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SanTe Cableway said it is unaware of reports that former ultimate controller Ai Luming has been criminally detained, that Ai has no control or controlled relationship with the company, and that operations are normal. The company said all non-operatin

2026-08-07

SanTe Cableway said it is unaware of reports that former ultimate controller Ai Luming has been criminally detained, that Ai has no control or controlled relationship with the company, and that operations are normal. The company said all non-operating fund occupancies, together with corresponding interest, were repaid in cash in April 2022. SanTe Cableway returned to state ownership in 2023 and has reported three consecutive years of net profit growth. Media reports on Aug. 5 cited a lawyer saying Ai was detained on suspicion of illegally absorbing public deposits; the lawyer’s post has been deleted.

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2026-08-06

China Banking and Insurance Asset Management Association surveyed 198 banks wealth managers, insurance asset managers and insurers. Q3 results show the equity investment confidence index rose quarter-on-quarter; equity risk appetite and allocation wi

China Banking and Insurance Asset Management Association surveyed 198 banks wealth managers, insurance asset managers and insurers. Q3 results show the equity investment confidence index rose quarter-on-quarter; equity risk appetite and allocation willingness both increased, and consensus on structural opportunities strengthened. The fixed-income confidence index slipped slightly to 50.02, near the 50 expansion–contraction threshold, indicating a cautious, balanced industry view on the bond market. Short-end easing expectations have narrowed while long-end allocation value has risen, leaving market expectations more balanced. Monetary policy easing expectations marginally converged; confidence in long-end yields and credit allocation showed marginal recovery.
2026-08-07

President Trump said signing an executive order on "birth tourism" today is constitutional.

President Trump said signing an executive order on "birth tourism" today is constitutional.
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