Caixin

Caixin Media (simplified Chinese: 财新传媒; traditional Chinese: 財新傳媒; pinyin: Cáixīn Chuánméi; lit. 'New Fortune', pronounced t'sigh-sheen) is a Chinese media group based in Beijing known for business and investigative journalism.

The founder and publisher is Hu Shuli, a former Knight Fellow in journalism at Stanford University, and an honorary doctorate degree recipient from Princeton University. Previously, Hu founded Caijing magazine. Yang Daming acts as deputy publisher, and Wang Shuo is editor-in-chief. The business side is headed by Zhang Lihui as president.

The headquarters is in the Sanlitun SOHO (三里屯SOHO) in Chaoyang District, Beijing. There are also offices in Xuhui District, Shanghai and Quarry Bay, Hong Kong.

Caixin Media was established in January 2010, created subsequently to the departure of Hu Shuli and the majority of the editors and reporters at Caijing Magazine in November 2009. The original staff of Caixin Media is composed entirely of employees from Caijing.

Caijing is a financial news magazine. It was founded by Hu Shuli in 1998 and was managed by the Stock Exchange Executive Council (SEEC) whose chairman is Wang Boming, The magazine largely depends on the political protection by SEEC, its well-connected backer.

In November 2009, Hu Shuli resigned from Caijing along with a large portion of Caijing's journalists after weeks of conflicts with Caijing's controller over issues including "its coverage of sensitive current affairs stories". The magazine was known for its investigative reporting and in-depth business articles; but its backer, according to departing employees, wanted it "to move away from investigative journalism towards straight coverage of business, in the mode of Fortune". The pressure to focus on finance had mounted substantially since the explosion of ethnic violence in Xinjiang in July 2009; reporters at Caijing received orders from SEEC to remove sensitive stories. Besides that, there were also disputes over wages. Jeremy Goldkorn called Hu's departure from Caijing "a big loss for SEEC".

Caixin launched a simple English-language news site called "Caixin Online" in 2010, translating a small number of its Chinese stories each day for foreign readers. In 2016, it greatly expanded that presence with the establishment of a separate company called Caixin Global, with Hu Shuli as CEO and Li Xin as managing director. It included a new English language news app, a new English language website (www.caixinglobal.com) upgraded from Caixin Online, and a range of customized business intelligence services under the banner of Caixin Global Intelligence.

The Caixin China PMI is an economic index compiled and published monthly by IHS Markit; it is often cited by market watchers and media. Caixin Media took over sponsorship of Markit's China PMI from HSBC in 2015, and the research team of Caixin Insight provides analysis for the index.