Bill SAVADOVE A new stock market regulator chief could give China’s beleaguered shares a short-term lift, but analysts say Liu Shiyu faces the same old problems as his ousted predecessor: shattered market confidence and the need for sweeping reforms. Xiao Gang was dismissed as chairman of the China Securities Regulatory Commission (CSRC), state media reported Saturday, after a three-year tenure …

China’s Air Force has created a new unit dedicated solely to tracking and responding to drones, according to China Daily. In a press release, the PLA Air Force said the unit would focus on “small, slow-moving drones flying at an altitude of less than 1,000 meters,” China Daily reported. The language in the report makes it seem as though military …

Hong Kong / AP Asia-focused bank Standard Chartered said on Tuesday it swung to a surprise $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring costs and bad loans. Chairman John Peace described the performance as “poor” in what he called a watershed year, which saw the company announce it would axe 15,000 jobs under …