Founding and ruling party of the PRC, 1921–present
A Manhattan judge has sentenced Guo Wengui, a Chinese dissident-turned-US critic, to 30 years in prison after a seven-week trial found him guilty on nine counts of fraud, racketeering and money laundering. Prosecutors say he exploited followers who invested more than $1bn in ventures under his control to fund a lavish lifestyle.
Ma Xingrui, a senior Chinese official and member of the Central Committee, has been removed from his position amid an investigation into alleged violations. He previously served as Xinjiang party secretary during a period marked by international scrutiny over the region's detention policies. The move follows a broader anti-corruption campaign by Beijing.
Hui Ka Yan, founder of Evergrande, has pleaded guilty to charges including fundraising fraud and bribery. The court has announced he expressed remorse during his trial in Shenzhen. The case follows Evergrande's collapse with over $300 billion in liabilities, marking a significant development in China's ongoing property sector crisis.
Hong Kong authorities have issued a writ to seize assets linked to Jimmy Lai, including bank accounts, properties, and shares, as part of a national security case. Lai, a prominent critic of China, has been sentenced to 20 years in prison. The seizure hearing is scheduled for July.
Eileen Wang has pled guilty to one count of acting as an illegal agent for the Chinese government, for operating the US News Center to publish pro-PRC material from 2020 to 2022. She has resigned as Arcadia’s mayor. Co-operating with authorities, Yaoning Sun has already received a four-year sentence.
China’s rapid tech funding model is under tighter supervision as local governments demand disclosures on Dreame-linked entities, signaling Beijing’s push to curb misallocation while still backing long-horizon tech bets.
The Citic Tower in Beijing has sustained a hole in its glass facade after a small-plane crash. Authorities are on site; investigations are underway, and initial videos show debris and sirens as emergency services respond.