In brief
Xiao Yuanqi warned that heavy investment in AI is crowding out traditional industries in China
China's STAR 50 Index fell nearly 4%, hitting its lowest level since April 2025
Vice Premier He Lifeng reaffirmed support for Hong Kong as China's global financial hub
Read the original story, “Why China’s financial regulators are concerned about the global AI investment boom,” by Luis Blanco at th.beincrypto.com