The athletes tested positive for banned human growth hormones along with compatriot Chen Xiexia, who won gold in the 48kg category in Beijing and was also disqualified by the IOC.
CAS said in a statement on Monday that it had upheld the IOC's decision against the two athletes.
"As a consequence the athletes are disqualified from the events in which they participated: Chunhong Liu – Women's 69kg (gold medal), and Lei Cao – Women's 75kg (gold medal)," CAS said.
(Writing by Simon Jennings in Bengaluru, editing by Ed Osmond)
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