Approval marks a substantial step forward in the rehabilitation of the once high-flying conglomerate, as it works to crawl out from the heap of debt it amassed during a wild expansion spree

The lack of safety standards in China’s cross-country running world is under scrutiny. Huawei vows it won’t make cars or invest in automakers

Creditors of Peking University Founder Group will meet by the end of May to vote on a restructuring that will see Ping An Insurance lead a takeover of a portfolio of attractive businesses and jettison a rump of worthless assets

Nearly 1.1 billion shares in Founder Securities owned by Guo’s Beijing Zenith to be sold as part of ongoing disposal of tycoon’s assets

Canada's opposition parties urge Trudeau to ban Huawei from the country's 5G network. Plus, a Chinese video giant is targeted by a short seller

Peking University Founder Group will merge with a handful of subsidiaries as it looks to deal with billions in debt

Action may reflect concern that brokerage could funnel proceeds to bankrupt parent Founder Group, people close to Founder Securities say

Bankruptcy administrator whittles list of candidates down to four as part of restructuring plan to repay massive debts

The money-losing state-owned firm has $5 billion of bond obligations coming due before year-end

Strong investor demand for Yum China's secondary listing in Hong Kong. Plus, Beyond Meat is to begin production in China.

Decision raises questions about whether creditors can rely on companies to pay back bonds issued by their subsidiaries, even when they’ve said they would