The bank's China business in particular suffered branch closures amid ongoing virus restrictions, which drove an 18% decline in wealth management income

The setback came as Sinopec reported an overall 25% rise in net income for the three-month period, a level last seen in the third quarter of 2020

Universal Studios in Beijing announced it would require visitors to show negative test results before they could enter the theme park, starting on Friday

Like Heyer, Aeonmed makes medical ventilators, which rose to global prominence during the Covid-19 pandemic

Beijing recorded 31 locally transmitted confirmed Covid-19 cases on Tuesday, the country's state broadcaster CCTV said on Wednesday

Shanghai Securities Association, Shanghai Futures Association, and Shanghai Asset Management Association said firms should operate continuously and guarantee funds and transactions

An exodus will hurt Shanghai's ambition to be a regional financial centre and could be bad news for foreign firms that expanded operations in the city over the past few years

Beijing will now test roughly 20 million people, although the number of infections found was modest by global standards, with just 33 new locally transmitted cases for April 25

Residents in Beijing were preparing for a possible nightmare scenario, rushing to buy food, toilet paper and other supplies, as the city's biggest district started testing 3.5m residents.

Foxconn Interconnect Technology, which makes data transmission equipment and connectors, has been forced to switch operations to a back-up factory, until work can restart at Kunshan

Sentiment was undermined by fears strict lockdown measures will spread to Beijing, after the capital required everyone living or working in Chaoyang district to take Covid tests this week

Millions sought food from the Alibaba's Freshippo after most supermarkets and stores shut, but the system was overloaded by a 200-300% rise in orders, company says