China’s benchmark Shanghai Composite Index (000001.SH) gained 0.31% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.62%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.19% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.85%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Accelerated Push for a Nationwide Property Tax
China may roll out pilot programs this year in Shenzhen and Hainan and have legislation in place for the rest of the country by 2025
· Freezing Weather Kills 21 Runners in 100-Kilometer Race
Hail, gales and plunging temperatures suddenly strike event in Gansu’s Yellow River Stone Forest after organizers dropped protective gear requirement
· Hong Kong Mulls Allowing Non-Local Companies to Apply for Crypto Exchange License
Under new legislative proposals, retail investors would be prohibited from trading cryptocurrencies
· Ling Huawei: Huarong Is Nowhere Near Defaulting on Offshore Bonds
Neither major shareholder nor regulators will allow that to happen
· China’s ‘Father of Hybrid Rice’ Yuan Longping Dies at 91
New strains developed by the agricultural scientist significantly raised yields, helping lift countless people out of hunger
· Chinese Regulators Reaffirm Stance to Maintain Financial Policy Continuity
Key regulatory body meeting chaired by Vice Premier Liu He pledges to keep reasonably abundant liquidity in financial system
· Weekend Long Read: Views on China’s Green Transformation From Inside the Central Bank
Zhou Chengjun, head of the PBOC’s financial research institute, talks green financial standards, carbon markets and whether Shanghai will be the country’s first carbon-neutral city
Wind power capacity jumps as authorities vow to put more turbine-generated electricity online; crude steel output sets a record
· Shenzhen Skyscraper Wobbles Again Following Evacuation
Vibrations were detected in the two days after the 75-story SEG Plaza tower was closed, though authorities found the shaking within an acceptable range.
· Douyin, Kuaishou Cited for Illegally Collecting Personal Data
Cyberspace Administration blasts 105 mobile apps for breaching rules, including LinkedIn, Baidu, Sogou and 51job
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.
