Denise Jia

2 days ago | caixinglobal.com | Zhu Liangtao |Ding Feng |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Citigroup is to slash 3,500 technology jobs in China, a sweeping move that has drawn renewed attention to the retreat of foreign financial institutions from the world’s second-largest economy. In a statement released Thursday, the American investment bank said it would streamline its global technology solutions centers in Shanghai and Dalian, cutting staff before the fourth quarter of 2025.

3 days ago | caixinglobal.com | Wang Xiaoqing |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China Everbright Ltd.’s stock surged after renewed enthusiasm for stablecoins, as investors reacted to the rising valuation of Circle’s initial public offering (IPO) and policy tailwinds in both the United States and Hong Kong — 10 years after Everbright’s early bet on the USDC issuer.

6 days ago | caixinglobal.com | Ding Feng |Zhang Yuzhe |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x In the spring of 2019, a quiet but historic event shook China’s banking sector: Baoshang Bank collapsed. It was the first true bank failure in the country since the founding of the People’s Republic, and the first real test of a deposit insurance system created four years earlier. That test would define the future of financial risk management in China.

1 week ago | caixinglobal.com | Wen Simin |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x The world’s first intergovernmental organization dedicated solely to resolving international disputes through mediation — the International Mediation Institute (IMI) — was officially established on Friday in Hong Kong, which will be its home. The signing ceremony drew representatives from 32 founding member countries, more than 50 additional nations and around 20 international organizations.

1 week ago | caixinglobal.com | Bao Zhiming |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Shipping rates on China-U.S. routes are skyrocketing at record-breaking speeds as exporters scramble for space and global freight markets buckle under the pressure of a post-tariff export boom. “Rates are changing by the day,” said one freight forwarder in Shanghai. “We expected an increase, but not this fast.