Asian Braised Beef

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2 tablespoons all-purpose flour

1 tablespoon Chinese five-spice powder

Kosher salt and freshly ground black pepper 

3 pounds chuck roast, cut into 1 1/2-inch pieces 

2 tablespoons salted butter 

2 tablespoons olive oil 

2 tablespoons minced ginger 

1 generous tablespoon chili paste 

5 cloves garlic, minced 

1 bunch scallions, sliced, whites and greens separated 

1/4 cup sherry 

3 cups beef broth 

1/4 cup low-sodium soy sauce 

2 tablespoons honey 

3 star anise pods 

2 bay leaves 

Cooked jasmine rice, for serving