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The Latest Breaking News from Caixin Global

Opinion: In Crisis Mode, Shanghai Should Stick to Zero-Covid Approach

A UCLA professor’s long-term coexistence plan won’t help and could hinder Shanghai’s response to the current crisis, a Zhejiang University professor argues

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China’s Real Estate Woes Eat Into Vanke’s Earnings

Chairman Yu Liang attributed a 45.7% profit plunge to dwindling margins, falling returns on investment

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Opinion: China’s ‘Draghi Moment’ Saved Its Stocks, but Can It Work Next Time?

A well-timed government announcement can quickly shift market expectations, but it has to be followed by concrete measures to maintain credibility

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Analysts Cut Estimates for China’s GDP Growth Amid Covid Surge

First-quarter expansion could be as much as 1.5 percentage points lower than original forecasts

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Shanghai Composite Index Fell 0.44% on Thursday

Shenzhen Component Index closed down 1.19%

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State Oil Giant CNOOC Cleared for $5.5 Billion Share Sale in Shanghai

China’s biggest offshore driller posts record 2021 earnings as profits jump 182% on rising output and soaring world oil prices

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Chinese Insurers Start Paying Out in China Eastern Crash

Families of victims receive $2.34 million so far from 11 insurance companies while property and casualty insurers pay China Eastern $18.2 million

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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

Caixin Global

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%

Caixin Global

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

Caixin Global

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

Caixin Global

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news in one place.

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Caixin Global

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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news in one place.

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Caixin Global

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

Caixin Global

Foreign Direct Investment in China Hit Record High in 2021

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

Caixin Global

Shanghai Composite Index Rose 0.07% on Monday

Shenzhen Component Index closed down 1.02%

Caixin Global

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

Caixin Global

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

Caixin Global

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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