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Before his detention, Zheng Feng presented himself as a wonder of the ages, a man who could command the clouds and rain, make the sun shine, and instantly teach the uninitiated the arts of dance, swordplay and music. He claimed to heal the body, clear core energy channels in a flash, and grant his followers eternal youth and health. Zheng was, some of his disciples recalled him saying, the brother of the mythical Jade Emperor and son of a primeval deity, a celestial being who had once mended the sky itself. ... Read more...

China's top financial watchdog has eased capital requirements for insurance companies' long-term stock holdings, marking another step in the government's effort to channel institutional funds into the nation's equity markets. The National Administration of Financial Regulation on Friday said it had reduced risk factors used to calculate required capital buffers for certain stock investments and export credit insurance. The regulator said the move was aimed at encouraging insurers to deploy more “patient capital” in support of the real economy. The adjustment is part of a years-long campaign by Beijing to steer long-term institutional capital — particularly insurance funds — into the financial markets to stabilize volatility. By lowering the risk weighting of qualifying investments, the change effectively reduces the amount of capital insurers must set aside, freeing up more funds for equity investment. Under the new rules, the risk factor for stocks in the capitalization-weighted CSI 300 Inde...

China's securities regulator has proposed sweeping rules aimed at overhauling oversight of the country's listed companies, with a focus on tightening corporate governance, improving information disclosure and enhancing investor protection. The China Securities Regulatory Commission (CSRC) on Friday published a 74-article draft regulation titled Regulations on the Supervision and Administration of Listed Companies for public comment, with submissions accepted through Jan. 5, 2026. The draft marks Beijing's most comprehensive push in years to clean up its capital markets and raise the overall quality of listed firms. Despite the rapid growth of China's equity markets — with 5,444 companies listed on the A-share market as of the end of October 2025 — persistent concerns remain over poor governance, misleading disclosures and misconduct by executives and major shareholders. The proposed rules seek to restore investor confidence by raising standards for how public companies operate — from executive p...

A coalition of top Chinese state-owned enterprises and academic institutions has launched a campaign to promote dimethyl ether (DME) as a next-generation marine fuel, positioning it as a cleaner and safer alternative to more established options like methanol and ammonia. The initiative, announced at the 2025 Marintec China exhibition in Shanghai, aims to jointly develop DME-related technologies, including fuel production, engine systems, refueling infrastructure and safety standards. The alliance brings together China COSCO Shipping Corp. Ltd., China State Shipbuilding Corp. Ltd., Shanghai International Port (Group) Co. Ltd., China National Agricultural Development Group Co. Ltd., and the China Classification Society. Additional members include the Shanghai Petrochemical Research Institute under China Petroleum and Chemical Corp. (Sinopec), and Shanghai Jiao Tong University. The effort comes amid mounting urgency in the global shipping industry to cut emissions. Although the International Maritime Organiz...

Hong Kong's sovereign investment fund reported its first annual profit and disclosed detailed operations in a newly released financial statement, positioning itself as a key player in the city's economic strategy.Hong Kong Investment Corp. Ltd. (HKIC), a government-owned investment vehicle modeled on sovereign wealth funds, posted an operating profit of HK$2.25 billion ($289 million) for 2024, according to its inaugural annual report released on Thursday.The fund reported HK$2.345 billion in investment income for the year, offset by HK$93 million in operating expenses. As of Dec. 31, 2024, HKIC's total assets stood at HK$64.01 billion.Established in 2022 with HK$62 billion in seed capital from the Hong Kong government, the fund had deployed less than 20% of its capital — nearly HK$12.4 billion — by the end of 2024, chief executive Clara Chan said in the report.HKIC is part of the city's broader economic strategy to deploy “patient capital” — long-term funding aimed at boosting Hong Kong's c...

French first lady Brigitte Macron visited a panda breeding base in Chengdu on Friday, meeting a giant panda born in France for whom she is the godmother. Her visit, part of a state trip to China with President Emmanuel Macron, came a day after the two countries signed a letter of intent to extend their giant panda conservation cooperation for another decade. Under the new 10-year deal, a new pair of pandas will be sent to France's Beauval Zoo in 2027. The agreement reaffirms the role of “panda diplomacy” in Sino-French relations, a longstanding practice where China loans the bears to foster goodwill. The renewal signals continued cooperation despite the recent return to China of an older panda couple from the same French zoo due to health concerns. On Friday, Macron met with Yuan Meng, the first panda born in France in 2017, at the Chengdu Research Base of Giant Panda Breeding, according to local newspaper Sichuan Daily. In July 2023, she also attended his farewell ceremony when he returned to China....

Chinese sellers on Amazon.com Inc. posted strong gains in the first 10 months of 2025, with sales up more than 15% in the U.S. and Europe and over 30% in emerging markets, as the e-commerce giant ramps up efforts to broaden their global footprint.“In today's environment, a global footprint is no longer an option, but a must,” said Dai Jingfei, a global vice president at Amazon, at the company's global selling summit in Hangzhou.Vice president Eric Broussard said expanding globally is critical for e-commerce sellers to capitalize on economies of scale and reduce their dependence on any single market.The push comes as Chinese cross-border merchants face increasing uncertainty from shifting U.S. trade policy. The Trump administration  has adjusted tariff rules, including scrapping the de minimis exemption that allowed low-value packages to enter the country tax-free. With concerns about further policy changes looming, many Chinese sellers are pivoting to multiple markets to hedge risk.Amazon is encour...

Chinese Vice Premier He Lifeng, Beijing's top official overseeing economic and trade negotiations with Washington, held a video call on Friday evening with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer. The two sides conducted an “in-depth and constructive” discussion focused on implementing the consensus reached by Presidents Xi Jinping and Donald Trump during their recent summit in Busan and a subsequent phone call on Nov. 24, China's official Xinhua News Agency reported. The conversation reflects continued efforts by the world's two largest economies to stabilize an increasingly complex bilateral relationship. With tensions simmering on multiple fronts, the emphasis was on pursuing pragmatic cooperation and managing economic differences. Both sides acknowledged progress made since earlier economic and trade meetings in Kuala Lumpur and expressed satisfaction with the outcomes. Officials pledged to continue leveraging the China-U.S. economic and trade consulta...

Huawei Technologies Co. Ltd. founder Ren Zhengfei has predicted a coming era of surplus processing capacity, challenging global fears of semiconductor scarcity and emphasizing that artificial intelligence (AI) should be valued more for its real-world applications than for theoretical breakthroughs. ... Read more...

Dec. 8: Germany's foreign minister to visit ChinaGerman Foreign Minister Johann Wadephul will travel to China on Dec. 8 for a two-day visit, following the abrupt cancellation of a planned trip in October. The visit is expected to lay the groundwork for German Chancellor Olaf Scholz's first official trip to China since taking office.Dec. 9: China to host global economic dialogueChinese Premier Li Qiang will hold a “1+10” dialogue in Beijing with heads of major international economic organizations, including the International Monetary Fund, the World Bank and the World Trade Organization. The discussion will focus on global governance and development.Dec. 9–10: U.S. Federal Reserve to convene policy meetingThe U.S. Federal Reserve will meet to review its monetary policy in the wake of recent government data gaps due to a temporary shutdown. Market indicators currently suggest an 85% probability of a 25-basis-point interest rate cut, according to CME FedWatch.Dec. 9: Czech president to reappoint Andr...

Shares of Chinese noodle restaurant operator Xiao Noodles fell sharply on their Hong Kong trading debut Friday, tumbling nearly 28% from their initial public offering price despite strong investor demand. The stock closed at HK$5.08 ($0.65), down from its offer price of HK$7.04, after opening at HK$5. The slump came even as the IPO was oversubscribed 426 times by retail investors and five times by institutional buyers. CMB International Capital Corp. Ltd., the sole sponsor of the IPO, helped the company raise net proceeds of approximately HK$617 million. Six cornerstone investors, including Hillhouse-backed HHLR Advisors Ltd., Hong Kong Shengying Investment Ltd., Zeta Fund and Hai Di Lao Holdings Pte. Ltd., contributed about $22 million for a combined 3.4% stake. The weak debut puts a dent in Xiao Noodles' ambitious expansion plans and raises concerns about its ability to sustain growth. Investors appear cautious following a decline in same-store sales, even as the company has turned profitable and purs...

China's BYD Co. Ltd. (002594.SZ) is dismantling a massive digital payment system used to settle obligations to suppliers, marking a major shift in the country's trillion-yuan shadow receivables market following a sweeping regulatory crackdown, Caixin has learned. ... Read more...

ned Sinopec Group control over the national jet fuel supply, a move industry executives warn could risk slowing the country's push to decarbonize air travel. ... Read more...

Alibaba Group Holding Ltd. officially retired 16-year-old food delivery brand Ele.me on Friday, completing the platform's absorption into the e-commerce giant's instant retail unit.... Read more...

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Influenza cases across the Chinese mainland have surged to their highest seasonal levels since 2022, with almost half of all tests returning positive in late November as health officials warn the national outbreak will likely peak within weeks.... Read more...

Chinese President Xi Jinping met with French President Emmanuel Macron in the southwestern city of Chengdu on Friday, reciprocating the personal hospitality shown during his own visit to France last year. ... Read more...

One of China's “Big Five” state-owned lenders has brought in Tang Shuo from peer Bank of Communications (BoCom), appointing the 47-year-old to its Communist Party committee, in a move that positions him to become the youngest vice president among the “Big Five.” ... Read more...

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China has launched a pilot program in 39 cities designed to integrate human resource services with the manufacturing sector, aiming to resolve a chronic labor mismatch threatening the country's industrial ambitions. ... Read more...