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TOP STORIES


CAIXIN EXPLAINS: CHINA TAKES ANOTHER STEP TO UNSHACKLE INTEREST RATES

The central bank has taken another step forward in shifting its savings rate
regime to a more market-based system

 * Cover Story: The Lagging Overhaul of China’s $3.9 Trillion Bank WMP Sector

 * Four Things to Know About How Loans Now Get Priced in China




SHANGHAI FLARE-UP RENEWS FEARS OF SPREADING OUTBREAK

Two dozen Covid cases across the city trace back to a karaoke bar while others
in Beijing and Tianjin are linked to a Shanghai quarantine hotel

 * Analysis: China's 'Zero-Covid' Policy Is Here to Stay Despite Relaxing of
   Quarantine Rules

 * Beijing Makes Vaccination Mandatory for Crowded Venues


VIVO SAYS IT’S COOPERATING WITH INDIAN AUTHORITIES AFTER RAIDS

The company is the fourth Chinese smartphone-maker, alongside Xiaomi, Oppo and
Huawei, to be targeted by its neighbor on suspicion of misconduct

 * Indian Court Pauses Takeover of Xiaomi’s Assets

 * Tax Raids on Huawei Could Signal New Delhi’s Hardening Stance on Chinese Tech


CHINESE ROBOT STARTUP PUDU TECHNOLOGY STARTS MASS JOB CUTS

Maker of delivery products slashes workforce to 500 from 3,000 last year amid
red ink in a slowing economy

 * In Depth: Covid-19 Gives Robots a Chance to Shine

 * Chinese Rehabilitation Robot-Maker Backed by Aramco Eyes Global Push


RECORD 274 COMPANIES APPLY FOR IPOS IN LAST WEEK OF JUNE

Even as Chinese businesses rush to raise funds under streamlined system, a
rising number of applicants are also dropping out

 * Hong Kong’s Dry Spell for IPOs Set to End With Big China Deals

 * China’s Central Bank Vows Normalized Supervision of Tech Sector

SSE Index
CSI 300
CSI 500
CSCX Bedrock Economy
CSCX New Economic Engine
SZSE Chinext
3355.35↓-48.68-1.43%
09:3011:30/13:0015:003325.733404.033482.32
A-Share Database >>


Caixin China Biz Roundup: One-Child Policy Era Baby Abduction Allegations Spark
Outrage
Jul 06, 2022 06:13 PM
00:00/00:00

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LATEST NEWS

RUSSIAN DIPLOMAT IN CHINA CLASHES WITH WESTERN COUNTERPARTS ON UKRAINE

Tsinghua University’s World Peace Forum provides a rare setting for
representatives of major world powers to exchange views on stage

Jul 07, 2022 06:59 AM

CHINESE CHIPMAKERS SURGE AFTER U.S. PUSHES FOR MORE INDUSTRY CURBS

Piotech, Kingsemi and Advanced Micro-Fabrication lead gains in semiconductor
stocks driven by support for homegrown industry

Jul 07, 2022 03:29 AM

CENTRAL BANK STARTS TO WITHDRAW CASH IN PIVOT FROM CRISIS POLICY EASING

PBOC slashes short-term liquidity operation, signaling shift toward normalizing
monetary policy even as global peers raise rates

Jul 07, 2022 03:24 AM

FEWER TRUCKS ON CHINA’S HIGHWAYS AS STORMS, COVID DISRUPT RECOVERY

Road freight volume dips at the start of this month after slowly bouncing back
in June

Jul 06, 2022 08:24 PM

CHINA’S SILK ROAD FUND STRIKES DEAL WITH INDONESIAN SOVEREIGN FUND

Framework agreement could see Beijing invest up to $3 billion in Southeast Asian
country

Jul 06, 2022 08:19 PM

GALLERY: CHINESE CITIES RESTART COVID CURBS

Cities across China are stepping up efforts to contain another flare-up of
Covid-19 infections, including the first cases of omicron BA.5.2, a highly
transmissible subvariant that was recorded in Beijing on Wednesday. Local
authorities have kicked off new rounds of mass testing, suspended dine-in
services and are enforcing various lockdown measures. The National Health
Commission reported 427 local cases for Tuesday, 141 symptomatic and 286
asymptomatic

Jul 06, 2022 07:59 PM

SHENZHEN CODIFIES LIVING WILLS, GIVING TERMINALLY ILL PATIENTS MORE RIGHTS

The new regulation will give people more autonomy over medical decisions made at
the end of their lives

Jul 06, 2022 07:51 PM

BEIJING MAKES VACCINATION MANDATORY FOR CROWDED VENUES

The city is urging residents over 60 to get a Covid shot as soon as possible

Jul 06, 2022 07:45 PM

BYD TAKES TESLA’S EV SALES CROWN — IF YOU COUNT HYBRIDS

The Shenzhen-based automaker sold 323,519 pure electric and 314,638 hybrid
passenger cars worldwide in the first half, beating its rival’s tally of just
over half a million

Jul 06, 2022 06:49 PM

BLAMING INVESTORS, GUINEA AGAIN SUSPENDS SIMANDOU IRON ORE PROJECT

While the West African country’s ruling junta blamed investors for the halt,
sources say that investors had submitted an agreed upon JV plan to the
government, but never heard back

Jul 06, 2022 06:46 PM

GALLERY: A DAY FOR SHARING SMOOCHES

International Kissing Day was established during the early 2000s to encourage
people to share kisses with loved ones and remember the simple pleasure of
kissing. For the occasion, Caixin has compiled a collection of photos of people
locking lips

Jul 06, 2022 06:40 PM

CAIXIN CHINA BIZ ROUNDUP: ONE-CHILD POLICY ERA BABY ABDUCTION ALLEGATIONS SPARK
OUTRAGE

Officials suspended after refusing to investigate 1990 incident; southern China
grapples with surging flu cases; and dwindling land sales hit local government
revenue hard

Jul 06, 2022 06:13 PM

CAIXIN-SINICA BUSINESS BRIEF: XI SWEARS IN HONG KONG’S NEW LEADER

Plus, Evergrande faces creditor petition for liquidation; Chinese cities cut
spending amid economic slowdown; and the latest development in the green energy
market

Jul 06, 2022 05:56 PM

MYANMAR PLANS TO DOUBLE RICE EXPORTS WITH FOCUS ON QUALITY

The country is trying to meet strong demand by shipping up to 4 million tons a
year by 2025

Jul 06, 2022 04:00 PM

MACAO SHUTS CASINO AS VIRUS OUTBREAK WIDENS

The closure of SJM Holdings’ Grand Lisboa is expected to last until July 11. It
comes after authorities found 13 infections linked to the gambling resort

Jul 06, 2022 03:56 PM
Read more
SSE Index
CSI 300
CSI 500
CSCX Bedrock Economy
CSCX New Economic Engine
SZSE Chinext
3355.35↓-48.68-1.43%
09:3011:30/13:0015:003325.733404.033482.32
A-Share Database >>

EDITOR’S PICK
Cover Story: Overturning of Abortion Rights Lays Bare the Polarization of
America
NEWSLETTERS
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MOST POPULAR
1 In Depth: How Chinese Factories Are Finding Their Way to Mexico 2 In Depth:
How SoftBank Wrestled Back Control of Arm China 3 Boeing Pain From U.S.-China
Trade War Seen in Airbus Buying Bonanza 4 China’s Plunging Land Sales Threaten
Local Government Coffers 5 Chinese Tech Giants Cut Back on Office Space in
Shenzhen
OPINION
Editorial

Editorial: Why the Original Intent of China’s Anti-Monopoly Law Is So Important

Caixin Insight

China Green Bulletin: Beijing Promotes Green Transportation

Read more from OPINION
BLOG
By Li Jingkui

Blog: Plight of China’s New Generation of Migrant Workers Highlights Pitfalls of
Labor Reforms

By Li Jingkui

Blog: Monogamy or Polygamy — An Economic Choice?

Read more from BLOG

IN-DEPTH
 * In Depth: Will the Bear Market End the Blockchain Funding Frenzy?
 * In Depth: China’s Relaxation of Penalties for Wildlife Breeding Raises
   Concerns
 * In Depth: To Keep Stimulus Flowing, China’s Local Governments Need a Budget
   Fix
 * In Depth: New Solar Cell Materials Could Brighten Profit Prospects — One Day
 * In Depth: Why Relocating Mainlanders See Singapore as a Safe Haven for Their
   Businesses and Property


IN FOCUS See more here

 * Gallery: Chinese Cities Restart Covid Curbs

 * Gallery: A Day for Sharing Smooches

 * Gallery: Russian Troops Seize Key Ukrainian Stronghold

 * Gallery: Shanghai’s Tourists Now Have Places to Go

 * Gallery: 26 Still Missing After Ship Sinks in Typhoon

 * Gallery: China’s F1 Star Survives Horror Crash

 * Gallery: Xi Joins Hong Kong Handover Celebrations

 * Gallery: A Pioneer in Blending Chinese and Western Styles

 * Gallery: A New Road Through the ‘Sea of Death’

 * Gallery: The Painter With an Eye for the Ordinary

 * Gallery: Dine-in Services Resume in Shanghai

 * Gallery: Donations Keep Shanghai Stylist Afloat

 * Gallery: Missiles Strike Packed Ukrainian Shopping Center

 * Gallery: More Chinese Divers Surface as World Champs

 * Gallery: More Ukrainian Homes Turned to Rubble



FINANCE
Record 274 Companies Apply for IPOs in Last Week of June
Caixin Explains: China Takes Another Step to Unshackle Interest Rates
 * Shanghai Composite Index Fell 1.43% on Wednesday
 * Henan Village Banks in Fund Freezing Scandal Replace Leadership

Chinese Mainland, Hong Kong Expand Currency Swap in Boost for Offshore Yuan
 * Shanghai Composite Index Ended Nearly Flat on Tuesday
 * Ex-Everbright Bank Executive Expelled From Party For ‘Colluding With Capital’

ECONOMY

 * China’s Silk Road Fund Strikes Deal with Indonesian Sovereign Fund

 * Caixin’s New Economy Index Gains on Labor, Capital Investment Growth

 * China’s Services Activity Gets Back to Growth, Caixin PMI Shows

 * Exclusive: China’s Largest Policy Bank to Fund Most of $45 Billion
   Infrastructure Stimulus

BUSINESS

 * Fewer Trucks on China’s Highways as Storms, Covid Disrupt Recovery

 * Blaming Investors, Guinea Again Suspends Simandou Iron Ore Project

 * Kaisa Group in Debt Restructuring With Citic Bank, Sources Say

TECH

 * Chinese Robot Startup Pudu Technology Starts Mass Job Cuts

 * Vivo Says It’s Cooperating With Indian Authorities After Raids

 * BYD Takes Tesla’s EV Sales Crown — If You Count Hybrids

 * Chinese Beauty App Meitu Warns of $52.3 Million Loss on Crypto Bets

CHINA

 * Shanghai Flare-Up Renews Fears of Spreading Outbreak

 * Shenzhen Codifies Living Wills, Giving Terminally Ill Patients More Rights

 * Beijing Makes Vaccination Mandatory for Crowded Venues

CAIXIN EXPLAINS

 * Caixin Explains: Who Controls China’s Health Code Apps

 * Four Things to Know About China’s Plan to Go ‘All-Out’ on Infrastructure

 * Caixin Explains: Why Newly Listed Chinese Stocks Fall Below Their IPO Prices

 * Five Things to Know About China’s Plans for Regular Mass Covid Testing

VIDEO
Davos Caixin Debate: China Investment and Economic Outlook
LIVE: 2022 Annual Conference on Social Impact Investment & Sustainability (SIISC
2022)
Dialogue with Prof. Esther Duflo: Good Economics for Post Pandemic Era
SMART Talks: How Can Confucian Values Respond to Climate Change?
See more here
LIFESTYLE

 * Zhang Mei: Will Inbound Travel Return to China?

 * Gallery: Shanghai’s Uniformed Workers

 * Photo Essay: The Lessons of After-School Education Reform for Three Beijing
   Families

 * Gallery: Senior Chic on Shanghai’s Streets

BOOKS & ARTS

 * Exhibitions in March: Meet Keith Haring’s Pop Art, and Learn From Chinese
   Painting Master Wu Guanzhong

 * Seven Books Recommendations From Caixin’s Chief Editor

 * Exhibitions in January: From Silk Treasures to Film Posters, 10 Exhibitions
   to Look Forward to in 2022

PROMOTION

 * Collision opens with 39% women speakers, 50% surge in startups, and 35,562
   attendees at Collision’s first in-person event in three years

 * The lying politicians and the remedies to the hot issue of saving the planet

 * Social Impact Investment in the Context of Carbon Neutrality, ESG and
   Metaverse

 * Winners 2022 China-Scotland Business Awards Announced



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