China’s benchmark Shanghai Composite Index (000001.SH) gained 1.49% on Monday, while the Shenzhen Component Index (399001.SZ) rose 2.89%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.91% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 4.14%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Largest ‘Ghost City’ Booms Again Thanks to Education Fever
Home prices in Ordos’s Kangbashi district soar after top-flight school relocates
· Honda Partners with AutoX to Develop Self-Driving Tech For China’s Road and Traffic
· TPG-Backed TE Asia Healthcare Looks to Join $1 Billion Club
Singapore-based company plans to invest $90 million mainly in Malaysia and Indonesia this year, building new cardiac hospitals
· Ant Group Denies Report That It’s Exploring Ways for Jack Ma to Sell Stake
Report said that fintech giant hoped that the founder’s holdings would be sold to existing shareholders in Ant or its e-commerce partner Alibaba
· China Stories:‘Loneliest Species’ Gets Second Chance at Survival
The critically endangered Yangtze giant softshell turtle was thought to be on the brink of extinction, until several more were discovered in Vietnam
· Biden and Suga Pledge to Strengthen Alliance in Challenge to China
The meeting with the Japanese prime minister was the U.S. president’s first with a foreign leader since taking office
· Record Profits at China’s Biggest State Firms Show Strength of Economic Recovery
Earnings of centrally administered SOEs more than tripled to $63.7 billion in the first quarter
· In Depth: Stand-Up Comedians Cheer Up Chinese Audiences
Imported Western art form becomes wildly popular in online and live venues as satire and roasting give people something to laugh about
· Opinion: Dos and Donts for Preventing ‘Disorderly Capital Expansion’
When local governments have no specific idea of what ‘disorderly capital expansion’ refers to, they will likely hinder innovation on the grounds of policy requirements
· Former Noodle Chain Executive Sentenced to Over Six Years for Embezzlement
Ex-Ajisen CFO Robert Lau Ka Ho stole $3.3 million over almost seven years by altering corporate checks with erasable pen
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This article was generated by Caixin Automation.
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