China’s benchmark Shanghai Composite Index (000001.SH) gained 0.78% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.74%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.18% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.6%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Property Market Is ‘Out of Control’ as Prices Climb Further
New home prices in 70 cities rose 0.48% last month from March
· Cover Story: The Challenge of Keeping China From Shrinking
Though it has 1.4 billion people now, China’s ultra-low fertility rate, shrinking workforce and aging population demand policy changes to maintain economic growth
· Tencent Reshuffles Cloud Services Arm After Poor Pandemic Performance
Senior executives had previously discussed personnel changes after the unit failed to keep pace with fast-growing rivals amid shift to online work, Caixin has learned
· Singapore to Delay Hong Kong Travel Bubble Yet Again Amid Rising Covid-19 Cases
Singaporean transport minister said Friday that the country was unlikely to meet criteria for air travel bubble with Hong Kong
· Update: 12 Dead, Hundreds Injured as Tornadoes Hit Central, Eastern China
High winds on Friday night also damaged property in Wuhan and Suzhou
· Update: China Becomes Second Nation to Land on Mars
Asian nation joins the U.S. in an elite group of spacefaring countries to have touched down on the red planet
· Weekend Long Read: Tracking the Proliferation of Jargon in Chinese Society
Understanding the increasing use of jargon can help us better read the current state of Chinese society
· Chinese Airlines May Suspend Cargo Flights to India
Escalating pandemic creates problems delivering freight amid rising risks of disease transmission, driving up shipping costs
· Update: China Reports New Covid Flare-Ups in Anhui, Liaoning
In first cases of local transmission nationwide since April 20, six infections in the two provinces appear in two days
· U.S. Audit Watchdog Moves Closer to Enforcing Law That Could See Chinese Firms Delisted
Proposed rules would make it easier to determine whether regulators have been unable to complete an audit
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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