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The Latest Breaking News from Caixin Global

Former PLA Rocket Force Chief of Staff Booted From Communist Party

Sun Jinming was expelled for corruption, and is the third former Rocket Force chief of staff to fall under a graft probe in recent years

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Shanghai Composite Index Rose 0.17% on Friday

Shenzhen Component Index closed up 0.27%

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Ex-VP of China’s Biggest Policy Bank Admits Taking $3.2 Million in Bribes

Wang Yongsheng, arrested six months ago, pleaded guilty to offering favors in exchange for illegal gains

Caixin Global

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Nio Opens Charging Network to EVs in Huawei Alliance

The Chinese EV-maker has made its charging stations available to cars built under the tech giant’s smart car alliance, which involves multiple brands

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Ex-Foreign Minister Resigns From Communist Party’s Central Committee

Qin Gang’s departure from the top decision-making body comes about a year after he was removed from his position

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Weekly Must-Read: Tesla’s Chinese Rival Hits Accelerator on Smart Driving

BYD chief appears to shift stance on the technology as China’s government throws its weight behind autonomous cars

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Former Regional Official Pleads Guilty to Taking $31 Million in Bribes

Prosecutors accused Jiang Jie of taking advantage of his positions from 2000 to 2023 to help others obtain project contracts and job promotions

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Shanghai Composite Index Rose 0.48% on Thursday

Shenzhen Component Index closed up 0.5%

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China’s Youth Jobless Rate Falls for a Third Month to 13.2%

Jobless figures encouraging but concern at 11.8 million graduates entering the job market this year

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Ex-Branch President of Chinese Policy Lender Falls Under Graft Probe

Wang Fade’s case adds to a growing list of corruption scandals at the Export and Import Bank of China

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China’s Embassy in Thailand Warns of ‘Virtual Kidnappings’

Several Chinese students abroad have fallen for the scam, in which they are tricked into staging their own kidnapping so criminals can con their families out of money

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Shanghai Composite Index Fell 0.45% on Wednesday

Shenzhen Component Index closed down 0.47%

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Shanghai Composite Index Rose 0.08% on Tuesday

Shenzhen Component Index closed up 0.86%

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Cutthroat Competition is Undermining China’s Auto Industry, Official Says

‘Disorderly competition’ is squeezing Chinese carmakers, many of which have seen their bottom lines suffer

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Former Environmental Ministry Official Expelled From Communist Party for Corruption

Liu Zhiquan, former head of the MEE’s environmental impact assessment department illegally accepted money and helped others with project declaration and verification

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Shanghai Composite Index Rose 0.09% on Monday

Shenzhen Component Index closed down 0.59%

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Shanghai Composite Index Ended Nearly Flat on Friday

Shenzhen Component Index closed down 0.18%

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Former Deputy Head of China Taiping Pleads Guilty of Taking $11 Million in Bribes

Xiao Xing’s crimes spanned 25 years during which he illegally received and gifts, the procuratorate said

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news in one place.

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Caixin Global

Two More Officials From Corruption-Plagued Chinese City Fall Under Graft Probe

Chen Zhi, vice mayor of Qujing, Yunnan province, and Bi Shangpeng, former vice chairman of the city’s people’s congress standing committee, are being investigated by local graft busters

Caixin Global

Weekly Must-Read: As China's Exports Surge, Tariff Hikes Loom

Chinese exporters are speeding up shipments to get ahead of import tax hikes, which might lead to decline down the line, but other bright spots are emerging

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Shanghai Composite Index Rose 1.06% on Thursday

Shenzhen Component Index closed up 1.99%

Caixin Global

China Explicitly Bans Editing DNA of Human Reproductive Cells

Formal prohibition comes several years after jailing of scientist who altered the genes of twin girls

Caixin Global

Four Ex-CNOOC Executives Stung in Graft Crackdown

The quartet, including ex-deputy general managers and department heads, are under investigation for ‘suspected serious violations of discipline and law’

Caixin Global

Shanghai Composite Index Fell 0.68% on Wednesday

Shenzhen Component Index closed down 0.1%

Caixin Global

Guangzhou Relaxes Property Purchase Curbs on Foreign Buyers

Restrictions lifted for non-Chinese mainland home buyers in latest move to revitalize housing market

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