangshan

Encouraging citizens to be brave to fight for justice when they encounter wrongdoings requires a system of trust and protection that will keep them from legal jeopardy

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Caixin Global

Shanghai Composite Index Fell 0.89% on Monday

Shenzhen Component Index closed down 0.3%

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Hubei Province, Nanjing Cut Covid Quarantine Time

Centralized quarantine has been halved to seven days plus another seven in self-isolation for those from medium and high-risk areas

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Covid-Free Chinese Regions Cautioned on Excessive Mass Testing

Health official He Qinghua says local authorities should prioritize groups with a high risk of getting infected

Caixin Global

Shanghai Composite Index Rose 1.42% on Friday

Shenzhen Component Index closed up 1.9%

Caixin Global

Weekly Must-Read: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices

Shares of 62 of the 107 companies that went public on the Chinese mainland this year as of April 20 were trading below their offer prices that day

Caixin Global

Tianan Property Insurance Offers Its Assets for $314 Million

Government-seized affiliate of Tomorrow Holding may be asking too much as its balance sheet shows red ink, analysts say

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China’s Baowu Retains Global Steelmaking Crown

The state-owned goliath’s output grew 4.35% last year even as the country produced less steel overall, industry data show

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