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China toughened rules for industrial polluters participating in its national carbon market, including larger fines for entities found to be falsifying data on emissions reductions, reports Caixin. The regulations, signed off Sunday by Premier Li Qiang and to come into force from May, give greater powers to the Ministry of Ecology and Environment as China […]

Cash-strapped Chinese property developers said a range of their housing projects has been listed as eligible for funding under the latest program to support the ailing sector, reports Caixin. Country Garden Holdings, which defaulted on a dollar bond late last year, said it has more than 30 projects listed by local authorities as suitable for […]

Chinese automaker Geely Holding Group said on Saturday it has launched 11 low-earth orbit satellites, its second dispatch, as it expands its capacity to provide more accurate navigation for autonomous vehicles, reports Nikkei Asia. The satellites were launched from the Xichang Satellite Launch Center in the southwestern province of Sichuan, Geely said in a statement […]

China’s investment into Belt and Road countries rose last year to the highest since 2018, a new report says, with companies putting almost $50 billion into overseas projects, reports Bloomberg. Total investment was almost 80% higher than in 2022 and helped take total engagement with the 150 countries that have signed up to the infrastructure […]

Bao Fan, the billionaire founder and chairman of private investment bank China Renaissance Holdings, has stepped down from the company, nearly a year after his disappearance sent jitters through the country’s financial market and corporate world, reports Caixin. Hong Kong-listed China Renaissance said in a Friday filing that Bao has resigned as chairman and chief […]