The Caixin-Sinica Business Brief

This week on the Caixin-Sinica Business Brief: Top securities regulator rolls out registration-based IPO system for Shenzhen and Shanghai main boards, IMF upgrades China’s GDP forecast, and trucking startup TuSimple denies report of potential U.S. spying probe. In addition, we speak with Kelly Wang of Caixin Global about China's efforts to develop a new generation of soccer talent. See Privacy Pol...

On this week's episode: Roughly two dozen countries put curbs on travelers from China, Alibaba signs deal with Hangzhou government, and Shenzhen plans cash handouts to boost the birthrate. In addition, Zhang Yukun, finance reporter at Caixin Global, explains how scammers bilked PFM firms in China for millions of yuan. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at...

This week on the Caixin-Sinica Business Brief: Pharmacies told to give out free meds, China to boost the supply of Pfizer’s Paxlovid, Xiaomi slashes staff after a third consecutive down quarter, and ‘Avatar 2’ breathes some life into the tepid Chinese box office. In addition, Kelsey Cheng joins to discuss China's weakening exports — and why export growth is weak despite favorable exchange rates. S...

This week on the Caixin-Sinica Business Brief: Mainlanders rush to Macao for mRNA shot, exit from ‘zero Covid’ spurs air travel revival, and U.S. and Chinese regulators make major progress in audit dispute. In addition, we speak with Caixin Global finance reporter Yukun Zhang about the challenges that the Big Four accounting firms face in China even after the apparent resolution of the longstandin...

This week on the Caixin-Sinica Business Brief: Guangzhou eases Covid curbs, UBS economist predicts China to fully reopen in the third quarter of 2023, housing sales slump persists despite rescue efforts. Plus, Kelsey Cheng of Caixin Global discusses new options for retirement savings as households look to diversify from real estate. See Privacy Policy at https://art19.com/privacy and California Pr...

This week on the Caixin-Sinica Business Brief: China’s property sales remain sluggish despite government efforts, Tencent wins new game license after 17-month drought, and Alibaba posts surprise loss amid crisis in consumer confidence In addition, Caixin Global finance reporter Yukun Zhang talks about the downfall of Tian Huiyu, the once high-0flying banker and former president of China Merchants...

This week on the Caixin-Sinica Business Brief: China cuts quarantine time for international travelers, China’s home-grown GPS rival is fitted in almost every new smartphone shipped in the country; and carmaker BYD launches its first luxury EV brand in a challenge to high-end foreign brands. In addition, Jonathan Breen talks about how Beijing is addressing abuse of the cough medicine DMX. See Priva...

This week on the Caixin-Sinica Business Brief: Chinese Miners Ordered to Divest From Canadian Lithium Projects. Plus, Chinese bank moves to recoup billions of unpaid Evergrande loans, and how Apple supplier Foxconn is trying to stop workers from fleeing Covid lockdown. We also speak with Caixin Global editor Josh Drummer about the success— and the challenges — of EV battery giant CATL as it seeks...

This week on the Caixin-Sinica Business Brief: Wildfires rage in Sichuan and Chongqing as a heatwave and drought turn forests into tinderboxes and reservoirs evaporate; Huawei's Ren Zhengfei warns of dire difficulties ahead for the telecoms equipment giant; a labor scam in Hong Kong fleecing people lured to Southeast Asia with the promise of high-paying jobs is uncovered; and SMIC announces plans...

This week on the Caixin-Sinica Business Brief: China’s central bank lowers two key interest rates by 10 basis points; China’s Foreign Ministry releases a white paper on Taiwan; Beijing defends its controversial decision to suspend climate cooperation with the U.S.; Hainan continues to wrestle with a COVID outbreak; fast-fashion giant Shein overtakes Amazon in app downloads; and ByteDance shells ou...

This week on the Caixin-Sinica Business Brief: Sino-U.S. relations continue to suffer in the aftermath of U.S. House Speaker Nancy Pelosi’s controversial trip to Taiwan; the U.S. expands its ban on the sale of semiconductor design equipment to China; Chinese electric vehicle battery maker CATL sues a rival over alleged IP infringement; troubled property developer Evergrande abandons plans to build...

This week on the Caixin-Sinica Business Brief: U.S. President Joe Biden and Chinese President Xi Jinping hold a call lasting over two hours ahead of a possible visit to Taiwan by U.S. Speaker of the House Nancy Pelosi and a congressional delegation; Beijing will stick with its “zero-COVID” strategy despite the economic hit; and China’s digital currency gets some new measures to combat privacy viol...

This week on the Caixin-Sinica Business Brief: Beijing backs down over the use of "quarantine bracelets" after online backlash; Didi served with large fines for violations of data and personal security laws; Hong Kong cops bust a fake marriage ring, arresting over 100 individuals; and U.S.-China tensions flare over Nancy Pelosi's plans to visit Taiwan next month. In addition, we speak with Caixin...

This week on the Caixin-Sinica Business Brief: A senior executive has left ByteDance, the company behind TikTok after his hardware initiatives were unsuccessful; a knife attack in a Shanghai hospital results in multiple injuries to hospital staff; Hong Kong eases some COVID control measures; an iron ore mining project in Guinea is once again on hold after the Chinese and Guinean sides fail to come...

This week on the Caixin-Sinica Business Brief: Xi Jinping swears in Hong Kong's new chief executive, John Lee, and says that Hong Kong must be governed by "patriots;" a Hong Kong investor sues to have embattled developer Evergrande liquidated; China is on track to increase coal production by 200 million tons in 2022; and Chinese cities reduce spending for the second half of the year amid economic...

This week on the Caixin-Sinica Business Brief: The USTR is still wavering on easing tariffs as Katherine Tai sees tariffs as "leverage" against China; Xi Jinping calls economic sanctions a "double-edged sword" in his opening speech at the BRICS Summit; TikTok's Chinese sister company Douyin wins rights for digital broadcast of the World Cup; and EV maker NIO responds after two people are killed wh...

This week on the Caixin-Sinica Business Brief: China’s top regulator quashes rumors of a revived Ant Group IPO; the debate over IVF for single women in China heats up; China’s defense minister Wei Fenghe spits some fire at the Shangri-La Dialogue; and new COVID outbreaks threaten openings in Shanghai and Beijing.  In addition, we speak with Caixin Global financial reporter Yukun Zhang about m...

This week on the Caixin-Sinica Business Brief: A kerfuffle in China over images in textbooks; the chairman and CEO of a financial services company faces a two-year ban on securities trading; the numbers are down again this month as Shanghai and other Chinese cities emerge from lockdown; EU says that China will take advantage of Russia’s energy woes; and a bit reshuffle at Ant Financial. In additio...

This week on the Caixin-Sinica Business Brief: USTR Katherine Tai is still not saying whether the Biden administration will lift some tariffs on Chinese goods; Chinese companies listed in the U.S. face a November deadline to resolve the longstanding audit issues; Luckin Coffee reports its first-ever operating profit; Airbnb checks out of China; and Beijing targets stimulus at airlines and consumer...

This week on the Caixin-Sinica Business Brief: Ridesharing giant Didi Global says it will not complete a cybersecurity review before its pending delisting from the NYSE; Hong Kong authorities bust a money-laundering scheme; and Joe Biden dangles the possibility of dropping Trump-era tariffs, even as Beijing bridles at changes to the language on a State Department “fact sheet” on Taiwan.  In a...

This week on the Caixin-Sinica Business Brief: The Beijing leadership doubles down on its controversial “Dynamic Zero-Covid Strategy”; foreign companies feel the pinch from the Covid lockdowns, especially in logistics, according to a new European Union Chamber of Commerce survey; China’s regulators appear to back off a bit from their ongoing crackdown on China’s fintech sector; the Asian Games, sc...

This week on the Caixin-Sinica Business Brief: Beijing scrambles to control a COVID-19 outbreak in the capital, undertaking mass testing; leading commercial drone maker DJI suspends operations in both Russia and Ukraine; asset management companies report soaring profits — as do makers of COVID test kits; and three Chinese nationals are dead after an apparent suicide attack at a Confucius Institute...

This week on the Caixin-Sinica Business Brief: The lockdown in Shanghai continues as residents scramble to find sources of food and officials move against price gouging; the intercity logistics sector feels the pinch of the lockdowns, according to new research; TSMC sees revenues and profits growing healthily amidst huge demand for chips; the head of a joint ICBC-Goldman Sachs fund steps aside ami...

This week on the Caixin-Sinica Business Brief:  China’s ambassador to the United Nations calls for an investigation into the killings of civilians in Bucha, in the Kyiv suburbs; more grim allegations of human trafficking emerge in China; China’s top securities watchdog says new rules governing overseas IPOs will be fast-tracked; Bain reports declining private equity activity in China as exits...

This week on the Caixin-Sinica Business Brief:  China’s ambassador to the United States says that China’s relationship with Russia does have a bottom line; Chinese consumer drone powerhouse DJI is upbraided over its inability to ground drones used by Russian forces in Ukraine; Shanghai battles an outbreak of the Omicron variant; ZTE shares jump as the company is released from probation by the...