Footage posted on social media shows chaotic scenes in Shanghai when staff tried to lock customers in a building and Ikea store amid concern about people having Covid-19

China's banking system is bursting with cash. Savers added 10.3 trillion yuan ($1.52 trillion) in deposits in the first half and M2 money supply rose at the fastest pace in six years in July.

The crypto company, which last week suspended withdrawals, swaps and deposits, said it filed a petition with the Singapore High Court.

China stocks slipped and Tokyo was flat. Sydney and Mumbai both rose 0.6% while South Korea edged up 0.2%.

China will step up the use of special local government bonds and new credit provided by policy banks, the top planning agency said.

Tencent hired financial advisers recently to examine the best way to cash in on its eight-year-old investment and placate regulators, sources with knowledge of the matter said.

The onshore yuan dropped 0.47% to 6.7950 per dollar on Tuesday, its lowest since May 16, on concern about its recovery from recent Covid lockdowns.

Shares of Longfor, CIFI and Country Garden all jumped by more than 15% in morning trading on Tuesday. The Hang Seng Mainland Properties Index climbed 9.2%.

The US is funding data centres in Africa, plus a 17,000km undersea cable from Southeast Asia through the Middle East and Horn of Africa to Europe, Antony Blinken says

Asian shares were mixed after China's central bank unexpectedly trimmed two key lending rates following the release of July data that showed the nation's economic slowdown deepening.

The arrival of a new team of senior US politicians in Taiwan late on Sunday led to China staging more military exercises on Monday near the self-ruled island

A weak economy, Covid disruptions and supply chain challenges hammered the company's sales while increased investment in new technologies was an additional drag.