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.

Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid concerns over the company's liquidity as it faces several debt maturity deadlines this year.

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.

New chairman’s state-linked background sends positive signals, but company’s fate still depends on a sales recovery, an analyst says.

China Vanke Co’s chairman and chief executive officer will both resign in an abrupt move after the embattled developer warned of a record 45 billion yuan ($8.34 billion) loss for 2024.

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.

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,

Pets probably now outnumber infants and toddlers in China, according to a recent Goldman Sachs report. It is estimated that there were over 120 million pet dogs and cats in China in 2023, with the number of pet cats up 1.1 percent year-on-year, and the number of pet dogs up 6.8 percent.

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.

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.

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%.

SINGAPORE’S largest lender DBS Bank has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), increasing its stake from 16.7 per cent to 19.4 per cent, it announced in a bourse filing on Monday (Jan 27).