China’s benchmark Shanghai Composite Index (000001.SH) gained 0.4% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.67%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.7% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.87%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Didi’s Rocky Road for Moving Its Stock to Hong Kong
Ride-hailing giant may have to take unprecedented steps to shift trading from New York with no easy options available
· Guangdong Cities Urge Residents to Use Less Water Amid Record Drought
Shenzhen says it will experience a major shortfall this winter, as rainfall in Dong river basin is lowest in nearly 60 years
· Remembering Era-Defining Newspaperman Zuo Fang, Founder of Southern Weekly
Zuo felt a deep need to advance scientific and democratic enlightenment, writes his successor Jiang Yiping
· Credit Ratings of Over a Dozen Chinese Property Firms Withdrawn Amid Crisis
Loss of ratings will weaken real estate developers’ ability to get financing through global bond markets, industry insiders and analysts say
· Weekly Must-Read: China Dusts Off Proven Playbook After Evergrande Default Warning
Hint of default after long-running debt struggle prompts provincial government to send in a working team and top regulators to pledge coordinated response
· Weekend Long Read: Why China Needs Charm in a Multipolar World
Former Singaporean Foreign Minister George Yeo argues it is in China’s interest to master the art of charm in its relations with other countries
· China Sets Stability as Top Priority for Next Year’s Economic Work
Annual conference on economy cites ‘triple pressure’ of contracting demand, supply shocks and weakening expectations amid increasing external uncertainty
· China’s Capital Offers Free Online Tutoring to Middle Schoolers Amid Education Crackdown
The Beijing city government’s move is aimed at meeting the demand for supplemental education in the wake of sweeping restrictions on private companies
· Chinese Banker Who Fled to Canada Embezzled Millions Via Bond Trading
From 2008 to 2010, Bai Jing illegally netted more than 200 million yuan from transactions in 73 bonds
· Opinion: Don’t Underestimate Hong Kong’s Potential as a New Home for U.S.-Listed Chinese Stocks
Many of the market’s drawbacks could be lessened if some big-name companies are only traded in the city
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This article was generated by Caixin Automation.
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