China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.06%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.3%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: China’s Safety Problem With Illegal Buildings
Deadly April collapse of a ‘self-build’ in the Hunan capital Changsha following similar disasters sets off a nationwide hunt for perilous structures
A 54% stake in Southwest China-based Sinuowei Mining attracts the highest bid of 2 billion yuan amid a surging demand for the metal
· Shanghai’s Economy Pounded in April by Covid Lockdowns
Industrial output plummets 61.6%; consumer goods sales plunge 48.3%; fixed-asset investment declines; and new lending shrinks
· Ant Sharpens Southeast Asia Strategy With New Leadership
Top executive of Jack Ma’s overhauled fintech giant outlines plans for competing in the world’s fastest-growing mobile wallet market
· China Boosts Support for Private Companies’ Bond Sales as Economy Falters
New credit protection tools, backed by 10 financial institutions, will allow investors to take out insurance against defaults
· China’s Ganfeng Lithium Continues Investment Spree With Stake in Metals Producer
Company buys one-sixth stake in manufacturer of tantalum-niobium products used in pipelines, aerospace and carmaking
· Tech Insider: More Sluggish Tech Earnings, Foxconn Plans Malaysia Chip Plant
Vice premier reiterates support for digital platforms, CATL gains European safety certificate
· Tianjin Tweaks Rules to Let Covid-Impacted ‘Spring Gaokao’ Students Take Test
The exam is important for tens of thousands of local students who want to get a place in college
· China Merchants Bank Appoints New President in Wake of Corruption Scandal
Wang Liang was made interim head after the lender’s former president was removed in April due to suspected misconduct
· Opinion: A Universal Standard for Sustainability Reporting is Needed for Sustainable Prosperity
A yardstick is required not just to measure and compare progress, but also for companies to hold themselves and others accountable
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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