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The Latest Breaking News from Caixin

As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea

Caixin Global

Weekly Must-Read: Rethinking China’s Property Market Meltdown

As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea

Caixin Global

Former China Securities Regulatory Official Expelled From Communist Party for Alleged Bribery

Yang Chunlei became the target of a probe when her husband Cong Lin, former president of investment bank China Renaissance, came under investigation last year

Caixin Global

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Chinese Authorities Identify 11 Suspects in Fatal Gym Collapse

This is the second gymnasium collapse in Northeast China’s Heilongjiang province in just over three months, raising concerns about building safety in the region

Caixin Global

Caixin China New Economy Index Falls as Investment Shrinks

The gauge that tracks the size of high value-added industries such as biotech dropped to 31 in October from 31.9 the previous month

Caixin Global

Ex-Executive of Shanghai Bourse Accused of Bribery and Fake Divorce

Liu Ti, exchange’s former deputy general manager, falsified records, embezzled public assets and pursued improper gains, graft busters say

Caixin Global

Caixin China New Economy Index Rises Again on Growing Investment

The NEI increased 1.5 points in September to 31.9, marking a third straight month of growth

Caixin Global

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Exclusive: UBS Committed to China, Sees Opportunities After Credit Suisse Deal

Merged group is looking at how best to expand its presence in the country, CEO Sergio Ermotti tells Caixin in an exclusive interview

Caixin Global

Huawei Appoints Yu Chengdong as Chairman of Smart Car Unit, Sources Say

Jin Yuzhi, who has been head of the tech giant’s optical fiber business since 2019, will succeed Yu as CEO

Caixin Global

Reporters’ Notebook: A China-Backed All-Electric Race Series Could Steer the Global South’s Clean Energy Transition

The launch of the Elite World Cup is part of a broader plan by its founders to ignite the EV sector in South Africa and other developing nations

Caixin Global

Tianjin Public Transit Delays Bus Driver Salaries

Employer of 18,300 delayed wages since June, workers report, spotlighting financial strains amid years of operating losses

Caixin Global

Beijing District Scraps Price Limits on Pre-Owned Homes

Haidian district, known for prestigious schools, joins a parade of localities dropping price controls to bolster housing sales

Caixin Global

Weekly Must-Read: Why China’s Efforts to Juice Stocks Typically Don’t Last

Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment

Caixin Global

Weekly Must-Read: China’s Offshore Wind Sector Gears Up for Life After Subsidies

Even as individual firms prepare to scrap for local government contracts, analysts say the sector will continue to ride the updraft

Caixin Global

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Caixin Global

Ex-Boss of Taiping Life Falls Under Graft Investigation

Zhang Ke, who helped quadruple the insurer’s revenue before leaving in 2020, taken away by authorities in Shanghai

Caixin Global

Property slump is undermining borrowers’ ability to repay

Caixin Global

Shanghai Composite Index Rose 1.2% on Tuesday

Shenzhen Component Index closed up 2.17%

Caixin Global

AI Specialist SenseTime Is Laying Off More Workers, Sources Say

The software developer has been gradually cutting staff while slowing hiring in recent months, one former worker told Caixin

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Caixin Global

Weekly Must-Read: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global

Former Nio Electric Car Rival Singulato Goes Bust

Nine-year-old EV startup enters bankruptcy liquidation without delivering any vehicles

Caixin Global

Weekly Must-Read: How Zhongzhi Became the Latest Chinese Financial Holding Group to Fall

For years, the conglomerate held a reputation as one of the premier private financial holding groups in China, but its problems escalated quickly after the sudden death of its founder, Xie Zhikun, in late 2021

The Independent UK

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

Caixin Global

Third-Party Payment Industry Consolidates as Prepaid Card Issuers Exit

Prepaid card issuers suffer as business contracts; some exit as PBOC revokes licenses for failing to meet industry requirements, others drop out

Caixin Global

Shanghai Composite Index Fell 0.25% on Tuesday

Shenzhen Component Index closed down 0.42%

Caixin Global

Weekly Must-Read: Race Is on to Become China’s SpaceX

Chinese startup LandSpace Technology became the world’s first private company to launch a methane-liquid oxygen carrier rocket, leaping ahead of local rivals including GalaxySpace, Chang Guang Satellite and i-Space

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