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KUALA LUMPUR, Malaysia (AP) — The owners of a Malaysian convenience store chain and one of its suppliers were charged Tuesday with offending the religious feelings of Muslims after socks printed with the word “Allah” were found for sale on its shelves.
HONG KONG (AP) — Hong Kong’s leader said Tuesday that prisoners convicted for serious national security crimes would not likely be granted early release under the tightened rules of a new national security law, signaling a hardening government stance against jailed political activists.
Everything was calm until a Chinese coastguard (CCG) ship backed by a suspected militia vessel, approached and blocked the resupply boat, prompting a Philippine captain to look for a way around them.
To get the economy back on track, China is trying to champion its domestic companies and reassure entrepreneurs that it’s ready for business.
TAIPEI — Taiwan tested its air defences on Tuesday (March 26) in early morning drills using surface-to-air missiles, and air, land and naval forces, saying it would continue to intensify training in the face of China's frequent military activities nearby.
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Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore products via a quota-based channel.Winters exchanged views with Zhu Hexin, the head of China's State Administration of Foreign Exchange (SAFE), on China's financial opening up and the establishment of a treasury center, among other topics, according to a statement from the regulator issued late on Monday.Last month, the London-headquartered bank said in a client note that it would not take new subscriptions into offshore-domiciled funds sold via China's qualified domestic institutional investor (QDII) program, governed by SAFE.StanChart cited "commercial reasons" for the suspension.Analysts, however, say the suspension was probably because StanChart's QDII quota capacity may have been reached given a surge in demand by Chinese investors to invest offshore via the QDII program.It was unclear if Winters and Zhu discussed quota issuance.Separately, StanChart said in a statement that its fully-owned investment banking unit, Standard Chartered Securities China, commenced operations from Friday last week, the latest global financial firm to take advantage of the opening up of China's securities brokerage sector."We have confidence in China's continued financial sector opening and economic transition," Winters said."The inauguration of SCSCL will enhance Standard Chartered's ability to serve clients domestically and internationally, deepening and diversifying our capabilities in China".StanChart started hiring staff in China since 2023 as it geared up to launch the investment banking unit targeting niche bond deals, chairman of the
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