Refinitiv data shows foreigners sold $1.71 billion worth of mainland shares via Stock Connect in May, after selling $659 million in April

Move was undertaken to sidestep a potential regulatory conflict stemming from its merger with UBS, which already has a locally incorporated bank in China, sources say

The key setback to Modi's chipmaking goal has been the inability of companies, bidding for $10 billion in incentives, to hook a major tech partner that can implement a prompt plan of action

Chinese president tells security chiefs on Tuesday that the "complexity and severity of national security problems faced by our country have increased dramatically"

Musk is expected to meet several senior Chinese officials and visit Tesla's Shanghai plant later in the week

Tech entrepreneurs say they're looking to base companies abroad, disillusioned with Xi Jinping's policies, and happy to play down their Chinese identity amid growing trade rivalry with the US

The manufacturing purchasing managers' index fell to a five-month low of 48.8, the Statistics Bureau said on Wednesday, while service sector activity was the slowest in four months

A heavy influx of immigrants and a trend among young professionals to move out of multi-generational family homes were key drivers behind Singapore's sharp rise in rents and home prices

Government sources said the import tax may be halved, and GST cut, because local producers cannot meet the rising demand for renewable energy

Officials in Wuhan have appealed for 259 local companies and entities to pay debts of some $14 million – showing the financial crisis that many local governments in China face

Investors in China have been opting for safer assets as the country's post-Covid recovery struggles to gain momentum, amid weak sentiment at home and geopolitical tensions

The Treasury department is looking to scrap an audit contract with PwC this year after the accounting giant was found to have used confidential tax plans to reap further profits.