China’s benchmark Shanghai Composite Index (000001.SH) lost 0.08% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.17%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.57% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.56%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Manufacturing Activity Expands Amid Weak Supply, Caixin PMI Shows
The October reading marks the second consecutive monthly gain driven by domestic demand
· Cover Story: How Drugmakers Feed on Chinese Parents’ Anxiety Over Children’s Height
China’s market for human growth hormone surges, benefiting GeneScience and Anke Biotechnology as foreign suppliers rush in
· Su Hua Steps Down as Kuaishou CEO in Core Leadership Reshuffle
Co-founder Cheng Yixiao appointed CEO as Tik Tok rival continues to battle widening losses and shrinking market value
· Hong Kong Mansion Linked to HNA Group’s Dennis Chen Seized by Lender
Exclusive property is latest connected to the troubled group to be placed in foreclosure, records show
· Weekly Must-Read: Why Chinese Developers’ Offshore Bonds Are So Cheap
As default risks rise, many offshore debt holders are dumping bonds in the real estate sector, driving prices so low that some bargain-hunters are wading in
· Online Health-Care Stocks Plunge on New Industry Rules
National Health Commission’s proposals would bar robots, ban misuse of prescriptions and require stricter doctor management
· China Tightens Scrutiny of Outbound Data Transfers
Cyberspace Administration’s rules would require security reviews for data transfers abroad of personal information on 100,000 individuals or more
· Sequoia Dumps Billions of Dollars of Meituan Shares Amid Regulatory Woes
Longtime venture capital backer slashed holdings 60% over three years as food delivery giant faces surging labor costs under fierce government scrutiny
· South China Province Plans $94 Million HPV Vaccination Pilot Program
The campaign aims to reduce the incidence rate of cervical cancer in Guangdong, which is higher than the national average
· Tech Insider: Huawei Spinoff Goes Global, Component Crunch Hits Chinese Smartphone-Makers
Didi rival T3 pockets $1.2 billion in new funding, Sony weighs chipmaking partnership with TSMC, Beijing issues draft rules on cross-border data flows
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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