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%.

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

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.

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.

The Japanese Foreign Ministry says a court in China on Friday handed down the death penalty to a man tried for killing a Japanese boy.

Xin Jie, the chairman of its major state-owned shareholder Shenzhen Metro, will become Vanke's chairman, signalling increased state oversight on expectations that the government would step in to contain non-repayment risks.

Li Zexiang, the Chinese professor credited with nurturing some of the country's most valuable tech start-ups, including DJI, is embarking on a new mission to create multiple Silicon Valleys across China and drive the next wave of innovation.

Ahead of the Lunar New Year holiday, Shenzhen exporters faced a logistical challenge at the Yantian Port amid a major congestion.

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.

DBS Group Holdings, on Jan 27, announced that it has increased its stake in Shenzhen Rural Commercial Bank to 19.4% from 16.69%. The bank bought the additional stakes after entering into agreements with Shenzhen Shekou Dawah Real Estates Development Co., Ltd and Shenzhen Shekou China Merchants Harbour Engineering Co., Ltd. on Nov 8, 2024.

Singapore's DBS Group said on Monday it acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB) for 1.60 billion yuan ($220.4 million), bringing its total ownership in the Chinese lender to 19.