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Shanghai Composite Index Fell 0.59% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.59% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.83%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.71% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.0%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Cover Story: How a 140-Year Flood Caught Beijing and Nearby Cities Off Guard

Scientists blame global warming for torrents that killed 22 people

· India Delays Shock Move to Curb Imports of Laptops, Tablets

The move came after tech giants Apple, Samsung and HP froze new device imports to the country following an abrupt order on Thursday

· Pony.ai in JV With Toyota-linked Companies to Mass Produce Self-Driving Taxis

Start-up joins with Toyota Motor (China) Investment and GAC Toyota Motor to invest more than $140 million to set up the robotaxi firm

· Chinese Economic Officials at Pains to Tout Efficacy of Recovery Stimulus

Authorities have reiterated their vow to lower mortgage rates and implement new structural monetary tools, in yet another assurance aimed at highlighting their efforts to stimulate growth

· Exclusive: French Finance Minister Pushes Back Against ‘Decoupling’

With Franco-Chinese diplomatic relations about to enter their 60th year, Bruno Le Maire says the climate issue is ‘at the heart of Franco-Chinese cooperation’

· Zhengzhou Leads Big Cities in Rolling Out Housing Stimulus

Capital of Henan province eases curbs on home resales, lowers down payments and cuts transaction costs and mortgage rates

· Morgan Stanley Targeted for Shanghai Compliance Inspection

CSRC picks American securities unit and Changjiang Finance Services for random on-site governance and business reviews

· Four Things to Know About the Floods in North China

Torrential rains lashed Beijing and neighboring regions over the past week, causing deadly flooding — Caixin explains why it happened and how China is cleaning up

· In Depth: Yi Gang’s Legacy After Five Years Running China’s Central Bank

The former PBOC governor, who stepped down last month, spearheaded interest rate reform, helped reduce risks in the financial system, and supported the green and digital transformation of the financial sector

· As China’s Markets Languish, New Rules Will Free Up Billions Idle in Stock Accounts

A reduction in cash required in investors’ settlement accounts, the third in almost four years, could unleash as much as 40 billion yuan of cash

Click here to read more of the latest news.

This article was generated by Caixin Automation.

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