China’s benchmark Shanghai Composite Index (000001.SH) lost 0.93% on Monday, while the Shenzhen Component Index (399001.SZ) fell 1.54%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.91% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.62%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: China’s Power Market Reform Poised to Level Up as Renewables Plug In
While solar capacity has exploded, it’s contribution to the nation’s overall electricity generation has lagged badly, posing challenges for its inclusion in the nascent power trading market
· Vanke-Linked Firm Sells Most of Its Stake in Shanghai Mall to Singapore Wealth Fund Unit
SCPG Commercial Property Development & Management sold the 48% stake to Reco Yiyuan, a GIC subsidiary, retaining just 2%
· Commentary: Tragedy Shines Light on Financial Strain of China’s Young High-Flyers
The rumored suicide of a young employee of a top-tier securities brokerage has netizens puzzling over how such a seemingly successful life could have become so terribly derailed
· Freed Prisoner Seeks $5.2 Million Compensation for Wrongful Conviction
The application comes six months after Li Jin was acquitted of all charges including robbery and murder
· Guangzhou Urban Renewal Program Offers Shanty Town Dwellers New ‘House Tickets’
Pioneer compensation policy provides flexible options for urban villagers forced to move
· Former Chinese Banking Regulator Ensnared in Graft Crackdown
Liu Feng, an ex-secretary-general of the China Banking Association, is being investigated for suspected corruption
· Pony.ai, SAIC Motor Get Green Light to Operate Unmanned Robotaxis in Shanghai
Companies including Pony.ai and SAIC have announced they will offer services in the city
· China Raises Regulatory Bar for Short-Films to Be Screened Abroad
Under new rules, Chinese short-film makers planning to present their work at overseas festivals will need to register with domestic authorities in advance
· Lidar-Maker Rejects U.S. Allegations of Chinese Military Ties
Hesai Technology was added to a defense department list of companies believed to be linked to China’s military
· Deadly Philippines Kidnapping of Chinese Was ‘Meticulously Planned’
Friend describes how two medical executives were lured to Manilla, tortured and killed. Those responsible are still free
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This article was generated by Caixin Automation.
