Singapore 

Parliament: Bionix did not stop reversing in CFC Liu Kai incident despite repeated commands, says Ng Eng Hen, Singapore News

SINGAPORE – The Bionix armoured vehicle which collided into the Land Rover that Corporal First Class Liu Kai was driving, leading to his death, did not stop reversing despite repeated commands for its driver to do so, Defence Minister Ng Eng Hen revealed in Parliament on Monday (Feb 11). In the Nov 3 accident, the Bionix Infantry Fighting Vehicle stopped only after it mounted the driver’s side of the Land Rover – about eight seconds after it started reversing, said Dr Ng. An independent Committee of Inquiry (COI), as well…

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Money 

What do China’s reassignment of Liu Shiyu and Yi Human say about Xi Jinping’s policy priorities for the next few years?

China’s government made two significant appointments over the weekend, assigning two former bankers to key positions that underscore President Xi Jinping’s policy priorities for the next few years, as the nation’s economic growth loses its breakneck pace, while the financial markets must prepare for greater foreign competition and liberalisation. The government promoted Yi Huiman, chairman of the Industrial and Commercial Bank of China (ICBC), to head the China Securities Regulatory Commission (CSRC), the financial industry watchdog. Incumbent regulator Liu Shiyu, after helping to stabilise China’s 5 trillion yuan (US$742 billion)…

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Money 

Head of China’s securities watchdog Liu Shiyu replaced by top banker

The chairman of China Securities Regulatory Commission, Liu Shiyu, has been removed from his position, state media reported on Saturday. The head of the watchdog was replaced by Yi Huiman, the chairman of Industrial and Commercial Bank of China, Xinhua reported. Liu, who had been in charge at the CSRC since February 2016, will move to another position, the report said. Yi joined ICBC, China’s largest bank, in 1985 and took over as its chairman in 2016. More to follow … Source link

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China 

China, US ‘less belligerent, more cordial’ as delegation heads to Washington before Liu He

China and the United States appear committed to reaching a deal before March 1, when the trade war truce ends, even if they have not resolved differences over key issues such as forced technology transfers and Beijing’s state subsidies, analysts say. Both sides denied a report in the Financial Times this week that Washington had rejected a visit by two Chinese vice-ministers to prepare for a US trip by Vice-Premier Liu He from January 30 to 31. That delegation – led by Commerce Vice-Minister Wang Shouwen and Finance Vice-Minister Liao…

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Home 

China’s Vice-Premier Liu He accepts invitation to Washington this month for trade war talks

Chinese Vice-Premier Liu He has accepted an invitation to lead a Chinese delegation to Washington at the end of this month with the purpose of reaching a deal to end the trade war, according to a source who has been briefed on the arrangement. Liu, who is overseeing China’s trade negotiations with the United States, is expected to meet US Trade Representative (USTR) Robert Lighthizer and US Treasury Secretary Steven Mnuchin during the two-day visit, the source added. The trip will take place on January 30 and 31, dates previously…

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China 

China’s vice-premier Liu He ‘likely’ to visit Washington later this month to continue trade war talks

US officials expect China’s top trade negotiator to visit Washington later this month, signalling that higher-level discussions are likely to follow this week’s talks with mid-level officials in Beijing. “The current intent is that the vice-premier Liu He will most likely come and visit us later in the month and I would expect the government shutdown would have no impact,” said US Treasury Secretary Steven Mnuchin said. “We will continue with those meetings just as we sent a delegation to China.” The US government is in the 20th day of…

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Ecommerce 

JD CEO Richard Liu cleared in US but Chinese e-commerce giant still faces challenges ahead

Chinese billionaire Richard Liu Qiangdong will not face felony rape charges in the US as prosecutors announced on Friday that their investigation turned up insufficient evidence to follow through. Liu, the 45-year-old founder of Beijing-based e-commerce site JD.com, was arrested in Minneapolis, Minnesota, on August 31 after a woman accused him of rape while he was attending a university business programme in August. Liu was released the next day and returned to China hours later. “It was determined there were profound evidentiary problems which would have made it highly unlikely…

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Ecommerce 

JD.com’s Richard Liu makes top 10 list of Google Hong Kong searches for people in global current affairs

Richard Liu Qiangdong, the JD.com founder and CEO who is the subject of a rape investigation in the US, made the Google Hong Kong top 10 search list for people in current international affairs this year. Google released its Year in Search 2018 report on Wednesday, which showed that the Chinese billionaire was one of the individuals who gained the most attention from Hong Kong internet users this year, despite the company not having any substantial business in the city. What drew Hong Kong’s interest was the accusation in August…

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Home 

Lawyer for JD.com founder Richard Liu blasts Reuters for ‘one-sided’ report on rape case

The lawyer for JD.com founder Richard Liu Qiandong has slammed Reuters’ for its “one-sided” and “inaccurate” report on Liu’s rape case, calling its publication of witnesses names “reckless”. “[Reuters] jeopardises the integrity of the investigation and amounts to trying a case in the media before that investigation has concluded, and well before my client has even been charged with a crime,” Jill Brisbois, a US-based lawyer representing Liu, said in an email response to a request for comment on the Reuters story. “In so doing, Reuters continues to report a…

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Home 

US prosecutors weigh competing accounts in deciding whether to charge JD founder Richard Liu with rape

On the night of Aug. 30, a 21-year-old University of Minnesota student said she was in a chauffeured black car, trying to keep billionaire JD.com Inc Chief Executive Richard Liu from pulling off her clothes. “I just begged him, ‘Don’t do that. You have wife and you have kids,’” the Chinese woman told police in a recorded interview days after that was reviewed by Reuters. “He did not listen to me.” At around 3 a.m., Minneapolis police responded to an “assault in progress” involving Liu at the woman’s luxury apartment,…

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