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

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