Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.

DBS Group on Monday said it acquired an additional stake in Shenzhen Rural Commercial Bank for 1.60 billion yuan ($220.37 million), bringing its total stake in the Chinese lender to 19.40%.

China has taken a huge leap forward with DeepSeek and Large Language Models. It is a technology that is surprisingly applicable to drone warfare.

Support for Vanke could see banks extend loans, reduce discounts on asset sales and boost homebuyers’ confidence, CGS’ Raymond Cheng says.

DeepSeek’s A.I. models show that China is making rapid gains in the field, despite American efforts to hinder it.

It was a quiet night as DeepSeek was by far the topic du jour in the region, though Mainland China (closed until next Wednesday), Indonesia (closed until Thursday), Malaysia (closed until Friday), and Taiwan (closed until next Monday) were closed for Chinese New Year while South Korea is closed until Friday for Korean New Year.

China Vanke Co has received a lifeline by state authorities, a rare show of support that signals the developer is too big to fail even as dozens of property firms default amid China’s punishing housing slump.

A Chinese man has been sentenced to death for fatally stabbing a 10-year-old Japanese schoolboy, in a case that sparked concern among Japanese expats living in China. The sentence for the knife attack in the southern city of Shenzhen in September was handed down on Friday, according to Japanese media reports.

By Clare Jim HONG KONG (Reuters) -A management reshuffle at China Vanke that reinforced government support sent the developer's shares higher on Tuesday, as investors cheered the removal of near-term default risks and hoped it would bring some stability to the struggling property sector.

Chinese officials are taking steps to stabilize operations at China Vanke Co. after deepening liquidity stress and questions surrounding the whereabouts of its top executive triggered turmoil for its bonds and shares last week,

In response, China pulled the WTA Tour Finals contract. The organization signed a three-year deal to host the event in Riyadh, Saudi Arabia in spring 2024, and two years after the end of the boycott, Shenzhen will now host women’s tennis again.

China Vanke Co. has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too big to fail even after dozens of property firms defaulted amid China’s punishing housing slump.