The meeting, set for next Friday, will focus on the current conditions of US dollar-denominated investment firms in China and the main challenges they face, sources say

Hong Kong's Hang Seng Index jumped 2.6%, while the Nikkei rose by 1.5%, and other key markets ignored dismal trade data in China to stay in positive territory on Thursday

Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after China's central bank slapped a nearly $1 billion fine on Ant Group

Explaining its breakup with Vedanta, Foxconn said "there was recognition from both sides that the project was not moving fast enough"

Friday's $984 million fine on Ant Group, one of the largest ever for a Chinese internet company, is largely being seen as an end to Beijing’s tech crackdown

Applications for new listings in China sank by a third in the first half of 2023, because of China's economic slowdown and tighter regulatory scrutiny of companies wanting to list

Beijing has created a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology start-ups

The US treasury secretary said she also told Chinese officials they could raise concerns about US actions, and that Washington might "respond to unintended consequences" of its restrictions

The announcement came a day after the group was fined $984 million in what is likely to be the end of a years-long regulatory crackdown on the once storied Chinese company

The South Korean tech giant estimated its Q2 operating profit fell to $459 million, the lowest for any quarter since the first half of 2009

About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in a fresh round of routine checks

The rules, set to come into effect on September 1, will require Dutch companies that make advanced chipmaking equipment to seek a licence before they can export it