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

TOP STORIES

: In Depth: Shein Heads for Hong Kong IPO as Growth Slows, Regulatory Pressure Mounts
The fast-fashion giant’s projection valuation has plummeted in the face of intensifying competition and rising costs overseas

: Standard Chartered-Backed China Bohai Bank and Wealth Unit Fined Over $9 Million
Regulator cites imprudent practices in loan, bill and wealth management businesses

Cover Story: China Tech Firms Drive AI Data Center Boom in Southeast Asia

Chinese cloud companies and server facility operators are expanding across Malaysia, Thailand and Indonesia, seeking faster construction, cheaper capacity and a foothold in markets becoming central to the global AI race

: China’s Advanced Chip Supply to Surge 46% Annually Through 2035, Goldman Says
U.S. investment bank expects domestic wafer output to surge on the back of SMIC expansions and generative AI demand, though a technology gap remains

China’s Medical Insurance System Disproportionately Benefits the Wealthy, Study Finds

Despite near-universal coverage, a new study reveals that flat-rate premiums and fragmented policies favor high-income earners, prompting calls for income-based health care contributions

INSIGHT

In Depth: Millions Tied Up as Hong Kong IPO Fund Network Runs Into Trouble

Cover Story: Unmasking the Architect of a Global Cybercrime Empire

Analysis: Travel Is Booming in China, so Why Are State Tourism Firms Bleeding Red Ink?

Caixin Explains: How China Plans to Pay for Its Urban Renewal Push

A-Share Database >>

China Business Uncovered Podcast: Leaked Deals, Bribes Behind Hong Kong’s Insider-Trading Scheme

Aug 14, 2026 03:23 PM

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LATEST NEWS

: 22 Missing as China-Bound Cargo Ship Sinks in Bay of Bengal
The MV Ocean Winner went down in just eight minutes, prompting an ongoing search-and-rescue operation. Maritime experts suspect wet iron ore triggered a fatal cargo liquefaction event
Aug 25, 2026 03:02 PM

: ByteDance Consolidates AI Office Tools Around Doubao
New Doubao Work product brings Feishu and other AI tools closer together as competition shifts toward autonomous workplace agents
Aug 25, 2026 02:52 PM

: China and Switzerland Conclude Upgraded Free-Trade Deal
The revised pact will eliminate Chinese tariffs on 99.8% of Swiss exports, expanding Beijing’s economic footprint in Europe amid EU trade tensions
Aug 25, 2026 02:35 PM

: Leapmotor Slashes 2026 Profit Target Despite Sales Surge
Leapmotor’s first-half net profit soared 600% and overseas sales beat expectations, but intense domestic price wars forced a major revision to its full-year outlook
Aug 25, 2026 02:21 PM

: China Pioneers ‘Know Your Agent’ Rules for AI Payments
Industry convention holds licensed financial institutions accountable for AI-driven transactions
Aug 25, 2026 01:23 PM

: Patient Deaths in China Trials Spur U.S. Demand for FDA Scrutiny
U.S. House lawmakers say the FDA should not rely on Chinese clinical-trial data without recent inspections, citing opaque reporting of serious adverse events in high-risk biomedical research
Aug 25, 2026 11:03 AM

: CX Daily Aug. 25: China Tech Firms Drive AI Data Center Boom in Southeast Asia
Chinese cloud companies are expanding across Southeast Asia as they seek a foothold in markets fast becoming central to the global AI race
Aug 25, 2026 09:00 AM

: PDD Shares Rise After Earnings Beat, Despite Slower Growth at Temu
Second-quarter profit came in ahead of forecasts, while revenue fell short as overseas expansion lost momentum and the company stepped up investment in supply chains and self-operated brands
Aug 25, 2026 03:07 AM

: Xiaomi Steps Up Chip Push With New Smartphone, AI and Self-Driving Processors
The new lineup reflects Xiaomi’s effort to build a more self-sufficient technology stack, but analysts say the company still faces high costs and limited scale in bringing in-house chips to market
Aug 25, 2026 12:46 AM

: Shein Seeks Up to $1.8 Billion in Hong Kong IPO at $27 Billion Valuation
The fast-fashion retailer’s targeted valuation is sharply below its private-market peak, as slowing growth and the loss of import-tax exemptions in Western markets weigh on its low-cost model
Aug 24, 2026 11:56 PM

: Alibaba’s $12 Billion Share Sale to Fund AI Push Sends Stock Lower
The Hong Kong placement, priced at a discount, highlights the rising capital demands of the global AI race as Alibaba’s spending pressures profit and cash flow
Aug 24, 2026 10:59 PM

: Veteran Banker Li Yun Appointed Acting Mayor of Shenzhen
The appointment means Shenzhen’s top two officials both possess extensive financial backgrounds, underscoring a strategic focus on economic management for the technology hub
Aug 24, 2026 09:19 PM

: Former Peking University Vice President Sentenced to Eight Years for Bribery
Ren Yuzhong, a rising star who became Peking University’s first millennial-generation vice president, accepted millions of dollars in bribes in exchange for college admissions and jobs
Aug 24, 2026 09:07 PM

: China’s Draft Outbound Investment Rules Target Individuals, Tighten Oversight
Draft NDRC regulations remove the $300 million reporting threshold for overseas reinvestments to manage geopolitical risks
Aug 24, 2026 06:56 PM

: China’s Graft-Busters Keep CHN Energy in Their Sights
Corruption investigators are looking into the former labor union chairman at Ningxia Coal Industry, bringing the number of managers probed at the state-owned conglomerate to at least 17 since March 2025
Aug 24, 2026 06:47 PM

: Business Brief (Aug. 24): China Ramps Up Push to Clear Business Arrears
Domestic passenger car sales plunge, China and Switzerland complete negotiations to upgrade their free trade agreement
Aug 24, 2026 06:33 PM