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In today’s episode: CSRC Chief, Yi Huiman, hits back at Washington’s complaints of poor access to audits of U.S.-listed Chinese enterprises; what this year’s 6.18 online shopping bonanza tells us about consumer spending amid the pandemic; and how tensions between India and China could impact business.
Read further coverage at caixinglobal.com
In today’s episode: Sinopharm shares leap 15% following promising news on a Chinese trial vaccine against Covid-19; Beijing waives taxes to attract foreign asset managers; and central bank establishes a 200 billion yuan fund to bolster small and midsize lenders saddled with bad debt.
Read further coverage at caixinglobal.com
This week on the Caixin-Sinica Business Brief: Seventy-nine newfound COVID-19 cases in Beijing threaten to send the city back into lockdown, American Express receives approval to start bank card clearing services in China, and a 24-hour hostage situation involving one of China’s richest men ends with five arrests.
In addition, we speak with Doug Young, Caixin Global’s managing editor, about Chinese internet giant NetEase and its secondary IPO in Hong Kong as China-U.S. tensions continue to rise.
Read further coverage at caixinglobal.com
In today’s epsiode: next few days are critical for the capital city’s fight against the virus, says top epidemiologist; how Hong Kong could rake in as much as $557 billion dollars as more U.S.-listed Chinese companies consider secondary listings in the Asian financial hub; and masses of disgruntled investors demand Sichuan Trust return their money.
Read further coverage at caixinglobal.com
In today's episode: speculation that fish contaminated with the coronavirus triggered Beijing's Covid-19 outbreak wreak havoc on seafood vendors; Midea's billionaire founder rescued from kidnappers in dramatic police raid; and how the world’s second biggest economy is holding up in the midst of the global pandemic.
Read further coverage at caixinglobal.com
In today’s episode: Chinese capital cranks up emergency response after city confirms over 70 virus cases; American Express gets green light to handle currency transactions in China; and Segway Ninebot to go public on the STAR Market.
Read further coverage at caixinglobal.com
For years the mainland’s offshore trade has been held back by a clampdown on inflows of speculative cash disguised as offshore trade payments. Now things are shifting in the opposite direction. Regulators are relaxing controls in a bid to attract multinationals to Shanghai and help the city compete with the likes of Hong Kong and Singapore.
Read further coverage at caixinglobal.com
For years Beijing has denied U.S. regulators permission to inspect audits of Chinese companies listed on American stock exchanges – much to Washington’s frustration. Things took a dramatic turn when the fraud scandal at Nasdaq-listed Luckin Coffee broke, sending its shares crashing and leaving investors nursing heavy losses. Now the Trump administration appears to be losing patience. This episode reveals how U.S. regulators are threatening to block Chinese enterprises from American capital markets if they don’t comply with the same rules as everyone else.
Read further coverage at caixinglobal.com
In today’s episode: Economics professor touts a two-husband solution to the demographic challenges caused by the One-Child policy; EU launches probe into teen sensation TikTok; and new mutual aid programs fill gap in national health care coverage, but critics call for more regulation.
Read further coverage at caixinglobal.com
In today’s episode: British chipmaker Arm clashes publicly with its joint venture over the unit’s leadership; China plans new mega refiner capable of processing 20 million tons of oil a year; internet watchdog blasts Weibo for posting ‘illegal information’.
Read further coverage at caixinglobal.com
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