China’s Ministry of Finance banned the purchase of products from 46 U.S. companies in government procurement.
ByteDance’s Doubao AI assistant is testing a ride-hailing service.
China’s top financial regulator has ordered life insurance companies to better manage their actuarial assumptions to bolster operational stability and risk resilience.
A state-owned financial conglomerate in Anhui province has spearheaded the creation of a new property insurer, marking a new phase in the risk resolution of the financially distressed Chang An Property and Casualty Insurance Co. Ltd.
Several Chinese banks have raised margin requirements for individual precious metals trading to more than 100%, effectively forcing retail investors out of the high-risk business.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
