China’s benchmark Shanghai Composite Index (000001.SH) gained 0.25% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.1%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.76% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.2%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Charles Li’s Micro Connect Sells New Loan Model to China’s Small Businesses
Borrowers must pledge percentages of sales to repay debt
· Xi, Biden to Meet on Sidelines of APEC Summit in San Francisco
The two heads of state are expected to discuss a range of topics including continued importance of maintaining open lines of communication
· 10 Key Takeaways From the Caixin Summit
The annual conference brought together business leaders, experts and scholars who offered key insights and various perspectives on pivotal China-related topics
· Weekend Long Read: To Understand China’s Labor Market, Look Beyond the Headline Unemployment Rate
The surveyed jobless rate fell to 5% in September, painting a promising picture, but the indicator needs to be complemented with other data to gain a comprehensive view of the labor market
· Former Head of Citic Bank Gets Death Sentence for Bribery
Sun Deshun, who was convicted of accepting $137 million in bribes over 16 years, was given a two-year reprieve after which the sentence will be reduced to life in prison
· China Eases Rules for Foreign Investors in Stocks and Derivatives
Draft regulations would drop registration and currency conversion requirements as part of efforts to make Chinese markets more attractive for investors
· Caixin Summit: China and U.S. Will Look to Steady Their Relationship at APEC Next Week, Expert Says
Flights, journalist visas, and consulate reopenings will likely be on the agenda as high-level Chinese and American officials prepare for the summit, says Scott Kennedy of the Center for Strategic and International Studies
· Caixin Summit: China Needs Expansionary Fiscal Policy to Drive Demand, Yu Yongding Says
There is ‘considerable’ macroeconomic policy space, given a relatively low government debt level, says the Chinese Academy of Social Sciences economist
High interest rates in developed economies are driving the broader use of the redback, Standard Chartered economist Becky Liu says
· Why Parts of China Are Sinking
Poor construction planning and excessive groundwater extraction are the primary causes of land subsidence, which has struck in dozens of cities across the country
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This article was generated by Caixin Automation.
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