China Business Insider - News From Caixin Global

In today’s episode: fintech giant’s dual listing in Shanghai and Hong Kong could raise more than $20 billion; Mengniu drops acquisition deal as Australian treasurer calls takeover ‘contrary to national interests’; and China’s enthusiasm for overseas assets cools amid Covid-19 pandemic and rising geopolitical tensions.

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In today’s episode: Chinese investors struggle to make the Simandou mining project operational; banking regulator sounds the alarm about nearing the ‘tolerance limit’ for bad small business loans; and online education player Koolearn suffers major losses despite industry hype.

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This week on the Caixin-Sinica Business Brief: Despite the Trump administration’s threat to ban WeChat, Apple and other companies have been given assurances by the White House that they will continue to be able to offer, and to use, the wildly popular app. A vaccine candidate for African swine fever enters a new stage of trials. Chinese electric-vehicle maker Nio Inc. launches a battery rental service to decrease the upfront cost of purchasing a cleaner vehicle. 

In addition, we speak with Caixin Global managing editor Doug Young about China’s wheat imports, which have more than doubled in the first seven months of 2020 compared with the same period last year — signaling the possibility of a food shortage due to China’s severe summer flooding.

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In today’s episode: the alleged multimillion-dollar bribery scheme raises questions on Chinese investment in the U.S.; the Trump administration is reportedly looking into a ‘partial ban’ on WeChat; and how it has become a lot more affordable to get your hands on one of Nio’s electric cars

China’s eastern province of Shandong plans to uproot 250 villages by the end of the year. Authorities say large numbers of small villages hinder the development of the countryside, but others have decried what they see as low compensation, coercive official tactics and the destruction of rural communities. Focusing on Liumiao village, this episode explores the experiences of one such rural community whose residents have been ordered to leave their homes.

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In July, China launched its first solo mission to Mars with the Tianwen-1, a combined orbiter, lander and rover. This episode not only discusses how the expedition aims to search for hints of life on the red planet, but reflects on China’s rise as a major player in space exploration.

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In today’s episode: Chinese and U.S. trade negotiators will hold talks 'soon,' says Beijing, after rumored meeting is cancelled; Domestic chip makers see shares rise again; Japanese lawmaker ponders local buyout of TikTok, and Alibaba's second-quarter sales beat Wall Street expectations

In today’s episode: Aviation authorities in China and the U.S agree to double weekly passenger flights to eight on either side, although that's still far fewer than pre Covid-19;

Taiwan to restrict mainland video streaming services, singling out two of the biggest providers;

Hong Kong stock exchange reports record IPO income so far this year, while in mainland markets, new investor accounts in July numbered 2.4 million, double the June figure.

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On this week’s Caixin-Sinica Business Brief podcast:

- China-U.S. and China-India friction focuses in on what to do with Tiktok, while U.S.-Russia relations grow tighter

- Tianjin-based financial heavyweight accused of bribery, embezzlement and bigamy

- Mainland tech manufacturer Luxshare burst into the headlines after buying iPhone factory

In today’s abridged episode:  China Railway may have to pay out to five Chinese insurance companies despite a bond slump and collapse in profits this year; 

Premier Li Keqiang is urging state-controlled banks to back county-level urbanisation projects with dedicated credit lines;

Two new China climate change indices are published by MSCI to track China’s transition to a lower carbon economy;

Australian wine shares slumped on news that China is targeting the country on anti-dumping grounds;

Video conferencing app Zoom is expanding into Southeast Asia.