Five of the seven Chinese securities units that are part of US or European banks made a loss or reported a big fall in profit last year

The move follows a call by the financial regulator for companies to unwind cross-shareholdings, which are seen as spurring lax governance

US backs a UN resolution aimed at boosting international cooperation on AI capacity-building, but China's envoy says America's ban on AI investment in China is problematic

Top Chinese carmaker has enjoyed steady growth at home, selling 426,039 EVs in the second quarter, based on monthly totals

The news comes amid a prolonged capital market downturn in both the former British colony and on the mainland, plus growing Sino-US tensions

A huge graft scandal, which has caused a big purge of officers in the PLA, is likely to set back conflict in Taiwan or the South China Sea, analysts say

A state survey showed manufacturing fell for a second month in June, while services sank to a five-month low; but the smaller Caixin/S&P survey indicated a strong pickup in foreign orders

The new rules, which take effect in October, say the State Council will establish a rare earth product traceability information system. They also seek to protect domestic supply of critical minerals.

President Widodo has ordered an audit of two state data centres after officials admitted most information at one was not backed up; 230 ministries were affected, but services could take weeks to restore

A lawsuit lodged in Arkansas claims the Chinese shopping app Temu is "dangerous malware" that secretly gives itself "unrestricted access" to all data on a user's phone

US lawmakers had a busy week discussing rules about Chinese electric vehicles, as well as trade and investment measures on chips, drones and shipbuilding

Some 44 state agencies were targets of a cyberattack by the notorious Lockbit gang, which demanded an $8 million ransom. But the government has refused to pay.