China’s benchmark Shanghai Composite Index (000001.SH) lost 0.39% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.41%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.1%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: China’s Halting Steps to Dial Back ‘Zero Covid’
As central authorities cite scientific evidence for easing travel and testing rules, local officials worry about being held accountable for new outbreaks
· Caixin Summit: China Should Set GDP Target of No Less Than 5% for 2023, Top State Economist Says
Liu Shijin, a member of the top political consultative body, said momentum was building for a turnaround next year after a slowdown in 2022
· Flights to China Still Lag Demand Despite Easing of Some Covid Restrictions, Sources Say
Tickets from hubs like Singapore and Bangkok remain hard to get and expensive, dashing hopes of a quick resumption of inbound travel
· Caixin Summit: Former Vice Minister Calls For Global Sustainability Disclosure Standards
Zhu Guangyao said rules will be ‘an important basis …for rating by global investors and rating agencies’
· Weekend Long Read: How China’s ESG Policy Is Progressing
The Chinese market still enjoys considerable room for growth, and top-down policies remain the most important force driving development of the sector
· New Rules to Streamline Foreign Investment in $20 Trillion Bond Market
Chinese authorities outline new system to attract more overseas cash into the world’s second-largest debt market
· Former Huishang Bank Chairman Expelled From Communist Party
Wu Xuemin turned over to judicial system for prosecution on corruption charges turned up by party’s top graft busters
· Hu Shuli: Strengthening Connections in a Time of Uncertainties and Anxieties
Caixin Summit — in week of G-10 and APEC — shows that multilateralism and sustainable development ‘are bursting with new vitality’
The country’s energy supply ‘was more vulnerable than we had imagined,’ Zhou tells forum
· Caixin Summit: Energy Expert Pours Cold Water on Hydrogen Hopes
Equipment powered by hydrogen will inevitably be costlier to run than that which directly uses electricity, Zhou Dadi tells forum
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This article was generated by Caixin Automation.
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