China’s benchmark Shanghai Composite Index (000001.SH) gained 0.5% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.01%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.47% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.42%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· H&M Stores Shut by Chinese Landlords as Xinjiang Backlash Grows
At least six stores in lower-tier cities have been shut down by the owners of the properties
· China Sets Duties on Australian Wine for Five Years as Ties Sour
Imports will incur anti-dumping levies of between 116.2% and 218.4%
· Japan Looks to End Support for Overseas Coal Power Projects
Country will align with U.S. and Europe on moving away from carbon
· China State Shipbuilding Sails to Global Lead on Beijing’s Tailwind
Commercial-vessel maker is benefiting from country’s naval construction binge
· China Signs 25-Year Deal With Iran in Challenge to the U.S.
Chinese government plans to invest in and buy oil from the Islamic Republic, further straining ties with the U.S. already frayed by China’s imports of covertly shipped Iranian crude
· Traders Are ‘Glued to Their Screens’ and Set for Volatile Open
Markets are bracing for another wild day following an extraordinary $20 billion wave of block trades Friday that was driven by the family office of former hedge fund manager Bill Hwang
· Cover Story: Where’s the Pressure on Schoolkids Coming From?
President Xi Jinping leads crackdown on tutoring industry where worried parents are fueling a boom, but experts cite inequality in access to educational resources
· China Further Revamps Credit Ratings Rules in Wake of Massive Bond Defaults
Scandal-plagued credit ratings industry has been criticized for failing to fulfill its risk-warning role
· Why China’s Covid Vaccination Drive Puts the Young Before the Old
China’s epidemic situation allows for a focus on building a barrier of immunity, rather than directly protecting the most vulnerable, experts say
· Hong Kong Expects Initial Report on BioNTech Vaccine Next Week
Hong Kong will give priority to those needing booster shots when the BioNTech vaccination resumes, a senior official reportedly said
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This article was generated by Caixin Automation.
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