China’s benchmark Shanghai Composite Index (000001.SH) gained 0.08% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.41%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.7% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.46%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· A Tale of Three Cities Fighting Omicron Outbreaks
Shanghai steps up control with precision; Shenzhen tries to strike a balance; and Hong Kong conducts a painful turnaround
· Cover Story: China’s Covid Response Calibration
As omicron variants spur China’s worst flare-ups since 2020, policymakers move to tweak the largely successful Zero-Covid strategy
· Hong Kong Can Return to Normalcy by July If ‘Barrier of Immunity’ Is Built, Government Advisor Says
The city can also largely reopen its borders when 95% of residents have received their first dose of a Covid vaccine, according to top epidemiologist Yuen Kwok-yung
· Hong Kong Can Return to Normalcy by July If ‘Barrier of Immunity’ Is Built, Government Advisor Says
The city can also largely reopen its borders when 95% of residents have received their first dose of a Covid vaccine, according to top epidemiologist Yuen Kwok-yung
· China Reports First Covid Deaths in More Than a Year
The country recorded 3,870 new cases amid the worst outbreak since the early days of the pandemic
· Weekly Must-Read: The Seven Factors That’ll Shape China’s Economy This Year
The government is prioritizing infrastructure spending as well as tax refunds and cuts for businesses to boost growth
· Weekend Long Read: Why Land Sales Are Crucial for Local Government Coffers
GDP-based performance assessments gave local officials an incentive to pursue growth by any means necessary, and income from the real estate sector came in handy
· China Defends Dynamic Zero-Covid Approach Amid Flare-Up
Top health officials reject speculation China is about to ease its containment strategy, arguing that stringent virus-control measures have been effective
· Xi Jinping Calls for China and U.S. to Share Responsibilities for World Peace
In video call with American President Joe Biden, the Chinese leader says Russia-Ukraine war ‘isn’t what we want to see’ and urges open U.S.-Sino communications
· Analysis: Local Authorities’ Blind Spots Highlight China’s Delicate Covid Balancing Act
As authorities across China come under pressure to wipe out Covid-19 in their area, individual rights are being trampled, from the daily commute to medical emergencies
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This article was generated by Caixin Automation.
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