Bloomberg Chinese internet stocks rallied in Hong Kong after some brokers started to turn optimistic on the sector and said investors were making an attempt to find a bottom in prices after recent selloff. The Hang Seng Tech Index rose 2.5%, the most in nearly two weeks, to snap a three-day losing streak. The sector bellwether Tencent Holdings Ltd jumped …

Bloomberg China’s central bank fanned expectations of further monetary policy easing, saying in its latest quarterly report that inflation pressures are “controllable,” while highlighting risks to the economic growth outlook. The People’s Bank of China (PBOC) largely reiterated its stance of stable policy, pledging to make it more forward-looking and effective, while maintaining ample liquidity. The surge in producer inflation …

Bloomberg Circle Internet Financial, the second-biggest stablecoin issuer, is looking to give US regulators even more oversight of its cryptocurrency business as executives at Tether, its larger rival, are said to be facing a criminal probe by US prosecutors. Circle has set a goal of becoming the first full-service US federally-chartered crypto bank as the skyrocketing value of cryptocurrencies has …