Ripple team was there in China to have a meeting with Central bank of China to make cross border payments more seamless. Ripple’s official twitter account sent out a tweet regarding this and this caused the price to jump from $0.19 to $0.24. However, it shall be noted that China has strict stance on banking and fintech sector since the Chinese government consider these sector to be on national security’s priority list. So if a company does not have more than 51 percent Chinese shareholder, they would not be allowed to operate in China.