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In today’s episode: 83 tons of gold bars used as loan collateral turn out to be gilded copper; can Tencent-backed livestreaming service Trovo overtake Amazon’s Twitch?; and why the state’s plan to issue brokerage licenses to commercial banks could fundamentally change the sector.
Read further coverage at caixinglobal.com
A dispute over mining rights in Papua New Guinea has seen one of China’s biggest mining companies accelerate a spending spree that has left it saddled with debt, and facing a potential downgrade by the three major ratings firms.
Read further coverage at caixinglobal.com
Hong Kong has become increasingly attractive to mainland-based companies as American investors grow wary of Chinese companies after a series of fraud scandals poisoned the U.S. regulatory environment.
Read further coverage at caixinglobal.com
In today’s episode: why depending on a single type of coronavirus test could lead to missed diagnoses; securities regulator turns to satellite data to uncover Zoneco’s fishy figures; and Gome's shares jump following founder’s prison release.
Read further coverage at caixinglobal.com
In today’s episode: Internet watchdog punishes 10 of the nation’s top livestreaming apps; think tank calls for drastic reform to pension system and family planning to counter aging population challenges; and leaked video of a car safety test sparks concern.
Read further coverage at caixinglobal.com
In today’s episode: The multinational could be facing a potential PR disaster after a string of Covid-19 infections at its plant; steel titan Baowu gears up to develop the world’s biggest untapped iron ore reserve; and Anhui province’s rural credit system gets shaken by an anti-graft storm.
Read further coverage at caixinglobal.com
This week on the Caixin-Sinica Business Brief: Yum China files confidentially for Hong Kong listing; local governments to provide incentives for up-and-coming live streamers to boost e-commerce; and the latest on air travel between the U.S. and China.
Read further coverage at caixinglobal.com
In today’s episode: Ten arrested on allegations of illegally raising billions of yuan by posing as state owned enterprises; how Hong Kong universities are hoping to attract top students whose overseas study plans were wrecked by the virus; and why a mountain of public funds earmarked for investment in infrastructure and public welfare projects were left idle last year.
Read further coverage at caixinglobal.com
In less than two years, China’s nascent market for online health-care mutual aid platforms has attracted more than 150 million participants. The programs enable them to share the risk of becoming critically ill and collectively bear related medical expenses. However, as this episode presents, the industry may also expose participants to operational, financial and legal risks.
Read further coverage at caixinglobal.com
The coronavirus pandemic has exposed gaps in the nation’s disease control and prevention mechanisms. An agency which has found itself at the very center of this critical discussion is China’s CDC. Policymakers and medical experts agree that the CDC is in serious need of reform, especially if the country wants to win its fight against Covid-19 and contain future epidemics. But, the matter of how to reform the agency is proving to be a very complicated matter.
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