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South Korea and Taiwan joined China in opposing Japan’s plan to release radioactive water from the wrecked Fukushima Dai-Ichi nuclear power plant into the Pacific Ocean starting in about two years. The three Asian governments, all with coastlines nearby, swiftly criticized Japan’s announcement Tuesday that it would conduct controlled releases that are expected to last for several decades. South Korea said the move posed a risk to the marine environment and the safety of neighboring countries, while China said it reserved the right to take further action. “Despite doubts and opposition from home and abroad, Japan has unilaterally decided to release the Fukushima nuclear wastewater into the sea before exhausting all safe ways of disposal and without fully consulting with neighboring countries and the international community,” Chinese Foreign Ministry spokesman Zhao Lijian told reporters in Beijing. “This is highly irresponsible.” The U.S., on the other hand, said the approach appeared to be in line with global standards while the head of the International Atomic Energy Agency said the global body would help ensure the plan is carried out “without an adverse impact on human health and the environment.” “Disposing of the treated water is an unavoidable issue for decommissioning the Fukushima nuclear power plant,” Japan Prime Minister Yoshihide Suga said.

The Guangzhou municipal government published guidelines and a three-year action plan to further develop the financial industry in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Guangzhou plans to attract more financial institutions from Hong Kong and Macau to establish regional centers or subsidiaries in the city, and for them to invest in domestic financial institutions. It will encourage qualified institutions to set up financial holding companies in the city, and for Guangzhou-based financial institutions to actively attract foreign capital including from Hong Kong and Macau. The local government will also work towards aligning the financial regulations in Guangdong province, Hong Kong and Macau, boost the connectivity of financial infrastructures, and improve the green finance co-operation mechanism for the GBA. Guangzhou-based companies are being encouraged to issue green bonds, and use the platforms in Hong Kong and Macau to fund and certify their green projects. Financial institutions are being encouraged to work with their Hong Kong and Macau counterparts in green finance, and to issue green financial bonds while using the proceeds in projects in Guangzhou.  Institutions from Hong Kong, Macau and globally are also being encouraged to come to Guangzhou and start credit rating businesses for green bonds. In addition, the government is encouraging companies in Guangzhou to issue offshore renminbi bonds and repatriate the proceeds, and for technology firms to list in domestic and overseas stock exchanges. Bank will be supported to start cross-border loan businesses, and non-bank financial institutions to begin cross-border businesses in Hong Kong and Macau.

Joe Tsai, Alibaba Group's co-founder and executive vice chairman, told investors on Monday that the company will not appeal the 18.2 billion yuan ($2.8 billion) penalty that China's State Administration for Market Regulation (SAMR) imposed on the business. Regulators had investigated Alibaba for "exclusive dealing agreements" that prevented merchants from selling products on rival e-commerce platforms — a practice known as "choosing one from two."

"With this penalty decision, we've received a good guidance on some of the specific issues under the anti-competitive law," Tsai said on the investor call. "We are pleased we are able to put this matter behind us." The company has promised to cease the "exclusive dealing" practice.

While the fine is equivalent to 4% of Alibaba's 2019 sales in China, it could have been worse and the outcome appeared to provide some relief to Alibaba and its investors. The antitrust investigation had gone on for months while Beijing scrutinized other big tech firms, including Alibaba's financial affiliate Ant Group.

The U.S. reported 4.6 million vaccine doses administered on Saturday, a single-day record, and another 3.6 million shots given on Sunday. That brings the daily average of doses administered over the past week to 3.1 million. At the same time, the country is reporting 70,000 new coronavirus infections per day, according to data from Johns Hopkins University, a level in line with last summer’s surge, when average case counts peaked at 67,000 in late July. No state is recording more daily infections on a per capita basis than Michigan, according to a CNBC analysis of Hopkins data, with daily case counts and hospitalizations nearing the state’s prior peaks and Covid-19 deaths there on the rise.