China’s benchmark Shanghai Composite Index (000001.SH) gained 1.97% on Monday, while the Shenzhen Component Index (399001.SZ) rose 2.25%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.52% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.55%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Rocky Road of the Tokyo Olympics
Pandemic controversies, scandals and red ink after a year-long delay may make it tougher to attract cities to host future games
· SEC Requires Additional Disclosures for Chinese IPOs
Chairman Gary Gensler demands more information on the risks that Chinese government actions could affect company values following $1 trillion China share sell-off
· Top Disease Control Official Says China’s Vaccine Plan Effective, Country Mulling Booster Shots
Beijing is still considering whether to use supplementary jabs to strengthen immunity against Covid-19, a China CDC researcher said
· Weekly Must-Read: The Who, What and Why of China’s Regulatory Campaign
Stocks of offshore-listed Chinese companies have slumped recently amid Beijing’s sweeping regulatory actions targeting a range of industries from fintech and ride-hailing to after-school education
· Chinese Leaders Call to Curb Over-Aggressive Moves to Cut Emissions
Politburo meeting Friday urged the country to correct its “campaign-style” approach to forcefully reduce carbon emission to cushion the impact on economic growth
· Opinion: China’s Olympic Rowing Medals Vindicate Hard Work and Innovation
Successes in Tokyo represent another leap forward for Chinese rowing, which has high potential for sport and education, argues author Yang Wang
· China Needs Policy Shift to Retain Foreign Companies, Former Commerce Minister Says
Chen Deming urges progress on intellectual property protection, policy stability and talent policies as land and taxation incentives run out of gas
· Melting Snow Floods Sinopec Site in Xinjiang Desert
Heavy rains turn summer melting snow into deluge at exploration site in Taklamakan Desert, flooding vehicles and equipment
· Hong Kong’s Tracker Fund ETF Closes Door to U.S. Investors
TraHK becomes another casualty of deepening financial tensions between China and U.S.
· Evergrande Gets More Assets Frozen as Creditors Sue Over Missed Payments
Litany of litigation sends company’s Hong Kong shares tumbling amid mounting concerns it won’t be able to repay its massive debts
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This article was generated by Caixin Automation.
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