China’s benchmark Shanghai Composite Index (000001.SH) gained 0.07% on Monday, while the Shenzhen Component Index (399001.SZ) fell 1.02%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.46% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.66%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: How Nickel Turmoil Exposed the LME and China’s Tsingshan
Chinese Fortune 500 metals giant lost billions on sale contracts as the 145-year-old London Metal Exchange failed to manage unprecedented volatility
· Shanghai Hits a New High in Daily Covid Cases
On Friday, the Asian financial hub reported 38 confirmed local infections and 2,231 asymptomatic cases
· Public Road Testing for Advanced Smart Vehicles Hit 5,000 Kilometers Milestone
The road testing for ‘intelligent connected vehicles’ is part of a broader smart city plan, which applies a variety of intelligent infrastructures, including 5G, big data and artificial intelligence
· Weekly Must-Read: The Rise of the China-Focused Private Equity Giant Hillhouse
From its founding with money from Yale, the company has grown to manage tens of billions of dollars of assets
· Weekend Long Read: Japan’s Ancient Capital Sinks Into Financial Distress
Mismanagement, political deadlock and an aging population are putting Kyoto’s coffers under increasing strain
· Yuzhou Seeks Government Bailout on $548 Million of Bonds
Cash-strapped Chinese builder in talks with state-backed investors for breathing room with debts coming due next month
· Former China Railway Czar Sheng Guangzu Under Graft Probe
Retired executive was first chief of China Railway Corp. after serving as head of the now-defunct Ministry of Railways
· Caixin Explains: What’s Holding China and U.S. Back From Resolving Their Audit Regulation Deadlock
Firms including Alibaba, Pinduoduo and Baidu are among the 200-plus firms caught in the long-running audit dispute between finance officials in the world’s two biggest economies
· Energy Security Vies With Green Goals in China’s New Five-Year Plan
The latest roadmap for the energy sector offers big boosts of support for hydrogen and nuclear, and forgoes any cap on coal
· Tech Insider: DJI Replies to Kyiv Criticism, Weibo’s Washington Warning
DingTalk launches paid versions, China Mobile backs off on 5G spending
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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