The properties, located in The Peak, one of the most prestigious neighbourhoods in Hong Kong, are valued at more than $192 million

The People's Bank of China said the deal "will help strengthen financial cooperation" and "expand the use of local currencies"

While the Chinese president’s US visit didn't do much to ease the weight of Washington's chip sanctions on the world's second-largest economy, it did manage to score several brownie points

"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware of," one analyst said, but news that Jack Ma's family trust was selling shares likely also hurt the stock

Tencent is the second large Chinese technology company to look for domestic alternatives to Nvidia amid tightening US sanctions

For US businesses, the dinner will particularly be a chance to hear directly from the leader of the world’s second-biggest economy as they search for ways to navigate its economic slowdown

If approved, the new measures will apply specifically to auditors that have been hired by domestic firms or are conducting cross-border work

A global chip glut and Washington’s moves to limit China’s semiconductor industry weighed on SMIC, but the chipmaker shrugged off the revenue drop

In a first, China has added rare earths to its list of minerals that need to be reported to authorities for export

The foray by Ant into financial AI is notable as the company founded by billionaire Jack Ma is China's biggest fintech firm

Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's newly appointed finance chief said

Beijing’s top anti-graft body said it was investigating Zhang Hongli, the former VP of the Industrial and Commercial Bank of China – the world’s biggest bank by assets