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Alibaba Group Holding, Tencent Holdings and Meituan are among a handful of tech companies praised by China’s powerful economic planning agency for their roles in supporting the nation’s technological progress and economic growth, a fresh signal that Beijing is putting on a friendly face towards Big Tech firms, reports the South China Morning Post. The […]

The Shanghai Futures Exchange (ShFE) is looking to expand its commodities warehousing network outside China, and is examining systems and regulations in the sector overseas, according to three sources with direct knowledge of the matter, reports Reuters. China’s dominant commodities bourse has a domestic network of 216 storage facilities for futures contracts, including metals traded […]

One of China’s biggest state-run investors is adding to the chorus of warnings over debt risks at the nation’s cash-strapped developers and local government financing vehicles, reports Bloomberg. The National Council for Social Security Fund, which oversees about $417 billion according to the latest available figures, has advised asset managers that handle its money to […]

ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by US employees to vest without waiting for the company to list in the stock market, thereby letting them cash out, according to people familiar with the matter, reports Reuters. The move is aimed at appeasing restless employees who have been waiting […]

China is drawing up tighter rules to govern generative artificial intelligence as Beijing seeks to balance encouragement for companies to develop the technology against its desire to control content, reports the Financial Times. The Cyberspace Administration of China, the powerful internet watchdog, aims to create a system to force companies to obtain a licence before […]