Business News
Latest business news and updates
Total: 2031
China’s Dormant Trillions: Why the Housing Provident Fund is Struggling to Wake Up
China's Housing Provident Fund is grappling with over 6 trillion RMB in unutilized capital across 33 major cities as a cooling property market discourages withdrawals. To address this, the government is launching reforms to include gig workers and expand usage scenarios to prevent these funds from remaining 'sleeping' assets.
Cracks in the Pedestal: Dong Yuhui and the Identity Crisis of Chinese Livestreaming
Dong Yuhui's livestreaming venture is facing a major trust crisis following a series of product scandals, most notably the promotion of a fake Australian supplement brand. The controversy underscores a broader shift in Chinese e-commerce, where the 'trust dividend' of top influencers is fading as consumers return to more rational, utility-driven purchasing habits.
The Deflation of China’s ‘Beauty Premium’: Imeik and the Cooling of the Aesthetic Economy
Imeik Technology, once a titan of China's medical aesthetics market, has seen its valuation collapse by 80% amid its first-ever decline in both revenue and profit. The company's struggles highlight a broader transition in Chinese consumption as 'involution' and price sensitivity replace the high-margin growth of the previous decade.
The Bitter Aftertaste of 'Win Another Bottle': Master Kong’s Channel Crisis and the Return of the Wei Dynasty
Master Kong's iconic 'Win Another Bottle' promotion has sparked consumer backlash due to widespread redemption failures, highlighting a breakdown in the company's distributor network. As revenue declines for the first time in nearly a decade, the founding Wei family has resumed direct control to navigate shifting market tastes and structural inefficiency.
Bitter Aftertaste: The Fall of China’s Braised Snack King
Juewei Food, China’s largest braised snack chain, has plunged into its first annual loss following a 342 million RMB tax penalty for underreporting revenue. The company is facing a simultaneous crisis of mass store closures, failed external investments, and a 'Special Treatment' stock designation that signals severe regulatory risk.
China’s EV Juggernaut Shifts Gears: Exports Hit Record Milestone as Domestic Market Cools
China's NEV exports reached a record 50.2% share of total auto exports in March 2026, while domestic penetration hit 51.5%. Despite a decline in overall retail volume and pressure on legacy luxury brands like Porsche, the surge in Global South exports is emerging as the industry's new growth engine.
The Volatility Nexus: Why Bitcoin and Crude are Surging Amid Rising Geopolitical Friction
A simultaneous surge in Bitcoin and crude oil prices has triggered massive market liquidations and heightened inflation fears. With U.S. energy costs rising at historic rates and tensions in the Middle East escalating, investors are bracing for a prolonged period of high interest rates and geopolitical instability.
The Reckoning of RoyalFlush: Beijing’s Regulatory Hammer Falls on Digital Fund Giants
Chinese regulators have ordered Hithink RoyalFlush Fund Sales to rectify major compliance failures, including a lack of operational independence from its parent company and the use of unlicensed personnel. This enforcement action highlights the government's tightening grip on third-party fund distributors and the push for greater investor protection in the wealth management sector.
Manufacturing Success, Financial Folly: The Paradox of Guangdong Eastone’s Industrial Boom
Guangdong Eastone Century saw its 2025 net profits drop 26.54% to 275 million RMB, despite record revenue and a doubling of core manufacturing profits. The decline was driven by over 600 million RMB in losses from stock market investments, paired with rising debt levels and high shareholder equity pledges.
China’s Regulatory Iron Fist: The CSRC’s New Crusade Against Corporate Malfeasance
The China Securities Regulatory Commission (CSRC) has launched an intensive campaign to reform corporate governance, targeting financial fraud through executive pay clawbacks and strengthened independent oversight. This move aims to align Chinese market practices with international standards and ensure long-term stability in the capital markets.
Hong Kong’s Crypto Pivot: Markets Rise as City Unveils First Stablecoin Licenses
Hong Kong markets rallied on Friday, led by a surge in brokerage and tech stocks following the announcement of the city's first stablecoin licenses. The move reinforces Hong Kong’s strategic ambition to establish itself as a regulated global hub for digital assets and Web3 technology.
Regulatory Reckoning: China Slaps Rectification Order on Hangzhou Fintech Advisor
The Zhejiang Securities Regulatory Bureau has ordered Hangzhou Dingdian Finance to undergo mandatory rectification following a probe that revealed unlicensed advisory activity, misleading performance claims, and KYC failures. This enforcement action underscores China's commitment to tightening oversight on digital investment consultants and protecting retail investors from predatory marketing.