Developers that have already missed debt repayments may not qualify for the programme, industry sources said to Caixin Global.

Officials in Jiangxi province said water levels at a key monitoring spot at Poyang Lake fell from 19.4 metres to 7.1 metres over the last three months.

"We're raising runs next month in preparation for a possible opening in exports," a state-run refiner official said.

Only 19 per cent of applications were approved, with Chinese citizens prohibited from participating in leading blockchains overseas

About 10 officials from the China Securities Regulatory Commission and the Ministry of Finance have arrived in Hong Kong to aid and monitor the audit inspection, sources say

Apple continues to cut its reliance on China and will move 5% of its iPhone 14 production to India this year and expand its capacity to produce a quarter of all iPhones there by 2025

The freezing of Russian bank assets after the war in Ukraine was a key reason behind China cutting its holdings, Nikkei said

Experts say China will dig in on its awkward stance of calling for dialogue and peace, while refusing to condemn Russia's invasion of Ukraine.

Bearish bets on most Asian currencies rose to record highs, driven by a towering dollar and mounting pressure on the Chinese yuan, which has slipped to a 27-month low

Banks vow to follow government guidance, as they did on Russia, if Beijing invades Taiwan. But some said the US had to compete with big Chinese banks, which have grown in size in recent years

The rumoured move comes after loans secured by Evergrande Property Services were diverted to the parent group

The proposed legislation would impose penalties on countries that increase their imports of Russian oil, provoking tensions with India and China, The Economic Times said.