China’s benchmark Shanghai Composite Index (000001.SH) lost 0.13% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.24%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.25%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Appoints Youngest Provincial Party Chief in Fujian
Zhou Zuyi, minister of human resources and social security, takes over from newly appointed Politburo member Yin Li
· Former Provincial Party Chief Takes Over as Beijing’s New Boss
Yin Li, the ex-party chief of Fujian, has replaced Cai Qi, who has been elevated to become one of the seven members of the party’s top decision-making body
· Cover Story: Will Europe Pour More Money Into China?
As dramatic geopolitical changes alter the calculus, foreign investment from Europe more than doubles this year after three years of decline
· Exclusive: Former China Guangfa Bank Chairman Detained
Authorities from the northeastern province of Liaoning detained the 61-year-old in Beijing on Sept. 20, sources say
· Fosun Chairman Defends Group’s Solvency
Billionaire Guo Guangchang says the sprawling conglomerate has 270 billion yuan in total assets versus 100 billion yuan in liabilities at the group level
· Weekend Long Read: In China, Millions of Women Never Learned to Read. Can TikTok Help?
Decades of inequality have left millions of women illiterate. Now, many of them are turning to social media to get the education they had been denied
· Lithium Price Climbs to Record on Tight Supply
EV battery makers rush to lock in supply ahead of winter production slowdown, driving lithium carbonate price to $83,700 a ton
· China’s Sovereign Wealth Fund Posts 14.27% Investment Return Overseas
Performance for 2021 by $1 trillion CIC beat previous year despite economic slowing, but this year will be more challenging, fund warns
· President Xi to Hold Talks With Biden, Macron at G-20 Leaders Summit, APEC Next Week
The conference will be the first face-to-face meeting between the Chinese and U.S. presidents since Biden took office in 2021
· Caixin Explains: Why Is China’s Youth Unemployment So High?
Regulatory crackdowns have hit the private companies that are usually hungry for young employees, while other businesses are vanishing due to Covid controls and a slowing economy
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This article was generated by Caixin Automation.
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