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

A probe into HyperVerse's supposed CEO suggests his identity is fake as none of his qualifications could be confirmed, a new report says

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

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

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

Vietnamese electric carmaker plans to make EV batteries in Thoothukudi city in Tamil Nadu, in the southern India, sources say

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

Two of China's biggest state-owned banks and a leading joint-stock bank have stepped up reviews of smaller lenders, as debts from the intensifying property crisis hit the financial sector

The top six home sellers last year were all state-owned or state-backed developers, according to a private real estate survey

Factory activity slipped in South Korea, Taiwan, Malaysia and Vietnam in December, while data for China was mixed

Criticism comes after the Netherlands restricts export licence for top chip-machine maker, to prevent them being exported to Chinese firms