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SINGAPORE — For decades, Macao’s economic proposition was exceptionally simple: casinos, tourists and proximity to the Chinese mainland. Sam Hou Fai, the chief executive of Macao SAR, is trying to make it considerably more complicated. In an exclusive interview with Caixin Global during his first official visit to Sout
China’s top financial regulator has proposed a sweeping overhaul of the nation’s Insurance Law to clamp down on illicit shareholder activities and formalize procedures for unwinding failed firms. The National Financial Regulatory Administration released the draft revision for public feedback on Friday, expanding the le
China’s top securities watchdog has proposed stringent new rules for the private fund industry, significantly raising wealth and experience thresholds for investors while tightening oversight on fundraising practices. The China Securities Regulatory Commission (CSRC) published the draft rules on Friday to seek public f
Sept. 7-12: China joins Russia-hosted demining drill China’s army will take part in a live-force humanitarian demining exercise in Russia under the ASEAN Defense Ministers’ Meeting-Plus framework. The drills will cover battlefield clearance, mechanical mine removal, mine-detection dogs and disposal of improvised explos
Lululemon Athletica Inc. shares plunged nearly 20% after the apparel maker reported declining second-quarter revenue and profit, dragged down by an abrupt sales reversal in China and persistent weakness across North America. The stumble on the Chinese mainland — previously Lululemon’s primary growth engine — underscore
Hong Kong’s securities regulator raided Huatai Financial Holdings (Hong Kong) Ltd.’s office in August and questioned employees in connection with a suspected insider-trading scheme involving U.S. stock options, according to multiple sources familiar with the matter. The inquiry is likely tied to a May options-trading s
Beijing’s first residential land auction since China overhauled property financing rules showed signs of developer caution Thursday, as one site drew a bidding war while another was abruptly suspended after two of three registered bidders failed to show up. China Resources Land Ltd. paid nearly 8.3 billion yuan ($1.2 b
China’s securities regulator has proposed a major overhaul of the refinancing system, with draft rules that target a type of private placement arbitrage that has allowed select investors to buy shares at steep discounts while minority shareholders bear the dilution. The move comes amid a sharp rebound in fundraising. A
Investment in supply chains for zero-carbon industrial parks across ASEAN nations is booming as developers race to comply with tightening regional climate policies and stricter European trade requirements. The green push, which has drawn more than $8.6 billion in total investment to date, highlights emerging opportunit
As we navigate 2026, China consistently generates an annual trade surplus exceeding $1 trillion. Global importers are paying massive sums for Chinese goods and services. Historically, these payments have been settled in U.S. dollars. However, this dollar-centric payment architecture is increasingly failing both global
Chinese mining companies are putting greater emphasis on environmental, social and governance (ESG) standards even as enthusiasm wanes in Western markets, a senior executive at Zijin Mining Group Co. Ltd. said. Global ESG sentiment has diverged, with major Western markets dialing back their ESG focus while China and em
China’s biopharmaceutical job market is recovering from a funding-led downturn, with hiring for AI drug discovery, smart medical devices and overseas expansion rising sharply in the first half of 2026. Openings related to AI-driven drug discovery rose 84.0% from a year earlier, while positions tied to smart medical dev
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Humanity is now highly likely to exceed the critical 1.5-degree Celsius warming threshold, setting off a cycle in which mounting climate disasters strain public finances and divert resources from long-term clean energy investment, according to a new United Nations report. The U.N. Environment Programme on Wednesday rel
Chinese regulators are moving to stabilize the country’s battered solar sector, rolling out a series of policies aimed at curbing a bruising price war and pushing inefficient producers out of the market. The coordinated measures — including tighter energy-consumption limits and unified cost-accounting standards — are i
China’s wind power sector saw a sharp jump in procurement in July, fueled by a new wave of state-backed mega-projects and the rollout of an ambitious new five-year renewable energy plan. China’s wind power capacity index rose to 140 in July, according to Caixin Data. Public bidding records showed 55 new wind-turbine pr
For seven days, Song Xiao faced a decision that would shape the rest of her life. Ranked around 900th in Sichuan Province’s 2026 college-entrance examination, Song had a score high enough to enter Sichuan University’s experimental humanities program. Yet during the brief application window, she found herself caught in
Asia-Pacific collectors are pouring money into Christie’s Inc.’s high-end auctions, with spending on $10 million-plus lots surging eightfold year-on-year in the first half of 2026, as AI-fueled wealth and rich young family heirs reshape the luxury collecting scene, said the head of the auction house’s regional operatio
A growing domestic appetite for AI computing power is delivering a revenue windfall for China’s four leading graphics processing unit (GPU) developers, even as obstacles litter their path to sustained profitability. In the first half of 2026, MetaX Integrated Circuits (Shanghai) Co. Ltd. (688802.SH), Shanghai Iluvatar
Singapore is stepping up efforts to adapt to climate change as extreme weather poses growing risks to businesses and communities. The government has designated 2026 as its Year of Climate Adaptation and will release the country's first climate adaptation plan next year, Senior Minister of State for Education and Sustai