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The Latest Breaking News from Caixin Global

Lenovo’s Quarterly Revenue Falls for First Time in Two Years

World’s No. 1 PC-maker reports 4.4% drop to $17 billion due to weak global demand and depreciating yuan

Caixin Global

Shanghai Composite Index Rose 2.43% on Friday

Shenzhen Component Index closed up 3.2%

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Weekly Must-Read: Yuan Gets More International Love as Dollar Rivalry Grows

China and its trading partners are doing more business in yuan, Belt and Road investment is increasingly being funded in the Chinese currency, and ‘dim sum’ bond sales are booming

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China and Pakistan Set Up Offshore Yuan Clearing

South Asian nation becomes third country to do so this year, enabling use of Chinese currency in cross-border trade and investment

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State Railway Operator Posts Record Loss on Covid Disruptions

Red ink increases 36% for the first three quarters, and profit almost vanishes for the cash-cow high-speed Beijing-Shanghai route

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Fisher: China’s Economy Can Weather a Global Recession — if One Even Hits

History shows Chinese growth can persist despite pockets of weakness and recession elsewhere

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Shanghai Composite Index Fell 0.19% on Thursday

Shenzhen Component Index closed down 0.34%

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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

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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

Caixin Global

Shanghai Composite Index Fell 0.77% on Monday

Shenzhen Component Index finished nearly flat

Get all your
news in one place.

100's of premium titles.
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Caixin Global

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

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.41%

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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

Caixin Global

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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