China’s benchmark Shanghai Composite Index (000001.SH) lost 0.29% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.62%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.65% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.9%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Chinese Nickel Miners in Indonesia Face Threat from Falling Prices
A decade-long rush by China-based metal producers may end
· Beleaguered China Citic Fined For Dozens of Banking Violations
The national financial regulator cited 56 violations in handing down the more than $31 million in sanctions as well as a lifetime ban for a former executive
· Pioneer Who Helped Set Up China’s Capital Markets Dies
Wang Jianxi, who participated in the drafting of China’s Securities Law and the design of the stock exchanges in Shanghai and Shenzhen, died at 72 in Beijing, Caixin has learned
· Weekend Long Read: Why Did It Take So Long to Act on the Zhongzhi Meltdown?
Like many in internet finance, the now insolvent shadow banking giant lacked a traditional risk control system, exposing its high-net-worth clients to great jeopardy
· SAIC Forges Partnership with Indian Steelmaker for Local Business
Chinese automaker to sell 35% stake in its MG Motor India unit to JSW, the India conglomerate, forging a partnership to push into new energy vehicles
· How Kissinger’s Secret Visit to Beijing Set Stage for U.S.-China Rapprochment
Meeting with Premier Zhou in 1971 was first high-level U.S.-China gathering in nearly 20 years; led to Nixon visit, normalization of relations
· U.S. Regulator Hits Three China-Based Accounting Firms With Hefty Fines
The penalties are among the highest the PCAOB has ever imposed on any auditor and the first given to the Chinese arm of one of the ‘Big Four’ global accounting firms
· China’s New Financial Regulator Shakes Up Regional Leadership
Of the NAFR’s 31 provincial-level bureaus and five city offices, at least 17 get new directors
· Hozon EV Unit Kicks Off Production at First Overseas Plant in Thailand
Neta Auto’s factory will be able to make 20,000 cars a year after ramping up to full capacity in the first quarter of next year
· Analysis: Central Bank Digital Currencies Can Slash Costs of Cross-Border Payments
PBOC is testing the use of CBDCs in a partnership with the Hong Kong Monetary Authority, Bank of Thailand, and Central Bank of the UAE
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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