China’s benchmark Shanghai Composite Index (000001.SH) gained 1.45% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.98%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.29% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.16%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Suicide Bombing in Pakistan Targeting Chinese Nationals Kills Two Local Children
Beijing condemns the attack that injured one Chinese, several others in the port city of Gwadar
· In Depth: Why Chinese Sidestep Flawed System to Challenge Official Punishments
The public don’t trust the administrative reconsideration system, which is seen by many as officials grading their own homework
· Biden to Nominate Foreign Service Veteran Nicholas Burns as Ambassador to China
In a break from the recent past, the U.S. president picks a career diplomat, not politician, to fill the key post vacant since October
Following decades of rapid progress, the focus is changing from growth rate to social security, efficiency to equity and capital to labor
· Weekly Must-Read: U.S. Stocks Regulator Pauses IPOs of Shell Companies Used by Chinese Firms
SEC Chairman Gary Gensler says he has asked staff to require such companies to disclose political and regulatory risk
· Energy Insider: Ansteel Wins Approval to Acquire Bengang Group
Crude steel output falls 8.4% amid production limits; SASAC urges more innovation by SOEs; unit of national railroad operator debuts on the ChiNext Board
· Shanghai Pudong Airport Suspends Cargo Handling After Two Covid-19 Cases
Freight operations may be suspended at least 14 days under quarantine procedures as the city tests more than 40,000 people
· Hong Kong Bourse to Offer China A-Share Index Futures
MSCI China A 50 Connect Index will track 50 Shanghai and Shenzhen equities available in the HK stock connect programs starting Oct. 18
· Taliban declare Afghanistan an ’Islamic Emirate,’ Biden’s Approval Sinks, Evegrande Gets Summoned
Tencent allocates 50 billion yuan to promote ‘common prosperity,’ and White House admits ‘a fair amount’ of U.S. military equipment fell into Taliban hands
· China's Biggest Vape-Maker Reports Drag on Growth as Regulatory Uncertainty Swirls
The U.S.-listed vaping brand waits to find out where e-cigs stand in China once regulators have finished with them
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This article was generated by Caixin Automation.
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