China’s two leading cross-border online brokerages said they will remove their trading platforms from app stores in mainland China this week as Beijing takes a harder stance on capital flows out of the country, Bloomberg News reported. Futu Holdings Ltd. and Up Fintech Holding Ltd., also known as Tiger Brokers, said Tuesday that the move was to comply with the Chinese securities regulator’s requirements on cross-border brokerage businesses. Futu’s app Futubull will be removed Friday, and Tiger Brokers’ app will be taken off on Thursday.

China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter and intensifying pressure on policymakers to shore up a wobbly post-COVID recovery, Reuters reported. Tuesday's batch of data, which also showed a further decline in property investment, adds to concerns about the outlook for the world's second-biggest economy as both its domestic and export engines of growth remain underpowered.

China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Monday, as expected, but markets expect monetary easing may be inevitable in the coming months to support the economic recovery, Reuters reported. The People's Bank of China (PBOC) said it was keeping the rate on 125 billion yuan ($18.08 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.75% from the previous operation.

China's clampdown on its consultancy and due diligence sector has driven companies to review their operations after some tested the limits of the laws and Beijing's patience to meet surging demand as China emerged from its COVID-lockdowns, Reuters reported. These consultancies thrived by providing investors - from global hedge funds to private equity firms - access to industry experts and investigators who could obtain valuable corporate information.

China's consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery, Reuters reported. The weak consumer price rise reinforces the signals from this week's trade data suggesting domestic demand remains lacklustre, while the deflationary impulse in producer prices underlines the strains on factories - a double-whammy for the world's second-biggest economy as it tries to shake off the COVID-induced damage.

China's securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors, Reuters reported. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting watchdog said that it found unacceptable deficiencies in audits of U.S.-listed Chinese companies. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S.

A U.S. accounting watchdog found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and PricewaterhouseCoopers in Hong Kong, the government agency said on Wednesday, Reuters reported. The U.S. Public Company Accounting Oversight Board (PCAOB)published the findings of its inspections after gaining access to Chinese company auditors' records for the first time last year following more than a decade of negotiations with Chinese authorities. That access kept roughly 200 China-based public companies from potentially being kicked off U.S.

Defaulted Chinese developers facing key court dates in coming weeks received an abrupt reminder that it’s actions not words that count in restructurings, if you want to avoid getting liquidated, Bloomberg News reported. Jiayuan International Group Ltd., a residential and commercial builder focused on areas northwest of Shanghai, received a winding-up order from a Hong Kong court last week despite having launched a debt exchange offer. That made it the first developer during China’s property crisis to face court-ordered liquidation after public efforts to restructure debt.

Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy development of the sector, the housing regulator said on Monday, Reuters reported. Some real estate brokers in recent years "have charged excessive, unclear and bound fees, and misused clients' personal information, which has increased the burden on parties to transactions and infringed their legal rights", the regulator said in a notice.

A string of failed IPOs at one of the world’s largest mall operators is reviving concerns about the ability of China’s beleaguered property market to recover from prolonged Covid restrictions, Bloomberg News reported. Dalian Wanda Group, owned by billionaire Wang Jianlin, failed to list its mall operator unit for a third time since 2021 after its latest application expired.