China’s benchmark Shanghai Composite Index (000001.SH) gained 0.74% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.82%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.18% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.25%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Record River of Graft Leads to Death Penalty For One-Time Water Official
The story of how Li Jianping, a mid-level municipal official in Inner Mongolia, amassed $420 million in illicit gains stunned the nation and sparked public outrage
· China’s Top Leadership Pledges Stronger Focus on Growth Next Year
Politburo meeting chaired by President Xi Jinping commits to spurring domestic demand and strengthening macro policies, as the country is on track to hit its annual growth target of around 5%
· China Agrees to Clarify Cross-Border Data Transfer Rules, EU President Says
Ursula von der Leyen said it would be ‘a big improvement for European companies’ doing business in China after face-to-face meetings in Beijing
· Weekend Long Read: There’s More Than Meets the Eye to China’s Visa Exemptions
The addition of six countries to the country’s visa-free entry program last month is a boon to inbound tourism, which not only brings immense economic value, but also enhances China’s image
· Cao Yu Retires as Vice Chairman of China’s Top Financial Regulator
Veteran bank regulator stands down as vice chairman of the NAFR on reaching retirement age
· Former Guizhou Branch Chief of China Development Bank Under Corruption Probe
Top graft-buster says Li Gang is under disciplinary review and supervisory investigation on suspicion of serious violations
· Li Ka-shing Saw Economic Storm Coming in 2021, Partner Solina Chau Says
Hong Kong billionaire warned companies Horizon Ventures invested in to replenish cash reserves before the end of 2021 to allow them to weather economic headwinds
· China Orders Six Provinces to Get Data Fabrication Under Control
National Bureau of Statistics finds local authorities cooking the books
· WISE Awards: Highlighting the Power of AI to Bring Girls Back to School
In what represents a ‘Nobel Prize’ for education reformers, founder of nonprofit Educate Girls takes top honor for innovative application of the technology to identify girls missing from school in villages across India
· WISE Awards: Recognizing Educational Programs Focused on the Vulnerable
This year’s six winning projects concentrate on educational equity issues for groups including refugees and children in conflict areas, as well as IT and nature education
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