The Caixin-Sinica Business Brief, episode 11
This week, we hear how Ford — and possibly Tesla — plan on building production factories in China. We cover the news that China’s banking regulator has asked lenders to assess their risk exposures to companies active in overseas acquisitions. We examine how financial regulators have barred online microlending services from targeting students, after several high-profile cases exposed young borrowers falling prey to loan sharks charging high interest rates. We talk to Caixin reporter Liu Xiao about government efforts to take some of the air out of the property bubbles and what that means for loan accessibility for developers. We also chat with Caixin Global finance reporter, Leng Cheng, about China’s A-Shares entering the MSCI stock market Indices. In addition, we bring you three complete stories:
- How Wang Shi, one of the popular and widely-admired “philosopher capitalists” of China’s reform era, is stepping down from his position as chairman of Vanke.
- How Tencent and Wanda are teaming up to bring China’s wildly popular online literature to the big screen.
- The banning of three major platforms, including Sina Weibo, from video and audio streaming as part of a major crackdown on content by Chinese authorities.
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