China’s benchmark Shanghai Composite Index (000001.SH) lost 0.27% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.07%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.97% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.79%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Yen’s Decline Tied to U.S.-Japan Rate Gap Is Seen Stretching to 2025
Japanese tourism and exports see gains while fund outflows and higher import costs cause pain
Dong Jun urges the U.S. to correct its mistakes and adhere to the one-China principle without ‘assisting Taiwan with military means’
· China Explains Why It Is ‘Hardly Able’ to Attend Ukraine Peace Summit in Switzerland
Foreign ministry spokesperson Mao Ning cited differences between how meeting has been arranged and China’s principles, saying it ‘will continue to promote talks for peace in our own way’
· Weekend Long Read: Dialogue Between Hu Shuli and Joseph Nye on China-U.S. Relations
The former dean of Harvard's Kennedy School of Government discussed the great power competition between the two countries in a discussion at the Caixin Summer Summit with Publisher Hu Shuli
· Beijing Dismisses Vice Mayor Investigated for Graft
Gao Peng is the target of graft busters for ‘serious violations of discipline and law’
· Evergrande Unit Fined $577 Million for Misconduct
Evergrande’s founder Hui Ka Yan fined $6.5 million and banned for life from participating in securities markets
· EU’s Proposed Carbon Footprint Methodology Has Chinese EV-Battery Makers on Edge
China’s battery-makers are on the back foot compared with global rivals due to the country’s heavy reliance on fossil fuel, industry insider says
· Korean Tensions Flare as Pyongyang Floats Trash-Laden Balloons, Launches Missiles
The Kim regime floated hundreds of balloons filled with ‘filth and garbage’ south across the border after leaders from China, Korea and Japan met in Seoul
· Commentary: Shanghai’s Relaxing Housing Restrictions Show Policymakers’ Determination
Changes include lowering mortgage rates and easing purchasing limits, such as expanding the areas where unmarried non-locals are allowed to buy preowned homes
· In Depth: China’s Lagging Vaccination Program Gets a Window of Opportunity
The declining birthrate will make it easier to finally expand the number of vaccines on offer, experts say, but funding reforms are still needed to make the scheme sustainable
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This article was generated by Caixin Automation.
