Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Weekend Long Read: China Inc.’s Overseas Expansion Has Echoes of Japan
A comparison of the two nations’ experience shows there’s more driving the change than domestic overcapacity.

: CSRC Sets Out Uplisting Obligations for Overseas OTC Companies
Regulator issues the clarification after Wetouch Technology failed to file a record of its uplisting in advance of moving to the Nasdaq stock exchange, sources tell Caixin

In Depth: Regulators Turn Blind Eye to Banned Zero Down Payment Property Deals

China’s developers are offering incentives to encourage home sales, some of which breach the rules, but in a depressed market regulators are being flexible

: PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes
Banks to pass on lending to local state-owned enterprises to buy unsold properties and resell or lease them as affordable housing

China Approves 33 New Undergraduate Colleges to Boost Vocational Education

The new vocational colleges are part of a national strategy aiming to meet the growing demand for skilled professionals

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Caixin Biz Roundup: Chinese Shipping Costs Spike, Cosco Defends Peru Port Rights

May 17, 2024 05:26 PM

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LATEST NEWS

: GAC’s EV Brand Teams Up With CATL on Battery-Swapping Business
Aion will develop EV models with swappable batteries, while CATL will supply battery packs, as car-maker seeks to expand its business amid slumping sales
May 18, 2024 06:31 PM

: TikTok Parent Seeks to Fast-Track Suit Over U.S. Divest-or-Ban Law
Short video platform appeals to court to decide on the merits of the case by Dec. 6 so there is adequate time to request an emergency review by the Supreme Court ‘to avoid irreparable harm’
May 18, 2024 06:21 PM

: Canada Is Looking at EV Tariff Policy After Biden’s Move Against China
The U.S. announced sweeping new tariffs against China this week, targeting semiconductors, solar cells and other products
May 18, 2024 06:09 PM

: Former Trust Firm of Failed Tomorrow Holding Up For Sale Again at a Discount
All 6 billion shares of New Times Trust are on sale at a price 20% lower than previous unsuccessful attempt to find buyers for the firm once controlled by jailed tycoon Xiao Jianhua
May 18, 2024 05:52 PM

: Hong Kong Officially Launches Digital Yuan Payments Pilot
Residents of Hong Kong are first outside the mainland to be able to pay via the digital yuan wallet through major Chinese banks
May 18, 2024 03:48 AM

: BYD Electronic to Join Hong Kong’s Benchmark Index
Hang Seng reshuffle sees Zijin Mining Group added to its China Enterprises Index
May 18, 2024 03:46 AM

: Gallery: Beijing Welcomes Putin
Russian President Vladimir Putin landed in Beijing on Thursday afternoon for a state visit. The trip is the first overseas journey of his new term in office and his 23rd to China as Russia’s leader. So far, Putin has attended a grand welcome ceremony, met with President Xi Jinping and participated in activities celebrating the ‘China-Russia Culture Year’
May 17, 2024 07:01 PM

: In Depth: EV Battery Startups Take the Driver’s Seat in Race for Solid-State
Newcomers have invested billions in ramping up production of the promising technology, while the industry giants are holding back in the face of thorny tech issues
May 17, 2024 06:43 PM

: China’s Capital Loosens Work Permit Requirements to Attract Overseas Talent
Foreigners graduating from universities both home and abroad will no longer need to have two years of job experience to apply in Beijing
May 17, 2024 06:03 PM

: Caixin Biz Roundup: Chinese Shipping Costs Spike, Cosco Defends Peru Port Rights
SAIC to share hybrid car tech with Volkswagen, GM; CATL partners with French shipping giant to explore electric ship collaboration
May 17, 2024 05:26 PM

: Daily Tech Roundup: Li Auto Gets Sued, New U.S. Tariffs to Hit Chinese Battery-Makers Hardest
Nio launches affordable brand in challenge to Tesla, Baidu’s revenue slows after China’s downturn mars AI push
May 17, 2024 03:33 PM

: Shanghai Composite Index Rose 1.01% on Friday
Shenzhen Component Index closed up 1.1%
May 17, 2024 03:03 PM

: China Rebound Gets More Lopsided as Factories Hum, Shoppers Lag
Retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s No. 2 economy
May 17, 2024 02:46 PM

: Country Garden Begins Court Battle Against Liquidation Threat
The Chinese developer will make the case that it can come up with a plan for its debt obligations, months after a creditor filed a winding-up petition against it
May 17, 2024 02:32 PM

: Baidu Revenue Slows After China’s Downturn Mars AI Push
The results underscore how the internet search leader is struggling to capitalize on its first-mover advantage
May 17, 2024 02:25 PM

: JD.com Sales Quicken After Dangling Perks to Woo China Shoppers
The retailer’s results are seen as one of the key bellwethers of Chinese consumption, which has struggled to recover post-pandemic
May 17, 2024 02:24 PM

: Update: China Removes Mortgage Rate Floor for Individual Homebuyers
PBOC lowers minimum down-payment ratio for first-time buyers to 15% and to 25% for second homes, statement says
May 17, 2024 02:09 PM