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

Foreign firms are said to have pulled $160 billion out of the country over the past year and a half, with companies drawn to higher interest rates and more appealing investment destinations

The ban is aimed at promoting a "level playing field" for retail and institutional investors, South Korean financial authorities said

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

The carmaker has said it is still looking for the right location and would make an announcement at the end of the year

China is changing its approach to AI amid a slowdown and debt crisis in its real estate sector — which has accounted for nearly a quarter of the country’s economic output

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

Rumours on multi-platform social media channels also claimed about 20,000 football fields it owns would be taken back by Beijing, the iPhone supplier alleged

Regulators like the SEC and Commodity Futures Trading Commission have targeted the crypto sector amid concerns of rampant fraud, and use of digital assets for money laundering and funding of terrorism

In attendance at the summit will be Goldman Sachs Chief Executive David Solomon, Morgan Stanley boss James Gorman and Citigroup's Jane Fraser, among others

Talks on Monday are part of a US move to better understand China's outlook and head off a potential three-way arms race between Washington, Beijing and Moscow, US officials say

Minister tells Micron CEO Beijing would be happy for the company to expand its operations in China, months after saying the memory chipmaker failed a security review; the news comes amid a thaw in Sino-US ties