Section
China
The latest China coverage from Bullquill: sourced, dated and explained.
12 POSTSUPDATED
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Kim Jong Un China visit begins in Dandong, Seoul says
South Korean officials say the North Korean leader crossed into China's border city on Saturday, his first trip abroad in more than a year, a day before a Korean War anniversary. Neither Beijing nor Pyongyang has confirmed it.
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Kimi K3.1 Pro drops hacking skill: exploit score falls to 81%
Moonshot AI stripped cyber data from training and reinforcement-learning environments, giving up 9.5 points on its own exploit test. Here is what changed, what UK and US evaluators found in Kimi K3, and what is still unverified.
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Pentagon declares Confucius Institutes a US security threat
Defense Secretary Pete Hegseth said 80 renamed successor groups at 30 universities were dismantled over the past two months. Here is what the designation means, how it links to the NDAA funding bars, and what remains unknown.
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China & Hong Kong rebound, CSI 300 +1.71%: ETF volume surge (Oct 23)
Mainland stocks staged an afternoon reversal as volumes jumped in ETFs linked to state-backed funds, while Hong Kong tech shares recovered part of Thursday's rout. The closing numbers, the drivers and the dates ahead.
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Shanghai Composite closes at 52-week low of 3,658.03
Tech led the selling: the ChiNext index fell 4.37% and the STAR Composite 3.32% on the day. Reports cite doubts about AI returns, fading stimulus hopes and weak earnings led by CATL.
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COINS Act proposed rule would ban US investment in China AI firms
Treasury's proposed rule under the COINS Act adds hypersonics, supercomputing and biotech to the outbound investment program, turns AI deals into an outright ban, and says Venezuela no longer qualifies. Comments are due December 7.
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FCC surveillance chips rule blocks first two Huawei HiSilicon devices
The FCC did not name the makers or models. Devices authorized before October 13 are unaffected, and a pending proposal could require bills of materials with every equipment application.
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DeepSeek funding round reportedly reaches $15 billion
DeepSeek has reportedly raised about $15 billion, with Tencent and CATL among its largest backers, days after the US ordered federal civilian agencies to remove its technology. The company has not confirmed the round.
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Hermès Q3 sales growth slows to 4.3%, weakest since early 2020
Hermès grew third-quarter revenue 4.3% at constant exchange rates to €4.1 billion, missing forecasts. Asia-Pacific excluding Japan was flat and ready-to-wear and accessories fell as Chinese shoppers cut back, while Birkin and Kelly leather goods still grew 10.8%.
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CSI 300 bear market: China's index closes 20.2% below June peak
China's CSI 300 closed 20.2% below its June 22 peak on October 22 after a 1.8% daily fall and ten straight weekly losses. Hong Kong's Hang Seng Tech Index fell 5.03% in its worst session since April 2025.
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China & Hong Kong daily brief, Oct 22, 2026: tech rout hits Hang Seng
Hong Kong's Hang Seng lost about 3% and the Hang Seng Tech index 5% as a regulatory meeting on e-commerce quality hit Alibaba, while the CSI 300 slid into bear-market territory. The numbers, the drivers and the dates ahead.
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China seeks to confiscate Qian Zhimin's 61,800 bitcoin held in UK
The court opened a six-month window for investors and other interested parties to join the case. At CoinGecko's price of $82,262, the coins are worth roughly $5.0 billion, one of the largest bitcoin holdings controlled by any government.
