Guotai Junan bids for Shanghai rival Haitong Securities, after Beijing called for mergers in a sector with over 140 local and foreign players. It wants about 10 leading institutions in coming years.
In a 65-page indictment, US prosecutors say Chinese government representatives have allegedly given millions of dollars in kickbacks and gifts to Linda Sun and her husband
"I think to make the case that this is about national security is getting harder and harder" said Christophe Fouquet
China's consumer confidence index slipped to 86 in July, just above the level in late 2022 during the Covid pandemic, while the employment index hit a record low
Researchers found a disturbing drop in quality, which they called "model collapse," when they set out to test AI tools on material already generated by AI models
Looming jobs figures from the US saw another subdued day of trading with currency moves and China stimulus the main focus
The demand comes amid Beijing’s ongoing campaign to discourage extravagant lifestyles among the financial elite
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.