China’s benchmark Shanghai Composite Index (000001.SH) lost 0.55% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.31%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.38% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.83%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: China’s Sports Corruption Dragnet Casts Pall Ahead of Paris Olympics
An avalanche of corruption investigations is sweeping through the former top echelons of China’s sporting regulator, putting an uneasy focus on how the nation prepared its athletes for recent Games
· China Rolls Out New Rules for Online Sites to Curb Cyberbullying
New regulations require news websites and social media platforms to establish a system to identify and curb illegal or harmful online content targeting individuals, including insults, rumors and defamatory and discriminatory comments
· Ex-China Development Bank Top Executive Charged With Taking Millions in Bribes
Zhou Qingyu, former vice president of the country’s biggest policy lender, faced court for accepting almost 70 million yuan over a decade-long period
· Weekend Long Read: China’s Late Preeminent Mideast Scholar Hoped For ‘Dividends of Peace’
Yin Gang, a renowned expert on the Middle East at the Chinese Academy of Social Sciences died earlier this month aged 73, leaving a legacy of deep insights and advice on how Beijing can best navigate the complex region
· UBS Close to Selling Credit Suisse China Joint Venture to State-Owned Firm
BSAM steps in with stock swap and cash offer after Citadel was reluctant to sweeten offer
· Chinese Brands Intend to Triumph at Euro Cup 2024
European soccer tournament will see China’s largest advertising and marketing campaign yet
· Chinese Media Mogul Convicted of U.S. Election Interference Flies Off Into the Unknown
Qin Hui, who was found guilty of making straw donor political contributions, was released last month after completing his sentence and departed the U.S. for an unknown destination
· Cash-Starved Food and Beverage Brands Turn to Lender Founded by Former HKEX Chief
Smaller Chinese retailers looking to grow have raised $143 million through Micro Connect in less than a year
· China’s Top Financial Regulator Rotates Local Leadership in Ongoing Reshuffle
New leaders have been appointed to branches of the National Financial Regulatory Administration in Guizhou and Sichuan provinces, and sources say the same will soon happen to the Shaanxi branch
· China and New Zealand Agree to Expand Trade, People-to-People Exchanges
Beijing to offer visa-free travel for New Zealanders, Premier Li Qiang announces during visit
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This article was generated by Caixin Automation.
