China kicks off its first Covid-19 antibody trials. The country's investment in Australia plummets. Cathay Pacific gets $5 billion state-backed bailout. BYD's masks will arrive in Californa. Fallen Hengfeng Bank chief faces trial. Plus, Why Chinese companies may get booted from U.S. stock markets?

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China’s Hawaii will formulate the country’s first “negative list” for trade in services. Trade surplus surges to record in May. Tencent rolls out a credit scoring system. Plus, scandal-ridden Luckin Coffee's boss may face criminal charges, paying a price for what he did.

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Beijing lowers its Covid-19 emergency response. India takes on China in manufacturing. JD.com files for a second listing. Baoshang Bank scandal takes down another official. Plus, Trump seeks input to crack down on U.S.-listed Chinese companies.

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China is to allow foreign flights back after the U.S. bans its carriers. Shenzhen looks to have the country's first personal bankruptcy legislation. Investors chase “stall economy”-related stocks. Hong Kong's currency peg isn’t in doubt. Plus, a draft regulation in Beijing sets off criticism as it plans to criminalize the slander of traditional Chinese medicine.

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