China Newsbase
Fast, easy search of the China news that matters
The China News Database was last updated at 04:05AM today.
Database searches currently perform best when a tag filter is used. We suggest trying out these tags: Xi Jinping, Russia, Taiwan, COVID-19, climate change, electric vehicles, gaming, IPOs, Belt and Road Initiative.
You may also filter by articles featured in our daily members-only Access newsletter, to get a curated overview of the top news and analysis about Chinese politics, business, and society. Select one option:
- All top news and analysis
- The China Project top news and analysis
- Top news and analysis from elsewhere — Stories in the “News briefing,” previously known as “Recommended links”
This product is in beta testing and development. If you would like to share feedback on the content or user experience, please email editors@thechinaproject.com.
137 articles matching the search query.
Editor’s note for June 1, 2023
A note for Access newsletter readers from Jeremy Goldkorn.
Can Alibaba’s six-ring circus succeed?
In its first earnings call following a restructuring prompted by regulatory pressures and investor expectations, Alibaba is signaling a shift toward financial optimization. But can it restore investor confidence and keep the government happy?
How did UnionPay become the global debit card king?
New research shows that the Chinese bank card giant is now the world’s biggest provider of debit cards, ahead of Visa and Mastercard.
Editor’s note for May 26, 2023
A note for Access newsletter readers from Jeremy Goldkorn.
Editor’s note for May 25, 2023
A note for Access newsletter readers from Jeremy Goldkorn.
Will the world trust China’s money?
Russia, Saudi Arabia, Brazil, and even France are using the Chinese currency for international deals. But there are no signs of an end to dollar dominance.
The men and policies determining China’s future
China’s biggest annual political gathering closed last month with announcements of significant restructuring and new policies. This is your go-to guide on the changes you need to know about.
Negotiating with the party-state: Q&A with veteran banker Weijian Shan
Weijian Shan is a longtime China investor based in Hong Kong. We discussed his recent book about taking control and turning around a Chinese bank.
China’s ‘Two Sessions’ ends with Xi in charge and Li in second
Xi Jinping was unanimously sworn into his third term as China’s president. Some are hoping that his second-in-command, the man in charge of leading the economy, might counterbalance some of Xi’s more extreme political tendencies.
Editor’s note for March 6, 2023
A note for Access newsletter readers from Jeremy Goldkorn.
Editor’s note for February 17, 2023
A note for Access newsletter readers from Jeremy Goldkorn.
Editor’s note for January 10, 2023
A note for Access newsletter readers from Jeremy Goldkorn.
Why were the bankers so bullish in Hong Kong?
The Western media is wrong, China’s economy is fine, and Hong Kong is still a great place to do business: that was the message from Chinese and international bankers who met in Hong Kong this week. Are they barking mad?
CIPS vs. CHIPS: China’s alternative to the U.S.-dominated financial system | Live with Lizzi Lee
Emily Jin, research assistant at the Center for New American Security, discusses China’s alternatives to the U.S.’s CHIPS and SWIFT payment systems.
Gray rhinos and risk awareness in China and the U.S. — Q&A with Michele Wucker
Why did the concept of the gray rhino — a big, obvious threat some people nonetheless ignore or neglect — so capture the imagination of Chinese officials and journalists and businesspeople? I spoke to the inventor of the concept to find out.
AI firm 4Paradigm tries for an IPO in Hong Kong, again
4Paradigm, an artificial intelligence services firm, plans its second IPO in Hong Kong in six months. It may signal an end to China’s regulatory freeze.
China Trading Apps Tank After Official Calls Them ‘Illegal’
Trading apps under fire again: Weeks after China said stock-buying platforms Futu Holdings and Tiger Brokers violated data laws, an official has accused them of “illegal financial activities,” sending their U.S.-listed shares tumbling 20-25%.
China warns unlicensed online brokerages they are breaking the law
A Chinese central banker warned that online brokerages not licensed in China are acting illegally if they serve Chinese clients via the Internet, sending New York-listed shares of Futu Holdings Ltd and UP Fintech Holding sharply lower.
Beijing Gets Green Light to Open VPN Services to Foreign Investors
Foreign investors can now skirt the Great Firewall (sorta): Per Caixin, “The municipal government of Beijing has won approval from the State Council to give foreign investors limited access to virtual private networks (VPNs).”
China Opens Stock, Commodity Derivatives to Foreign Investors
Further relaxing foreign investment rules, China allowed Goldman Sachs to take full ownership of its local investment-banking unit, and opened stock and commodity derivatives to foreign traders.
Weekend Long Read: PBOC Chief Yi Gang on How China Regulates Big Tech
Yi Gang’s guidance: Yi Gang, governor of the People’s Bank of China, previewed the government’s next moves on financial regulation and data protection in a newly translated speech from earlier this month.
Editor’s note for Friday, October 15, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Apple takes down a Koran app in China; Squid Game in the Taiwan Strait; finance apps similar to RobinHood could be next to be rectified; Moody’s and PBoC agree that Evergrande crisis is manageable.
China Awards Wholly Owned Mutual Fund License to Third Foreign Firm
Wealthy Chinese looking to get wealthier have a new investment vehicle: Neuberger Berman is now the third foreign asset manager with access to China’s mutual fund market, after Blackrock and Fidelity.
Evergrande Investors Say They’re Yet to Get USD Bond Coupon
Two holders of a China Evergrande Group dollar bond with a coupon due Wednesday said they hadn’t received payment as of 8:00 a.m. Hong Kong time Thursday.
No More Free Lunch for Evergrande NEV Staff as Coffers Run Dry
In another sign of how grim things are getting at China Evergrande Group, its electric-car unit has stopped providing free lunches and other at-work meals to research center staff and asked employees to extend their leave beyond the upcoming October Golden Week holiday, people familiar with the matter said.
What One of China’s Biggest Property Companies Can Tell Us About Debt
If you want to avoid being seen to cross any red lines, you could simply go dark.China’s authorities have introduced the “ three red lines” targets as a way of trying to encourage the country’s vast real estate sector to deleverage. Companies who don’t meet the required thresholds under the new program — such as a 70% ceiling on the ratio of liabilities to assets — will have their growth restricted.While there are many ways of minimizing the appearance of debt on one’s balance sheet — including
Goldman Cuts China’s GDP Growth Forecast Amid Energy Constraints
Goldman Sachs Group Inc. economists lowered their forecast economic growth for China this year, saying recent sharp cuts to production in a range of high-energy-intensity industries add to significant downside pressures on the outlook.
Evergrande Could Raise $600 Million Selling Life Insurance Stake
Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business.
Bank of America Cuts China’s Growth Forecasts Up to 2023
China’s economy will now grow at a slower-than-expected pace in the years through 2023 on delayed policy easing, according to economists at Bank of America Corp.
Macau Officials to Meet Gaming Industry After Stocks Roiled
Macau government officials will meet gaming industry players on Monday afternoon to consult operators on proposed revisions to casino law revision that last week sent stocks in the world’s largest gambling hub into freefall.
IMF Chief Kristalina Georgieva Denies Seeking Changes of Data at World Bank
The head of the International Monetary Fund on Friday defended her time at the World Bank for the second time in as many days, telling fund staff at a town hall that she never pressured employees to manipulate data during her tenure at the World Bank.
China Intensifies Hunt for Cryptocurrency Miners in Hiding
China’s campaign against the cryptocurrency industry is now targeting miners who tried to disguise themselves as data researchers and storage facilities to stay in business, according to people with knowledge of the situation.
Chinese County in Gansu Province to Give Cash to Couples to Have Babies
A county in western China will give cash subsidies to couples to have children, the latest push to encourage more births in a country where the population is set to decline in coming years.
Evergrande Offers Angry Retail Investors Repayment Plan
China Evergrande Group offered a plan to appease investors concerned about overdue payments for its high-yield wealth management products, according to people familiar with the matter.
Huarong Sues Jushenghua for $650 Million Outstanding Loan
China Huarong Asset Management Co. is suing Shenzhen Jushenghua Co. to accelerate a 4.2 billion yuan ($650 million) outstanding principal payment.
China Evergrande Shares Plunge 11% to Lowest Since July 2015
Shares of China Evergrande Group plunged as much as 11% to their lowest since July 2015, on continued concerns over the financial health of the indebted developer.
Evergrande Crisis Means Suppliers Get Paid in Unbuilt Properties
Suppliers of China Evergrande Group are becoming casualties of its deepening liquidity woes.
Did silver cause China’s decline? ‘Empire of Silver,’ reviewed
A new book by Jin Xu (translated by Stacy Mosher) argues that imperial China’s choice of currency curtailed its development during the Industrial Revolution, and led to collapse.
Q&A: Wei Sun Christianson on Morgan Stanley’s China business and being a female CEO in finance
In this interview, Wei Sun Christianson talks about her time at Morgan Stanley, China’s economic growth, and her advice for those who want to follow in her footsteps.
Citi in China: The financial world does not want decoupling
Citibank, one the world’s biggest financial institutions, has a new license for the lucrative custody banking sector. But will China remain open for American banks?
