Good morning, and welcome to Tuesday’s Asia Links
Biden close to rolling back tariffs on Chinese imports to fight inflation (Bloomberg)
Beijing announces interest rate swap ‘Connect’ with Hong Kong after Xi visit (FT, Reuters)
China imposes fresh restrictions in Anhui and Jiangsu as covid cases rise (WSJ, Bloomberg, Caixin)
Hong Kong raises prospect of Shenzhen border easing by August 4 (Reuters)
China Development Bank will fund most of the $45 billion infrastructure stimulus (Caixin)
Hacker claims to have stolen data on 1 billion Chinese citizens from a Shanghai police database (Guardian, WSJ, Bloomberg)
Singapore-based crypto lender Vauld suspends withdrawals (Reuters, CNBC)
Reshoring is working in Singapore (WSJ)
Credit Suisse struggles with backlog of new wealthy client accounts in Asia (FT)
Chinese-Canadian billionaire Xiao Jianhua, who was abducted in Hong Kong in 2017, faces trial in Shanghai court (FT, SCMP, Reuters, AP, NY Times)
China agrees to invest $3 billion in Indonesian sovereign wealth fund (Reuters, Nikkei Asia)
Sri Lanka warns that supplies of petrol are running out and the next shipment isn’t going to arrive until later this month (BBC)
Apartment sales in Seoul fall 80% to all-time low (Chosun Ilbo)
More than 30,000 Sydney citizens told to evacuate or prepare to evacuate after 3 feet of rain (AP)