This is an idea first mentioned by Mao, which President Xi hopes can be achieved by narrowing the huge wealth gap that threatens the country's economic ascent and Communist Party rule

Global Times says the US move to try to block a Chinese takeover is a 'dangerous' precedent that could affect decisions on other mergers and acquisitions

Chinese officials have been tightening scrutiny on the fintech sector, while ByteDance has focused on e-commerce and gaming as its new sources of growth

Officials on Hainan Island are considering setting up an international carbon emissions trading exchange to connect China's national trading scheme with the global market

Company is rushing to raise funds to pay its many lenders and suppliers, while regulators and financial markets fear the crisis could swamp China's banking system

Ant and state firms in Zhejiang province plan to set up a credit-scoring firm to handle the group's data on over 1 billion consumers. The new venture could help revive Ant's suspended IPO

Didi Global will help set up a union for its staff, sources have revealed. This would be a groundbreaking move, as there are few unions in China's tech sector

Demand in the country's biggest cities has cooled following a range of restrictions to stabilise prices and reduce property developers' huge debts, a private-sector survey has found

Singapore Exchange's regulatory arm is considering easing a minimum S$300 million ($223.2 million) market value requirement for SPACs and another that warrants cannot be detached from underlying shares, said two sources

Hugely indebted property developer warns of liquidity and default risks if it fails to resume construction, dispose of more assets and renew loans

The People's Daily said in an article on Monday authorities had to be "ruthless" as online games were "destroying" teenagers, disrupting their study and physical and mental well-being

Chinese authorities have ordered an American Chamber of Commerce in the southwestern city of Chengdu to cease operations, saying there should only be one chamber in the country