Firms debuted at cheap prices, and jumped under new listing scheme; Shenzhen CECport Technologies, an electronic components distributor, opened 161% higher and surged 239%

Chinese delegations of city and business officials are crossing the border more frequently than ever, in trips ranging from Hong Kong to Paris, to "grab investment"

"Achieving carbon neutrality requires 'carrots and sticks'," People's Bank of China Governor Yi Gang said

China's new premier, who took office this month, said Beijing opposed trade protectionism and decoupling, in veiled comments aimed at the United States

China's foreign minister Qin Gang said the country will continue to provide a better business environment for global companies, including US firms

The port reconstruction deal, part of a $170-million project to upgrade roads and wharves in the strategically-located Pacific islands nation, comes as the US voices fears about China planning a naval base in the region

The planned exit contrasts with recent expansions in China by its US rivals BlackRock and Fidelity

The inspections by US audit watchdog PCAOB are part of a deal with Beijing to prevent delistings of Chinese firms from the New York Stock Exchange

Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports

"No other bankers in the US provide the level of services SVB used to offer," said an executive at a major Chinese investment bank, which has deposits at Silicon Valley Bank

Several Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed their exposure to Silicon Valley Bank over the weekend

At least one WeChat group with several hundred members has been formed by anxious Chinese clients of SVB seeking to safeguard their interest