CEO Huang said the group's plan "is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits".

More than 80% of German companies actively looking at shifting operations away from China said geopolitical friction was the cause

US Commerce Secretary warns chip sector that Washington is set to “transform” its approach to export controls to stop firms like Nvidia from innovating specifically for the Chinese market

Israel is investigating short-selling of shares in an ETF that tracks the country's stock exchange just before Hamas' attack on October 7, which researchers say could have reaped $100m

Ratings agency cuts China's credit outlook, saying Beijing will have to support debt-laden local governments and state firms, posing risks to the country's fiscal and institutional strength

The move gathered momentum on Tuesday when a draft text emerged and research revealed that global CO2 emissions from burning fossil fuels are set to hit a record high this year

Chinese indexes saw double digit falls in the number of IPOs, compared to last year, amid geopolitical tensions with the West and increasing scrutiny from Beijing regulators

Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan

Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission President Ursula von der Leyen

Car giant aims to have six new EV models in Europe by 2026, and also has a unit looking at hydrogen trucks and cars

Hong Kong court gives embattled developer a further 8 weeks to finalise a revamped debt restructuring proposal; judge says plan needs support from all classes of creditors

COP28 president Sultan Al Jaber also seen opposing the UN chief's call for a halt in the use of fossil fuels