China's main securities regulator under the State Council
China’s securities regulator has signaled a crackdown on AI-themed stock promotion and market manipulation, while supporting active ETFs in Shanghai and Shenzhen. Regulators warn they will punish illegitimate stock recommendations and rumours, as Beijing seeks to cool speculative sentiment amid an AI rally.
Independent, BBC, and CNBC report Shein posts a Q1 loss amid higher duties from US and EU, offset by price hikes and growth in active customers ahead of a Hong Kong listing. Citations show a mixed picture: revenue up slightly in Q1 but net income down due to accounting changes and tariffs.
Macau’s former lawmaker Au Kam San remains jailed under the city’s national security law. A year after his arrest, authorities have offered limited details, and concerns about due process and the broader signal toward dissent persist as prosecutions proceed behind closed doors.