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Shanghai Composite Index Fell 1.07% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.07% on Monday, while the Shenzhen Component Index (399001.SZ) fell 2.01%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.96%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Past and Present, East and West Come Together at Beijing Music Festival

As markets have opened up, technology has advanced and the economy has globalized, cultural and artistic exchanges are ever more essential, writes former Ministry of Culture official Li Hong

· Cover Story: How China’s EV Battery King Is Defending Its Throne

CATL keeps the pressure on upstart rivals with billions of dollars of investments while dramatically expanding its business footprint

· Chinese Tycoon Who Built Zhongzhi Enterprise Group Dies

Xie Zhikun, 61, who apparently suffered a heart attack while exercising, started a timber company in Heilongjiang and turned it into a financial giant

· HNA Units Under Investigation Linked to Embezzlement, Financial Misconduct, Sources Say

Shanghai-listed Hainan Airlines and HNA Infrastructure Investment disclose that China’s securities regulator is looking into each for suspected violations of information disclosure laws and regulations

· China Takes In 11.2% Less Fiscal Income as Power Shortage Tax Relief Bites

Central and local governments suffered third straight monthly revenue declines in November

· Weekly Must-Read: Yuan-Dollar Breakup, PBOC Warnings Signal Rocky Road for Currency in 2022

The yuan has had an unexpectedly strong 2021 as export growth and capital inflows have surged, and the central bank stopped intervening to halt appreciation

· Weekend Long Read: Former Chinese Central Banker on Solving Challenges to International Trade

Ex-PBOC Governor Zhou Xiaochuan breaks down China’s views on international trade reform, covering areas such as cyberspace governance, intellectual property rights and protectionism

· Hong Kong to Allow SPAC Listings Jan. 1

In joining the global rush to enable blank-check share sales, HKEX issues more-stringent rules than the U.S. and Singapore

· Developer R&F Pleads for Six Month Delay in Repaying $725 Million of Bonds

Real estate company’s credit ratings have been slashed amid ‘distressed restructuring’

· Xiaomi’s New Private Equity Firm to Invest in Smart Manufacturing

The new firm, with a registered capital of $172.7 million, will provide support for Hubei Xiaomi Changjiang Industrial Investment Fund

Click here to read more of the latest news.

This article was generated by Caixin Automation.

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