Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Caixin Global
Caixin Global
Business
Caixin Automation

Shanghai Composite Index Rose 0.33% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.33% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.45%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.97% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.17%.

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

· Cover Story: The Rapid Fall of China’s Most Famous Corporate Raider

Since the failed Vanke bid, Baoneng Investment Group is now $31 billion in debt after forays into cars and mobile phones fell short

· Essay: What an American Neurosurgeon Can Teach Us About Wealth and Values

John Adler’s quest for a better way to conduct brain surgery offers lessons on how people should spend their time, invest their money, and ultimately live their lives

· New Covid Cluster in East China Elementary School Linked to Returnee From Singapore

Six people have tested positive, including three children, in the Fujian province city of Putian

· Weekly Must-Read: Huarong’s $3.4 Billion Debacle on a South Korean Tourist Trap

The undeveloped plot of land bought by the state-owned bad-asset manager is now worth about one-third what it paid, underscoring its woeful history of bribery-fueled investments

· Merkel Tells Xi She Hopes EU-China Investment Deal Will Be Ratified Soon

Outgoing German chancellor says she will make efforts to push the EU to bridge gaps with Beijing

· Weekend Long Read: What Does China’s Consumption Slowdown Mean for the Economy?

Growth in consumer spending has been declining in recent months, posing a risk of an economic slowdown in the second half of the year

· China Orders Top Internet Platforms to Protect Workers’ Rights

Regulators ordered top online platform operators to take the lead in safeguarding workers’ rights and interests

· Beijing’s New Stock Exchange Issues Draft Listing Rules

Third China bourse catering to smaller companies proposes simplified, streamlined review process based on experiences of STAR Market and ChiNext board

· Five Things to Know About the New Cross-Border Wealth Connect Program

Starting Oct. 10, trial program will give residents the chance to invest in wealth management products across the Greater Bay Area

· Opinion: Why China-U.S. Relations May Be Showing Signs of Thawing

As Xi and Biden speak for a second time this year, it’s clear that America needs China in confronting climate change and post-Afghanistan realities

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.