"No other bankers in the US provide the level of services SVB used to offer," said an executive at a major Chinese investment bank, which has deposits at Silicon Valley Bank

Investors hope premier Li Qiang's close ties with president Xi Jinping will enable him to push for more business-friendly policies

The island's defence ministry said China was increasingly "adopting an actual war approach and shifting from training to combat preparation"

Several Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed their exposure to Silicon Valley Bank over the weekend

At least one WeChat group with several hundred members has been formed by anxious Chinese clients of SVB seeking to safeguard their interest

Yi Gang's re-appointment "shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," experts say

Commerce Secretary Gina Raimondo said India could key become a key electronics supplier to the US, while adding that Washington was not seeking a "technological decoupling" from China

The development follows the Dutch government’s announcement that it would restrict exports of critical chipmaking technology to protect national security

For Chinese customers, the restrictions would mean “that their ability to pursue leading-edge nodes development will be significantly curtailed," Citi analyst Amit Harchandani said

Artificial intelligence firms targeted by the US are reportedly using third parties to get around chip export controls

The Netherlands considers it necessary on national security grounds to get this technology into oversight with the greatest of speed, the Dutch trade minister said

TikTok hit back saying any “US ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide”