财新国际

Introducing Finance Movers and Shakers.   Stay updated with the latest biweekly newsletter, covering significant personnel changes and corruption scandals in China’s finance sector.   Click to learn more: https://lnkd.in/gP-FieYj #finance #moversandshakers

Ever wondered what makes a city’s soul? In Quanzhou, food is more than just sustenance — it’s a way of life. This millennium-old city pulses with the essence of life through its rich culinary traditions, where eating is a celebration of history, community and craftsmanship. Each dish reflects generations of dedication, creating a deep connection between past and present. Quanzhou isn’t just a place; it’s a feast for the soul, where every bite tells a story, and food lovers truly win in life.

Welcome to the China Auto Roundup — your weekly briefing on the biggest headlines in China's automotive industry. This week's top stories include: - Smart driving startup Horizon Robotics cleared for Hong Kong IPO - CATL opens experience store to raise its profile among automakers - Huawei unveils first luxury sedan under partnership with BAIC #auto #EV #smartdriving #CATL #huawei

Nasdaq-listed #PDD is a Chinese household name. Founded in 2015, it has achieved success by capitalizing on group-buying culture and gamifying its app, rising to pinch the crown of most valuable #ecommerce firm from #Alibaba late last year.   But critics say PDD’s bare-knuckle pricing strategies, combined with the controversial penalty system, are inflicting pain on merchants and upending the entire industry.

August 15 2024   - A former provincial governor gets a suspended death sentence for bribery - Foxconn is recruiting extra workers and offering higher wages at its Zhengzhou facility

The Shanghai Containerized Freight Index, which reflects changes in spot freight rates from the port city to major global export destinations, was up more than 210% from a year ago. At home, however, the situation is the opposite. The Xinhua·Panasia China Domestic Container Freight Index, which tracks freight rate changes in the domestic container shipping market, tumbled to a four-year low. Click the link in the comments to read more. #export #shipping #freight

China has appointed an official of the country’s top securities watchdog as president of the Shenzhen Stock Exchange, setting off a personnel reshuffle at the China Securities Regulatory Commission. #moversandshakers #finance #securities

August 14 2024   - Chinese exporters snap up yuan in anticipation of further appreciation -  A securities watchdog official is named head of the Shenzhen Stock Exchange - Macao plans to criminalize offering currency exchange services to gamblers

Chinese #EV maker #Zeekr is preparing to roll out its high-end vehicles in #Japan next year, including a model that sells for over $60,000 in China. Private-sector Zeekr formed in 2021 under the umbrella of China’s #Geely. The company began expanding abroad in 2023, starting with #Europe.

China experienced record-high  $14.8 billion net foreign direct investment #FDI withdrawals in the second quarter, according to preliminary official data. This marks the second net FDI outflow in available SAFE data dating back to 1998. Click the link in the comments to read more.