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The Latest Breaking News from Caixin Global

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%

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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

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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

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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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Opinion: Why Fewer and Fewer Chinese Are Getting Married

China’s falling marriage rate stems from a host of factors, such as a shrinking youth population, a growing gender imbalance and the rising cost of housing

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Shanghai Composite Index Fell 0.63% on Thursday

Shenzhen Component Index closed down 0.83%

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Fosun Reports $157 Million of China mRNA Vaccine Sales in 2021

BioNTech partner markets the advanced-tech inoculation in Hong Kong, Macao and Taiwan as regulators haven’t cleared the shots for the mainland

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Voice Recorder, Passenger Remains Found From Flight MU5735

More than 330 rescue workers comb 46,000 square-meter site of China Eastern Airlines crash in search for clues to disaster

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Fosun Luxury Arm Lanvin Plans New York SPAC Debut

The luxury fashion company plans to list via a blank check merger with an affiliate of Primavera Capital

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China’s Securities Watchdog Mulls Move to Break Audit Deadlock With U.S.

Interpretation of the Securities Law would tell firms the conditions they need to meet prior to handing over papers to the Public Company Accounting Oversight Board

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Opinion: Why Food Production Is Critical to Climate Change

Governments have largely overlooked a huge potential source of emissions savings: where we get our food

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news in one place.

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Caixin Global

Tencent Music’s Profit Cut in Half Amid Crackdown on Monopolies, Tax Evasion

The operator of China’s largest online music platform blames declining revenue on increasing competition and ‘changing macro environment’

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Shanghai Composite Index Rose 0.34% on Wednesday

Shenzhen Component Index closed up 0.73%

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Baoneng Chairman Yao Zhenhua Is Not Missing, Despite Court Statement

Debt-laden property and financial services conglomerate posts a picture of Yao at a Shenzhen factory in response to court declaration his whereabouts were unknown

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Fisher: Wisdom From the Greats to Survive China's Bear Market

Investors should remember ‘if you can keep your head when all about you are losing theirs ... yours is the Earth and everything that’s in it’

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.19% on Tuesday

Shenzhen Component Index closed down 0.49%

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Former Supreme People’s Court Vice President Under Investigation

Shen Deyong, high-profile legal influencer and CPPCC standing committee member, taken away by Communist Party’s top anti-graft watchdog

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Editorial: Three Principles Should Guide China’s Economic Future

Measures that fail to adhere to the principles of market orientation, the rule of law, and internationalization ought to be either reformed or scrapped

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China Warns of ‘Unimaginable’ Fallout if Ukraine-Like Crisis Happened in Asia

Vice Foreign Minister Le Yucheng says that region could be pushed into ‘an abyss’ resulting from Washington’s Indo-Pacific strategy that is ‘as dangerous as the NATO strategy of eastward expansion in Europe’

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Update: Plane Carrying 132 People Crashes in South China

China Eastern Airlines flight goes down in Teng county in the Guangxi Zhuang autonomous region. The number of casualties remains unknown

Caixin Global

South China Province Plans to Set Up International Carbon Trading Center

The holiday destination city of Sanya, Hainan, has been selected as a potential site for exchange, slated to open in the second half of this year

Caixin Global

Shanghai Composite Index Rose 0.08% on Monday

Shenzhen Component Index closed up 0.41%

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