Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China’s Financial Regulatory Revamp Raises Hope, but Some Concerns
Mar 10 2023 // A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention. In a major shake-up,...
Update: China to Launch National Financial Regulator in Major Supervisory Overhaul
Mar 7 2023 // China will set up a new financial regulatory body consolidating oversight, which analysts said was aimed at closing loopholes with multiple agencies monitoring different aspects of trillions of dollars’ worth of its...
China Eases Deadline Pressure for Multinationals’ Compliance With Data Security Rules
Mar 2 2023 // Chinese regulators have eased some deadline pressure on multinational companies struggling to comply with new rules requiring them to seek approval to export user data, according to lawyers advising clients on the...
China Urges State-Owned Firms to Drop Big 4 Auditors Over Data Security Concerns
Feb 23 2023 // Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a landmark deal to allow US...
Downing of Chinese Balloon Creates Spectacle, Concern Over SC Tourism Hub
Feb 7 2023 // The downing of a suspected Chinese spy balloon just off South Carolina’s coast created a spectacle over one of the state’s tourism hubs and drew crowds reacting with a mixture of bewildered gazing, distress and...
U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China
Feb 7 2023 // Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being...
5 Killed, 8 Missing in China Chemical Plant Explosion
Jan 19 2023 // BEIJING (AP) — A massive explosion at a chemical plant in northeastern China killed at least five people and left eight missing, state broadcaster CCTV said Monday. More than 30 other people were injured in the explosion...
Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant
Jan 9 2023 // Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was...
Chinese Regulators Approve Capital Raise of $1.5B for Ant Group
Jan 6 2023 // HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off...
Indiana Blocks Chinese-Owned App Tiktok from State Devices
Jan 3 2023 // Indiana has blocked the Chinese-owned social media app TikTok from state devices, its technology office said. The Indiana Office of Technology “blocked TikTok from being used in our state system and on our state...
Overseas Companies Welcome China’s Decision to End Quarantines for Visitors
Dec 28 2022 // Companies welcomed China’s decision to end quarantines for travelers from abroad as an important step to revive slumping business activity while Japan on Tuesday announced restrictions on visitors from the country as...
Chinese Electric Automaker Nio Hit by Ransomware Attack
Dec 22 2022 // China-based Nio Inc. said on Tuesday that hackers had breached its computer systems and accessed data on users and vehicle sales, in the latest hacking incident to hit the global auto industry. The hackers had sent an...
China’s Sunshine Insurance Leans Toward Pricing HK IPO at Bottom of Marketed Range
Dec 6 2022 // Sunshine Insurance Group Co. is leaning toward pricing its Hong Kong initial public offering at the bottom of its marketed range, according to people familiar with the matter. The Beijing-based firm is weighing whether to...
Police: 4 Dead at Oklahoma Pot Farm Were ‘Executed,’ Chinese Citizens
Nov 28 2022 // LACEY, Okla. (AP) – Police have identified a suspect in the slayings of four people at an Oklahoma marijuana farm but said they aren’t releasing a name because doing so could put more people in danger. Authorities...
Tesla Recalls More Than 80,000 Cars in China on Software, Seat Belt Problems
Nov 28 2022 // Tesla Inc. is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory in any given month — due to a software issue and seat belt problems. The US EV maker will...
China’s Fosun International Appoints Deutsche Bank to Sell Stake in Peak Re: Sources
Nov 22 2022 // China’s Fosun International Ltd. has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based reinsurance company Peak Re, four people with knowledge of the matter told Reuters. The sale...
China to Fine Ant Group More Than $1B as Regulatory Revamp Nears End: Sources
Nov 22 2022 // Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year...
Chubb Gets Regulatory Nod to Raise Stake in China’s Huatai to 83.2%
Nov 18 2022 // Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Co. Ltd. from 47.3% to...
Taiwan’s Financial Services Firms Cut China Exposure by 20% to Record Low
Nov 18 2022 // Taiwan’s financial institutions reduced their China exposure to a record low amid economic and political uncertainties, according to its top financial regulator. Total exposure to China at Taiwanese banks, insurers...
China’s Sunshine Insurance Gets Approval for $1 Billion IPO: Sources
Nov 18 2022 // China’s Sunshine Insurance Group Co. has received approval from the Hong Kong stock exchange for an initial public offering that could raise about $1 billion, according to people familiar with the matter. The...
