Chinese Businessmen who criticised govt COVID-19 response, could face 25 years in jail
By ANI| Posted by Mansoor | Updated: 11th May 2021 8:43 pm IST Flag of China
Beijing: Chinese businessmen Sun Dawu, who has been vocal in criticising Chinese authorities about its handling of the COVID-19, could face 25 years in prison if convicted on a range of charges against him.
Sun Dawu has been accused of provoking trouble and disturbing public order, illegal mining, encroachment on state farmland, obstructing public service and illegal fundraising, among other charges, prosecutors in Gaobeidian in Hebei province said in a document on Wednesday.
The document also listed the charges against 19 other people who were detained with Sun in November over a land dispute between his Dawu Agricultural and Animal Husbandry Group and a state farm, South China Morning Post reported.
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Meituan’s stock plunged to a seven-month low after the Chinese e-commerce company’s billionaire chief executive officer shared and then deleted a poem on social media that some interpreted as a veiled criticism of Beijing. The food delivery giant fell almost 10% in Hong Kong before closing 7.1% lower to wipe out about $16 billion. Wang Xing posted a classical poem about book burning by the emperor during the Qin dynasty on social media platform Fanfou.com, according to the Hong Kong Economic Times. He deleted it on Sunday and issued a clarification that he used the poem in reference to the company’s competitors. A Meituan spokesperson confirmed both posts and declined to comment further.
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By Reuters Staff
2 Min Read
SHANGHAI, May 7 (Reuters) - China has approved domestic fund managers’ first exchange-traded funds (ETFs) based on Hong Kong’s Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent.
Regulatory approval to launch such ETFs was obtained by six Chinese mutual fund managers, including China Asset Management, Dacheng Fund Management and E Fund Management, the Shanghai Securities News reported citing the six fund houses.
The Hang Seng TECH Index tracks the 30 biggest technology companies listed in Hong Kong. Constituents include Alibaba Group Holding Ltd, Tencent Holdings Ltd, Meituan, NetEase Inc, JD.com Inc and Semiconductor Manufacturing International Corp.