China’s benchmark Shanghai Composite Index (000001.SH) gained 0.72% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.39%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 4.16% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.7%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Singapore and China’s Upgraded Relationship: What It Means
A slew of new pacts pave the way for more collaboration in areas from the Belt and Road Initiative dispute mediation to food safety and trade
· China Welcomes Japanese Foreign Minister’s Visit to ‘Manage Differences’
Yoshimasa Hayashi is making a two-day visit from April 1 and is expected to discuss the Japanese businessman detained on allegations of espionage
· Former Beijing Auto Group Chairman Probed by Capital’s Graft Buster
Xu Heyi retired from the top job about three years ago and no details were given in the statement from the Beijing Commission for Discipline Inspection
· Cover Story: IMF Chief Georgieva on How to Operate in World of Uncertainty
The fund’s managing director explains why central banks need to be nimble, regulators ought to be decisive, and China should hold fast to its green goals
· China Updates Rules on Securities Firms to Highlight Risk Control
Proposal would update regulations in line with China’s new Securities Law, which took effect in March 2020
· Brazil Joins China’s Drive to Boost Yuan’s Global Use
Banco Bocom BBM becomes first lender in South America to join China’s yuan cross-border payments system CIPS, weeks after ICBC’s Brazilian branch was appointed the country’s yuan clearing bank
· Bank of China Ex-Chairman Investigated for Alleged Corruption
Liu Liange was removed as BOC’s Communist Party chief in February and relinquished his position of chairman earlier this month
· Tech Insider: Alibaba’s Historic Split Into Six Units, BYD’s Net Income Quintuples
SenseTime to roll out ChatGPT rival, China’s short-video app users top 1 billion
· Beijing’s Ex-Health Chief Pleads Guilty to $1.5 Million Graft
Yu Luming accepted money and valuables for abusing his power in various former roles in the capital to help others obtain land use rights and hospital project contracts
· Opinion: Significance of Jack Ma’s Reappearance Should Not be Underestimated
Alibaba co-founder’s well-publicized visit to a local school signals a shift in China’s treatment of big tech
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This article was generated by Caixin Automation.
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