Luckin Coffee to pay $180 million fine in fraud case

China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The SEC charged the company with defrauding investors by

Hong Kong | Financial authorities unveil plan for climate disclosures, stress tests

Hong Kong’s two main financial authorities outlined a plan for increased climate disclosures and stepped up management of risks linked to climate change for banks and fund managers in the

Tan Weiwei | Forceful lyrics on domestic violence strike chord in China

Quarrel, rape, adultery. Tricky, greedy, sycophantic. Chinese singer Tan Weiwei chants each word methodically in a two-line string of vulgarities and insults. The 16 words in her new song share something

Gov’t charges HK activists over attempted flight to Taiwan

China has charged Hong Kong activists detained for more than three months over their attempt to flee to Taiwan. Two people were charged with organizing an illegal border crossing and another

Australian PM says China coal ban would breach WTO rules

Australia’s prime minister said yesterday that China would be violating World Trade Organization rules and a bilateral free trade agreement if it banned Australian coal. Prime Minister Scott Morrison was replying

Alibaba, Tencent unit fined under anti-monopoly law

China’s market regulator yesterday said it fined Alibaba Group and a Tencent Holdings-backed company for failing to seek approval before proceeding with some acquisitions. It also is launching a review of

Trump raises China concerns as reason to veto defense bill

President Donald Trump offered a new rationale yesterday (Macau time) for threatening to veto the annual defense policy bill that covers the military’s budget for equipment and pay raises for

Hong Kong | Lai charged with endangering national security

Hong Kong media tycoon and prominent pro-democracy activist Jimmy Lai was charged with colluding with foreign forces under the city’s sweeping new national security law and denied bail in a

Authority says two Canadians have been indicted, tried

China’s Foreign Ministry said yesterday that two Canadians who have been held for two years in a case linked to a Huawei executive have been indicted and put on trial,

Digital Minister: Taiwan to guard privacy

Taiwan plans to create an independent agency to enforce digital privacy, a Cabinet minister says, tackling an increasingly urgent issue as countries step up surveillance during the pandemic. Taiwan is one

Authorities to sanction US officials, curb some diplomat travel

China said it will sanction more U.S. officials and place new travel restrictions on American diplomats in retaliation for measures taken by the Trump administration over Hong Kong. Chinese Foreign Ministry

UAE says Chinese vaccine 86% effective, offers few details

The United Arab Emirates said yesterday a Chinese coronavirus vaccine tested in the federation of sheikhdoms is 86% effective, in a statement that provided few details but marked the first

Gov’t orders removal of 105 apps, including TripAdvisor

Companies including the Chinese arm of TripAdvisor Inc. have been ordered by regulators to overhaul their mobile phone apps in what the Chinese government said is a crackdown on pornography

US poised to sanction more China officials over Hong Kong

The U.S. is preparing to sanction at least a dozen more Chinese officials over their role in the recent disqualification of Hong Kong legislators, according to two people familiar with

Hong Kong | Police arrest eight over university protest

Hong Kong authorities arrested eight people yesterday in connection with an unauthorized protest at a university campus last month, amid a widening crackdown on dissent in the semi-autonomous Chinese territory. The

Gov’t prepares large-scale rollout of coronavirus vaccines

Provincial governments across China are placing orders for experimental, domestically made coronavirus vaccines, though health officials have yet to say how well they work or how they may reach the

Cryptocurrency | JD.com becomes China’s first online mall to test digital yuan

JD.com Inc., China’s second-biggest online retailer, will become the country’s first virtual mall to use digital yuan, the cryptocurrency backed by the central bank. JD Digits, the e-commerce giant’s fintech affiliate,

Australia lacks strategy to deal with China, Labor’s Wong says

Australia lacks an overarching approach to handling a “much more assertive” China, and needs a plan for economic diversification and liaising with Asian allies to handle the emerging superpower, opposition

China hits out at US after report of new visa restrictions

China yesterday accused critics in the U.S. government of “an escalation of political suppression” against Beijing following a report of new visa restrictions on members of China’s ruling Communist Party

Morrison seeks conciliation in dispute with Beijing

A diplomatic war of words between Australia and China over a graphic tweet seemed to finally cool yesterday as Australian Prime Minister Scott Morrison struck a much more conciliatory tone. Morrison’s

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