Chinese money brokers are preparing to suspend their data feed businesses in the coming days after being instructed to do so by Chinese regulators on Tuesday due to data security concerns, sources familiar with the matter told Reuters. The brokers, which include the local joint ventures of Tullett Prebon and NEX International Ltd, currently feed price quotes to data vendors such as Wind Information Co and Sumscope Information Technology Co, and the move could potentially slow trading in the country's money and bond markets.

China’s Embassy in Washington, D.C., said that it would again permit foreign tourists to visit the country, a major easing of travel restrictions put in place early in the Covid-19 pandemic, the Wall Street Journal reported. Step by step, China has been permitting more foreigners to enter the country in recent months, including in January when it opened its borders to let Chinese begin traveling overseas again. It also made it easier for business travelers to enter.

China’s new premier, the country’s No. 2 leader after Xi Jinping, sought on Monday to reinvigorate confidence in the faltering economy, promising that private-sector companies would be treated equally with state-owned ones and that the property rights and other interests of entrepreneurs would be strictly respected, the New York Times reported.

The People’s Bank of China is expected to extend monetary support this week and maintain a key policy rate, after Beijing retained its governor in a leadership reshuffle that signals policy continuity, Bloomberg News reported. The central bank will probably provide 350 billion yuan ($50 billion) to financial institutions through a medium-term lending facility on Wednesday, as 200 billion yuan of the one-year policy loans mature, according to the median estimate of seven analysts surveyed. The net expected increase in liquidity would be less than the 199 billion yuan last month.

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, Reuters reported. In a major shake-up, China will set up the new regulatory body, the National Financial Regulatory Administration (NFRA), according to a proposal that the State Council, or cabinet, presented to parliament on Tuesday.

China’s passenger car retail sales shrank almost 20% in the first two months of this year, underscoring the challenges facing manufacturers in the world’s largest but long-stuttering auto market, the Wall Street Journal reported. The nation’s auto makers sold 2.7 million passenger cars in January and February combined, according to the China Passenger Car Association, down from 3.3 million a year earlier. The association partly attributed the drop to the ending of tax cuts on autos that boosted sales during the pandemic, as well as the end of electric-vehicle subsidies.

Money managers on Wall Street and in Silicon Valley are learning once again that investing in China can be fraught, Bloomberg News reported. The Biden administration is close to completing an executive order that would curb U.S. investment in China’s tech industry, foreshadowing a further slowdown in bets on the world’s second-largest economy. Uncertainty over policy related to China has already contributed to a decrease of capital flowing into the Asian country.

As China tries to turn the page on one of its worst stretches of growth since the 1970s, its economy is being weighed down by the colossal debts of its local governments, which swelled during the pandemic and are starting to come to a head, the Wall Street Journal reported. Xi Jinping’s zero-Covid campaign saddled cities with billions of dollars in unplanned expenditures for mass testing and lockdowns. The Chinese leader’s crackdown on excessive property-market leverage led to a sharp drop in land sales, depriving cities of one of their biggest revenue sources.

China's foreign exchange regulator said on Monday that there is no change in China's policy on cross-border remittance of funds, and it will continue to promote a high-level opening-up to the world, Reuters reported. The State Administration of Foreign Exchange (SAFE) made the comments in response to Reuters questions regarding billionaire investor Mark Mobius' claims that he cannot take his money out of China due to its capital controls.

China is willing to "constructively" participate in solving the debt problems of relevant countries under a multilateral framework, its Premier Li Keqiang said on Wednesday, Reuters reported. China, the world's largest bilateral creditor, has criticised multilateral lenders for not accepting losses, or haircuts, on loans to low-income countries while Beijing is being asked to do so on credit it has extended on its own.