S&P 5007,411.98▲0.1% Nasdaq24,975.82▼0.6% Dow51,947.25▲0.5% Russell 2K2,930.00▼0.3% 10-Yr4.68%−2bp VIX18.58−0.12 WTI$90.47▼1.9% Gold$4,055.70▲0.2% EUR/USD1.137▼0.3% BTC$65,140▼0.3% Nikkei66,423▲0.5%
At close · Fri, Jul 24, 2026
Daily Market Updates.

Global Markets

HomeGlobal MarketsTrade & TariffsChina adds intentional injury charge in case against C…

China adds intentional injury charge in case against Chen Zhi

Prosecutors previously dropped a count tied to concealing criminal proceeds, but expanded the case with copyright infringement and intentional injury allegations, which under Chinese law can carry execution risk.

China has added an intentional injury charge to the case against alleged scam-network mastermind Chen Zhi, raising the potential maximum penalty, according to reporting by SCMP Economy.

Chen, 38, was extradited from Cambodia to China six months ago and formally arrested on July 6, and Chinese prosecutors have moved to update the charges. Caixin, cited by SCMP Economy, reported that prosecutors dropped a previous count of concealing criminal proceeds but added copyright infringement and intentional injury allegations tied to Chen’s alleged criminal activities.

Under Chinese criminal law, intentionally inflicting bodily injury and causing death or severe injury by especially cruel means is punishable by a sentence of no less than 10 years in prison and could lead to execution, SCMP Economy reported.

SCMP Economy also said Chen is wanted by United States prosecutors for allegedly running one of Asia’s biggest transnational criminal organizations.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.