Chinese Business Press, in English
248 briefs
Shanghai Court Sets Precedent with Dual Conviction for Financial 'Proxy Rights Defense' Extortion
A landmark Shanghai ruling convicts an ex-advisor of extortion and personal data theft, closing a gap that until now all...
DeepSeek Plans Price Hike as OpenAI Cuts GPT-5.6 Luna Costs and Goes Free for Millions
Developer favorite DeepSeek warns of a “significant” API price increase, just days after OpenAI slashed GPT-5.6 Luna pri...
Zhong Ou Fund Marks 20 Years With ‘Super Factory’ Model, Flags Debt-Deleveraging Timeline and Tech Reset
The Shanghai-based manager unveiled a specialised, industrialised and digitalised investment framework, reporting nearly...
Haikou Whistleblower Exposes Dangerous Cargo Misdeclaration Racket, Port Safety Probe Launched
A Haikou port official reveals multiple containers of misdeclared hazardous chemicals and batteries, alleging police ina...
A Decade of the Y-20: How China's Strategic Airlifter Transformed the PLA Air Force
From its 2016 commissioning to the 2026 debut of a domestic-engine variant on an overseas mission, the Y-20 transport fa...
Hong Kong Residential Roundup: Strong Summer Rentals, Mixed Sales as Deals Shine in Sha Tin, Tai Po and More
A flurry of Hong Kong residential transactions shows robust rental demand pushing rents to new highs in some estates, wh...
U.S. Jobs Shock Jolts Markets: Dollar Tumbles, Gold Soars Past $4,300; Trump Stokes Fed Debate
July non-farm payrolls unexpectedly fell by 23,000, sending the greenback to its weakest in weeks and gold to a fresh re...
Hong Kong Home Prices Halt Three-Week Slide as New Territories East Jumps; Rents Grind Higher
A weekly property index edged up 0.66%, with divergent new project sales reshaping secondary demand across districts. Me...
China’s Services Trade Grows 8.3% in H1 2026, with Travel and IP Exports Surging
China’s services imports and exports hit nearly 3.78 trillion yuan in the first half of 2026. Travel services exports ju...
Smart Manufacturing Fuels China's Machinery Sector to 6.4% Growth in H1
China's machinery industry value added rose 6.4% in H1 2026, outpacing the broader industrial sector, with intelligent e...
Shenzhen Set to Host APEC as China Builds on Decade of Mega‑Summits
Ahead of the November APEC gathering in Shenzhen, Beijing is spotlighting a run of diplomatic mega‑events that have show...
China's Big Five Banks Return to 5-Year Large-Denomination CDs—But Savers Have Moved On
All five state-owned banks have resumed 5-year large-denomination CD offerings at yields as low as 1.60%, but deposit ch...
Five-Year Bank CDs at 1.60%: How Fixed-Income WMPs Are Offering Savers a Better Deal
State banks' five-year large CDs are back at 1.60% with limited online quotas. Fresh data shows over 90% of comparable R...
Gold Soars Past $4,300 as UBS Sees ‘Buy-on-Dips’ Case, BCA Flags More Records
Gold surged 6% this week to break above $4,250, reversing a 30% correction from January’s peak. UBS says falling real yi...
CSRC Fines Zhonghui Accounting 8.49 Million Yuan Over Jiangsu Wuzhong Audit Failures
China’s securities watchdog has fined Zhonghui Accounting and two signing auditors after finding they failed to exercise...
CSRC Slams Auditor Zhongxingcai Guanghua With Fine for Jiangsu Wuzhong Audit Failures
China's securities regulator has fined accounting firm Zhongxingcai Guanghua and two signing CPAs for failing to detect ...
CSRC Fines Jihua Group ¥7 Million for Massive Accounting Fraud
Jihua Group inflated revenues by billions of yuan and hid a 60% profit decline over 2018–2021; the CSRC fined the state-...
China’s 2030 Power System Roadmap Targets 50% Renewables, Grid Overhaul
China unveiled a five-year blueprint to build a power system where renewables generate half of electricity, with massive...
DeepSeek Flags ‘Significant’ API Price Hike, Ending Era of Dirt-Cheap AI Access
Chinese AI startup DeepSeek warns of a ‘significant’ API price increase after disrupting the market with cheap models, a...
Tianfeng Securities Hit With Maximum Fine for $1.3bn Illegal Fund Transfer to Bankrupt Parent
China’s securities regulator fined Tianfeng Securities for channeling over 9.3 billion yuan to its former controlling sh...
China’s Top Court Sets Out Leniency Rules for Past Pollution Under New Environmental Code
The Supreme People’s Court issued its first interpretation on the Ecological Environment Code’s temporal effect, allowin...
Oil Majors Post Record H1 Profits as European Giants Abandon Green Pivot for Capital Discipline
Saudi Aramco, ExxonMobil, and Chevron led a windfall half, while Shell's $16.4bn ARC acquisition and BP's planned solar ...
PLA Navy Training Task Group Wraps Indonesia Visit, Drills with Local Fleet
The Chinese naval formation, including training ship Qijiguang and amphibious dock landing ship Kunlunshan, departed Sur...
Kai Tak's Pavilion Forest II Raises Prices Up to 9.12% in New Price List, 10 Units for Sale Sunday
New World Development and Far East Consortium launch a fourth price list for their completed Kai Tak project at an avera...
Hong Kong's HSBC Downgrades Valuations on Over Half of Major Estates; Kingswood Villas Leads Decline
HSBC cut valuations on Kingswood Villas large and medium units by over 3%, while Belcher's and Whampoa Garden bucked the...
China's Life Insurers Post 70% Profit Jump as Participating Policies Eclipse Traditional Guarantees
A regulatory-driven shift to dividend-paying products combined with a stock market rally propelled A-share insurers' net...
Gold Surges 4.16% in a Single Day as Shanghai Futures Break Past 926 Yuan
London spot gold jumps most in six months, Shanghai gold tops 926 yuan/gram, and jewelry prices rebound sharply, though ...
China's H1 2026 Trade Boom: AI Chips and Precious Metals Mask Strong Organic Growth
China’s imports and exports surged 21.2% in the first half of 2026, with most of the gain from soaring prices for AI har...
SanDisk's Guidance Miss Erases Gains, Sends Storage Chip Stocks Tumbling in After-Hours Trade
SanDisk's fiscal Q4 revenue soared 372% on booming AI server demand, but a weaker-than-expected revenue forecast for Q1 ...
China’s Securities Regulator Demands Overhaul of $85 Trillion Fund Industry, Targeting Investor Returns and Innovation
CSRC Chairman outlines new priorities for public and private funds, emphasizing compliance, client-first reform, patient...
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