China’s benchmark Shanghai Composite Index (000001.SH) lost 0.46% on Monday, while the Shenzhen Component Index (399001.SZ) fell 1.42%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.98% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.0%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Hamas Attack on Israel Reignites Region’s Cycle of Violence
Looming Israeli ground assault on Gaza threatens 2 million Palestinians
· Weekend Long Read: How Liaoning’s Economy Crumbled
The northern province ranked among the country’s top eight provinces in terms of GDP at the start of the century, but has since slipped to 17th place
· Sinopec Unit to File for Arbitration Against U.S. LNG Supplier, Source Says
China International United Petroleum & Chemicals seeks arbitration against Venture Global over what it claims is a breach of contract for postponing delivery of shipments
· Five Insurer-Backed Asset Managers Cleared for ABS and REITs
Financial regulators launch pilot program in asset-backed securities and real estate investment trusts
· Cash-Strapped Retailer Suning Gets Another Bailout
Citic Trust and Huarong agree to pony up $685 million over 10 years to help revive the once-highflying Chinese company
· Chinese Police Offer Rewards in Hunt for Leaders of Myanmar-Based Telecoms Scam
Two men, both with Chinese mainland ID cards, have been identified by police as ‘key leaders’ in a telecom fraud syndicate
· In Depth: As China Sales Slump, Global Carmakers Tap Local Ventures for EV Catch-Up
Some doubt the partnerships — which foreign automakers were once forced to establish to access the China market — can level up from assembly to R&D
· Tech Insider: China’s Green Aerospace Plans, XPeng Suspends Supply Chain Chief
Nio moves into auto insurance, India arrests four in connection with money laundering probe into phone-maker Vivo, Didi’s self-driving arm secures $149 million state-backed investment
· China Targets Wrongful Verdicts in Commercial Property Cases
Supreme People’s Court forms task force aimed at better distinguishing between criminal business activities and purely commercial disputes in bid to support growth of private economy
· Weekly Must-Read: Silicon Carbide Chips Could Give Chinese EV Firms an Edge, With Beijing’s Help
Material can dramatically cut battery charging times and is backed by science, but comes at a high cost
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