Caixin China Biz Roundup: Top Health Official Downplays 'Low Efficacy' Chinese Vaccine Comments

In today’s episode: The head of China CDC says his previous remarks about domestic Covid jabs were taken out of context; embattled video streaming site Leshi and its runaway founder have been punished for financial fraud; and Ant Group to restructure itself into a financial holding company as the state tightens scrutiny over the sprawling fintech industry.