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The Latest Breaking News from Caixin Global

Opinion: How Shanghai Can Pioneer a New Path for Disease Control

Amid worst Covid-19 outbreak, city could turn pandemic into manageable endemic disease using self-isolation, self-testing and advanced drugs and vaccines

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Pricey Ingredients, Expansion Cost Chinese Tea Chain Nayuki Its Profitability

Seller of fresh-fruit teas, cold-brew beverages and baked goods, reported an adjusted net loss of $22.8 million for 2021

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Shanghai Offers Support for Importing Covid Drugs and Vaccines as It Battles Outbreak

City releases a slate of new measures to keep its economy running under strict lockdown measures, including ramping up testing capacity and tax and fee cuts for businesses

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Hong Kong Bourse Set to Pilot Digital-Asset Platform

Global annual trading of digital assets expected to reach $60 trillion to $100 trillion by 2030

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Shanghai Composite Index Rose 1.96% on Wednesday

Shenzhen Component Index closed up 3.1%

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Deputy Governor of Liaoning Province Falls Under Graft Probe

Hao Chunrong ranked sixth among eight deputy governors, overseeing rural development, water system, culture and tourism

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Xpeng’s Electric Vehicle Sales Near 100,000 Despite Widening Loss

Upstart tops deliveries of rivals Nio and Li Auto, but lower pricing and heavy research and marketing costs result in buckets of red ink

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CSRC Denies Rumors of Restrictions on IPOs by Xiaomi-Linked Companies

In response to social media reports, top securities regulator says it isn’t standing in the way of share sales by businesses where the smartphone giant has investments

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Opinion: What China Should Watch for Amid the West’s Sanctions on Russia

In times of crisis, even countries with large forex reserves can suddenly run out of money. How then should they respond?

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Opinion: From Pickled Cabbage to the Rush to Prove Chinese Companies Are ‘Pure’

Populism and nationalism in business will do great harm to China’s efforts at reform and opening up, damage its reputation and undermine its business environment

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Shanghai Composite Index Fell 0.33% on Tuesday

Shenzhen Component Index closed down 0.46%

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Editorial: Seeking a Solution to China Concept Stocks’ Trouble

Beijing and Washington are making joint efforts to meet legal and regulatory requirements, making arrangements to protect the legitimate rights and interests of global investors, and promote the healthy development of the markets

Caixin Global

Ling Huawei: Tough Times Call for Effective Policy Combo From Beijing

Policymakers should concentrate on minimizing the costs of controlling Covid, restoring confidence in the real estate industry and stabilizing the stock market’s expectations

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Foreign Direct Investment in China Hit Record High in 2021

Figure reaches $334 billion, up nearly one-third from the year before

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Shanghai Composite Index Rose 0.07% on Monday

Shenzhen Component Index closed down 1.02%

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Shanghai Hits a New High in Daily Covid Cases

On Friday, the Asian financial hub reported 38 confirmed local infections and 2,231 asymptomatic cases

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Weekly Must-Read: The Rise of the China-Focused Private Equity Giant Hillhouse

From its founding with money from Yale, the company has grown to manage tens of billions of dollars of assets

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Former China Railway Czar Sheng Guangzu Under Graft Probe

Retired executive was first chief of China Railway Corp. after serving as head of the now-defunct Ministry of Railways

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China Coal Energy Has Record-Breaking Year on Shortage-Fueled Price Surge

The listed state-owned firm reports its 2021 net profit more than doubled to $2.1 billion as revenues jumped 64%

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Soho China Units Fined for Gouging Tenants on Electricity Prices

Market regulator hits 15 of the developer’s property services unitswith $18 million in penalties for overcharging their commercial clients for power

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Shanghai Composite Index Fell 1.17% on Friday

Shenzhen Component Index closed down 1.89%

Caixin Global

Luckin Coffee’s Outlets in China Top Starbucks

Fourth-quarter revenue jumps and loss narrows as Chinese startup moves past 2020 fraud scandal and prepares to seek relisting of its stock in the U.S.

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Shanghai Financial Firms Ask Staff to Sleep in Office Amid Local Covid Flare-Up

Authorities issue stay-at-home orders, launch mass testing in the city’s busy financial district to contain its latest Covid flare-up

Caixin Global

Carbon Futures ETF Debuts in Hong Kong

The exchange-traded fund tracks the ICE EUA Carbon Futures Index, which measures the performance of a basket of European Union Allowance futures contracts

Caixin Global

Japan, Russia Trade Barbs in Wake of Ukraine War

Moscow called off long-running peace treaty talks after Tokyo joined with the G-7 countries in imposing sanctions

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