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The end of a regulatory grey zone: Why China is cracking down on offshore brokerages

The end of a regulatory grey zone: Why China is cracking down on offshore brokerages China’s toughest crackdown yet on offshore brokerages is closing a popular route to overseas markets for mainland investors. Analysts say the move is about more than investor protection. SHENZHEN: When China unveiled its toughest crackdown yet on offshore trading platforms, Beijing-based investor Elaine Liang began exploring alternatives.

Channel News Asia 9d ago

Hong Kong's IPO boom is developing a performance problem

BEIJING — Hong Kong may be the top market globally for initial public offerings, but it also suffers from a growing trend of weak stock performance from those debuts. The Hong Kong exchange was first in the world by IPO funds raised last year — besting the New York Stock Exchange and the Nasdaq, which came second and third respectively — according to KPMG, which noted that strong momentum in 2025 continued in the first quarter of this year. More than 600 companies are waiting to list on the...

CNBC 2d ago

China is making it harder for Mom and Pop to access U.S. stocks. Here's who will benefit

China is making it harder for retail investors to steer money to U.S. stocks, ramping up a longer-term shift that steers domestic capital and companies toward Hong Kong. Beijing's securities regulator recently tightened scrutiny on offshore brokerages, saying it will "resolutely crack down" on Tiger Brokers, Futu Holdings and Longbridge Securities over what it described as illegal cross-border securities operations. It's the latest salvo in a years-long effort to close loopholes that allowed...

CNBC 7d ago

CNBC's The China Connection newsletter: Humanoid robots are great, but they need buyers too

Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses. Humanoids are popping up everywhere, even reshaping a smartphone manufacturer.

CNBC 1d ago

WATCH: Rubio scorches claim Trump weighed finances in Iran decisions: ‘Not even for a millisecond’

Secretary of State Marco Rubio forcefully pushed back Wednesday against a Democratic lawmaker's suggestion that President Donald Trump may have considered personal financial interests when making decisions related to the recent conflict with Iran. Rubio called the allegation "completely false" and said he has never heard the president discuss his own finances in connection with war or foreign policy. The exchange came during a House Foreign Affairs Committee hearing, when Rep. Gregory Meeks,...

Fox News Politics 7d ago

WATCH: Rubio scorches claim Trump weighed finances in Iran decisions: ‘Not even for a millisecond’

Secretary of State Marco Rubio forcefully pushed back Wednesday against a Democratic lawmaker's suggestion that President Donald Trump may have considered personal financial interests when making decisions related to the recent conflict with Iran. Rubio called the allegation "completely false" and said he has never heard the president discuss his own finances in connection with war or foreign policy. The exchange came during a House Foreign Affairs Committee hearing, when Rep. Gregory Meeks,...

Fox News 7d ago

Meta's ships facial recognition on smart glasses

Meta's smart glasses companion app ships a complete, dormant face-recognition pipeline on a stock account. Stella is the companion app for Meta's smart glasses. Inspecting version 273.0.0.21 of the Android build (com.facebook.stella ), I found the entire computational and storage stack for on-device facial recognition: three face models, a local database schema, a cosine-similarity vector index dimensioned to match the models, a write path that stages biometric records to disk, a fully wired...

Hacker News 6d ago

Corning strikes another multibillion-dollar AI deal. What the new Amazon pact means for the stock

Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manufacturing facilities.

CNBC 2d ago

Corning shares jump 9% after striking deal to power Amazon AI data centers in U.S.

Amazon is paying Corning billions of dollars for optical fiber to power and connect its rapidly expanding U.S. data centers, the latest megadeal featuring two companies at the center of the artificial intelligence boom. The agreement, announced Monday, will play out over several years and create 1,000 jobs at Corning's North Carolina factories, the companies said. Corning's fiber optic cable and networking solutions are becoming essential elements of AI infrastructure because they enable...

CNBC 2d ago

Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents

Morgan Stanley will soon open a key wealth management funnel to artificial intelligence agents from thousands of corporations, CNBC has learned exclusively. It's one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools. The move will allow clients' autonomous agents to pull data and insights directly from the firm's stock administration platforms, ShareWorks and Equity Edge, bypassing the traditional software interfaces built for human users,...

CNBC 7d ago