The penalty will pave the way for fintech giant to become a financial holding company and eventually allow it to revive its plan for a stock market listing.

President Xi Jinping warned his Russian counterpart against using nuclear weapons in Ukraine during his visit to Moscow in March, a new report says

Insiders and analysts say Pan Gongsheng is known as a risk averse financial technocrat, who played a key role in crackdowns on perceived threats over the past decade

Beijing has ramped up trade rivalry with the US by announcing controls on gallium and germanium - two minor metals widely used in chips, EVs and high-tech products - and it could get worse

Yellen is expected to discuss cooperation on climate change and global debt distress, plus concerns about China's anti-espionage law in talks with senior finance officials in Beijing this week

Nikkei says an investigation has found that customs records confirm that Russia has been buying drones from Chinese companies specifically for use in its war in Ukraine

The US warns that China's anti-espionage law provides extra grounds to access and control data held by foreign firms in China and could criminalise normal business activity

A former NSW Premier was in a secret relationship with an MP accused of corrupt conduct over a visa scheme for Chinese nationals

The facility is China's biggest green hydrogen plant and has the capacity to produce 20,000 metric tonnes a year, which will be produced using solar power to split water into hydrogen and oxygen

China is set to double its renewable power capacity years ahead schedule, but most new capacity is not connected to local energy networks because of the country's old and inflexible power grid

The Indian government is drafting a plan for large subsidies for companies that can help it make battery storage systems to enable the transition to clean energy sources

Parliamentary committee recommends phasing out advertising for online gambling on all media within three years because of the social harm rampant betting is causing