Today

China central bank rebukes Evergrande, says ‘poor management’ led to crisis

China’s central bank has said Evergrande Group failed to act judiciously in the face of changing market conditions, but stressed the nation’s property sector is healthy overall. Read more on scmp.com


Hong Kong stocks gain in week as Geely, BYD, shine on robust EV sales

Local stocks are headed for another winning week as Geely Auto and BYD lead carmakers higher on robust EV sales. They overshadow concerns about China’s economic slowdown. Read more on scmp.com


EXCLUSIVE China looks to lock in U.S. LNG as energy crunch raises concerns- sources

Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several sources said. Read more on reuters.com


Microsoft shuttering LinkedIn in China as rules tighten

Microsoft on Thursday said it will shut down career-oriented social network LinkedIn in China, citing a “challenging operating environment” as Beijing tightens its control over tech fir… Read more on hongkongfp.com


‘Ghost towns’: Evergrande crisis shines a light on China’s millions of empty homes

Evergrande’s troubles are part of a much bigger problem. Here’s a look at how it first originated. Read more on edition.cnn.com


Opinion | China and the U.S. Sabotage Their Own Tech Companies

Xi Jinping and Joe Biden wage their version of Maoist rectification drives against successful firms. Read more on wsj.com


Global chip shortage may persist for at least 2 more years, says China’s Hisense

President of Hisense, Jia Shao Qian, one of China’s largest TV and household goods makers, says the chip shortage can be resolved in 2 to 3 years if there are “no big issues” with global trade disputes. But if economic and trade sanctions persist, it will be hard to estimate when the crunch will end. Read more on cnbc.com


EXCLUSIVE China looks to lock in U.S. LNG as energy crunch raises concerns- sources

Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several sources said. Read more on reuters.com



Yesterday

Corporate Misconduct: Minority Shareholders of Renren Win $300 Million Settlement – Vision Times

U.S. investors who own a minority stake in Chinese company Renren are poised to receive 300 million dollars in settlements to resolve claims against the firm’s controlling shareholders and other defendants. Read more on visiontimes.com


Chinese Developers Glum as Evergrande Crisis Could Burst Housing Bubble

Troubles in China’s property sector are beginning to surface after more developers joined Evergrande’s debacle and are also struggling to pay their debts. Read more on theepochtimes.com


Why billionaire Evergrande boss forced to sell $39m Sydney mansion

Xu Jiayin was at the centre of a political storm in Australia in March 2015 after it emerged China’s 15th richest man had failed to seek permission to buy Villa del Mare in Point Piper. Read more on dailymail.co.uk


China stocks swing amid looming stagflation as producer inflation soars

Producer prices jumped 10.7 per cent year on year in September, the fastest pace since November 1995, National Bureau of Statistics data showed. Read more on scmp.com


China Launches Anti-Graft Campaign in Finance Sector Amid Economic Woes

As China’s economy grapples with debt-saddled Evergrande and a worsening power crisis, the Chinese Communist Party (CCP) is tightening its anti-corruption efforts against state-owned banking and insurance institutions. Read more on theepochtimes.com


Algorithms vs. Regulators Battle Royale Kicks Off in China

China is regulating algorithms. How that experiment goes could help Western regulators understand what to embrace—and what to avoid. Read more on wsj.com


LVMH Sends Mixed Signals on Chinese Luxury Spending

Strong third-quarter sales from the luxury-goods company were reassuring, but gave a muddy picture of what is happening in China since Beijing’s crackdown on the superrich. Read more on wsj.com