China’s benchmark Shanghai Composite Index (000001.SH) lost 2.34% on Monday, while the Shenzhen Component Index (399001.SZ) fell 2.65%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.42% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.84%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: How Historic Rainfall Overwhelmed Zhengzhou
Five-year-old, $8.3 billion ‘sponge city’ program for handling floods falls short as toothless red alert warnings go unheeded
· Weekend Long Read: How a London Power-Duo Outfoxed China’s Biggest Private Steel Giant
Shagang’s restructuring plan centered on a multibillion pound deal for a British data center operator. After five years, an insider trading investigation and a record trading suspension, was the deal worth it?
· China Mulls Unified Five Year Plan for Renewables
Official tells industry conference new energy plan will place greater emphasis on solar
· Weekly Must-Read: Five Ways AI Will Put China Ahead
China is well-poised to maintain its position as the world’s factory by virtue of its advantages in big data, AI, automation and intelligent production capacity, writes Kai-fu Lee
· Beijing Orders Tencent to Give Up Exclusive Music Copyrights
Regulatory probe finds tech firm’s 2016 purchase of China Music Corp. stake breached Anti-Monopoly Law
· China Probes Property Development Industry in Continued Housing Crackdown
Regulators increase penalties for violations and vow to further clean up the housing market within the next three years
· Energy Insider: China’s Auto Sales Back to Pre-Pandemic Level
Strategic reserves to sell copper, aluminum and zinc to stabilize commodity prices; carbon market inks first bulk deal; coal chemical project suspended
· Chinese Education Stocks on NYSE Collapse Amid New Crackdown
Authorities issue sweeping new regulations restricting after-school tutoring, forcing an industry restructuring and banning share sales and foreign investments
· Debt-Laden China Oceanwide to Offload More of Its Stake in Minsheng Securities
Property conglomerate aims to raise money from sale to help pay off its borrowings
Beijing rejects WHO plan to reinvestigate Covid lab-leak theory and China’s child care services fall short
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
