The US Justice Department has reportedly opened a review into Harvard University’s China-based financial aid programs, examining whether financial aid funded by Chinese donors discriminates against US …
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DOJ opens probe into Harvard’s financial aid for alleged discrimination against American students
The DOJ is investigating whether Harvard allowed Chinese donors to create scholarships excluding American students, potentially violating the Civil Rights Act.
WeBank Wins The Asian Banker’s Best AI-Driven Bank of the Year Award in Asia Pacific
WeBank, China’s first digital bank and one of the world’s leading digital banks, has been named “Best AI-Driven Bank of the Year in Asia Pacific for 2026” at the 2026 TAB Global AI Excellence Awards…
China’s central bank keeps benchmark rates unchanged as property sector drags growth
The People’s Bank of China (PBOC) maintained its benchmark lending rates at record lows for the 14th consecutive month in July 2026. The widely anticipated pause reflects central bank caution over …
Chinese solar stocks rise as Beijing unveils consumption tax to force industry shakeout
Beijing’s new consumption tax on solar cells and lithium batteries ends an 11-year exemption, driving stock rallies and reshaping energy markets that affect …
China’s anti-corruption drive reaches former Development Bank president
China’s anti-corruption watchdog has launched an investigation into Ouyang Weimin, the former president of the China Development Bank (CDB), over suspected serious disciplinary and legal violations …
Awards for Excellence country/territory winners 2026: China’s best international bank – HSBC
In 2025, the bank was active in shaping access to China’s opening financial system, participating early in newly introduced interbank products, including bond repo and long-dated derivatives …
Citic Capital CEO on making China a financial powerhouse
Ex-Wall Streeter Zhang Yichen on attracting capital to China, building up its bond market and helping foreign firms better serve Chinese consumers Zhang Yichen is chairman and CEO of Citic Capital …
One of China’s top investors says finance, not AI, is the country’s biggest bottleneck
Finance would be China’s weak point in a prolonged rivalry with the U.S. which has the world’s deepest capital market, says Primavera Capital founder Fred Hu.
Escaping Beijing: Why some young Chinese are quitting the capital
A slowing economy and rising prices are making it harder for young Chinese to thrive in the city.
China’s trade gap is narrowing. And other surprises
China’s GDP growth figures are often suspiciously smooth. Last year the government set a target of 5%—and the sprawling $19trn economy duly grew by just that amount, as if the combined endeavours of …
Apple Intelligence approved in China with Alibaba Qwen AI model
China’s cyberspace regulator cleared Apple’s AI service, with Alibaba confirming its Qwen model will power the experience across Apple’s operating systems …
China Can’t Talk About Birth Rates Without Talking About Rural Pensions
The need to support elderly parents, particularly in rural areas, is an underappreciated factor in China’s declining birth rate.
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