# regulation
Latest news and articles about regulation
Total: 11 articles found
Patient Companions: How China’s Gig Workforce Is Filling a Healthcare Gap — and Testing Regulation
China’s informal industry of patient companions has grown rapidly to help elderly and urban patients navigate crowded hospitals, but it remains fragmented, poorly regulated and exposed to fraud and liability risks. Recent local pilots and an interagency statement signal a move toward professionalisation, while practitioners warn that certification and platform dynamics have yet to resolve structural precarity.
Flash Crash in Precious Metals Wipes Across Asia: 13 Chinese Futures Halted as Indonesian Stocks Plunge
A rapid sell‑off in international precious metals markets on 2–3 February triggered a cascade of limit‑down moves across 13 Chinese futures contracts and sharp equity losses across Asia. Indonesia’s market fell nearly 5% and South Korea briefly invoked an emergency trading halt, underscoring crowded long positions, leverage and fragile liquidity. Regulators and exchanges have responded with valuation changes and supervisory interventions, but the episode raises questions about market structure and systemic risk.
How ‘Free’ Psychiatric Beds Became a Lucrative Fraud: Inside China’s Private Mental‑health Market
An undercover probe by New Beijing News uncovered systematic insurance fraud and abuse at private psychiatric hospitals in Hubei, where facilities recruit patients with promises of free care, fabricate diagnoses and billable treatments, and sometimes coerce or harm inpatients. The practices—paired with “fake discharge” tactics to evade audits—have siphoned public medical insurance funds and left vulnerable patients mistreated and trapped.
SpaceX to Absorb xAI — Musk Bets on Marrying Artificial Intelligence with Orbital Infrastructure
SpaceX has announced the acquisition of Elon Musk’s AI company xAI, signaling an intention to integrate advanced AI capabilities with the Starlink satellite network. The deal could reshape competition between cloud and AI incumbents while raising regulatory and security questions about data, export controls and dual-use applications.
China’s TCM Clean‑Up: Regulatory Clock Ticks on ‘Unknown’ Safety Claims
China’s National Medical Products Administration is enforcing a rule that will bar re‑registration of traditional patent medicines whose package inserts still state key safety items as “not yet clear.” The measure aims to eliminate low‑use and poorly documented approvals, compel firms to supply safety data, and accelerate consolidation in an industry long criticised for uneven evidence on safety and efficacy.
Shanghai Moves to Supercharge the Second‑hand Economy with 'Internet+' Push and Tighter Rules
Shanghai has issued guidance to expand its second‑hand goods market by scaling an “Internet+” model, improving trade‑in and registration procedures for cars and electronics, and encouraging third‑party testing and appraisal services. The package aims to boost consumption, formalise trading practices and advance circular‑economy goals, while posing enforcement and data‑privacy challenges.
China Purges Financial Influencers After ¥83m Penalty Exposes Social‑Media Stock Racket
Chinese regulators and major tech platforms have moved to punish and deplatform influential stock‑picking social media accounts after a high‑profile ¥83 million penalty exposed systematic manipulation. The coordinated action targets a wider problem: monetised investment communities and celebrity traders whose recommendations materially sway prices and leave retail investors exposed.
Ant’s AI Push Enters Life Insurance: Partnership with Tongfang Global Life to Rework Underwriting and Claims
Ant Data Technology and Tongfang Global Life have signed an agreement to deploy AI across life-insurance operations, combining Ant’s modelling and platform tools with Tongfang’s regulatory licence and balance sheet. The deal highlights both opportunities for faster, cheaper insurance services and the regulatory and consumer-protection challenges of algorithmic underwriting in China.
IMF Chief: AI a 'Tsunami' for Jobs — Young and Entry-Level Workers Face the Brunt
IMF chief Kristalina Georgieva warned at Davos that AI will act like a ‘tsunami’ for labour markets, affecting an estimated 60% of jobs in advanced economies and 40% globally. She said young people face the greatest disruption because many entry-level roles are being eliminated, and stressed that governance has not kept pace with technological change.
Hainan’s Duty‑Free Boom: Early Gains, New Shoppers and the Test of Durability
Hainan’s full‑island customs regime and a November 2025 duty‑free policy revision have catalysed a surge in sales and reshaped the island’s retail model by turning local residents into repeat duty‑free shoppers. Early figures are robust, but executives and analysts caution that the holiday‑period boost, heavy promotions and enforcement challenges mean the sector must improve assortment, service and inbound tourism to sustain growth.
JD Health Unveils 'Zhuoyi' 2.0 — A Push to Embed Large‑Scale AI Inside Chinese Hospitals
JD Health unveiled Zhuoyi 2.0, a hospital‑oriented large‑model product designed for full‑scene clinical deployment. The launch highlights Chinese tech firms’ drive to embed generative AI into hospital workflows while raising questions about clinical validation, regulation and data governance.