The planned acquisition follows the Chinese financial technology group’s purchase of Singapore-based payments firm 2C2P

A Beijing court said on Friday the wealth manager had applied for bankruptcy on the grounds it could not pay its due debts and its assets were insufficient to pay all its debts

Financial officials in Beijing have been urging money managers to prioritise the launch of equity funds in a bid to support the country's flat equity markets

The kingdom’s entry comes amid tensions between the US and China, and the expansion of Beijing's influence within the kingdom

Electricity demand has surged due to the popularity of EVs, forcing officials to provide solutions that prevent power grids from being overwhelmed

Observers say many more party chiefs are likely to fall this year with Xi Jinping showing no signs that he’s ready to roll back on his clean-up

Rates for ocean cargo have soared after an attempted attack on Wednesday and a bid to hijack a Maersk ship last Sunday; members of the UN Security Council have called on the Houthis to halt their attacks

The Caixin/S&P Global services purchasing managers' index (PMI) rose to 52.9 in December, with a solid rise in new business lifting optimism in the sector to a three-month high

The CSI A50 has less weighting in the financial sector and leans more toward healthcare and new energy companies

China and Hong Kong stocks ended 2023 as the worst performers among the world's major indexes, dragged down by geopolitical risks, a sluggish economic recovery and policy uncertainties

The Chinese EV-maker's bumper sales suggest car buyers are looking for cheaper models in a high-interest-rate economy

Tencent and Netease shares rose after China removed a senior regulatory official and a state media commentary called for officials to end their 'erratic' oversight of the platform sector