China’s benchmark Shanghai Composite Index (000001.SH) gained 0.88% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.1%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.17% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.22%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: How Bad Is China’s Manufacturing Exodus?
While disruptions from pandemic controls threaten to add impetus to the outflow, China retains tremendous advantages over India and Southeast Asia
Chinese entrepreneurs, professionals and their families are moving to the Southeast Asian country in droves
· China Regulator Issues Draft Rules for Private Pension Investment Products
Beijing is in a race against time to provide financial security for its ballooning elderly population
· IFC Provides $150 million Blue Syndicated Loan to Bank of Qingdao
The loan will be used to fund sustainable fishery, waste and water treatment and plastic management projects
· Weekend Long Read: How to Mend a Deepening Rift in China-U.S. Science Cooperation
Marred by geopolitics, science collaboration has been in decline since the launch of the Trump-era ‘China Initiative,’ with the number of scholars declaring dual affiliations down by an estimated 20% over three years
· Ping An Securities Hit by Business Ban for Leshi Sponsorship
Brokerage arm of insurance giant draws three-month IPO suspension for its role in the 2010 share sale of the scandal-plagued LeEco unit
· Ant-Backed MYBank Cleared for Share Placement Plan
Existing stockholders would pour in an undisclosed amount of new capital as the online lender moves to expand its business targeting agricultural and small enterprises
· Analysis: What’s Next for China’s Generic Drug Industry?
Following a frenzy of innovative development, drugmakers led by Hengrui and Henlius rediscover the low-investment, stable-return generic medicine business
· Trending in China: Sympathy for Family Kept Away From Hospital by Covid-Control System
Father and daughter were detained for fighting with police who held them up over their digital health codes
· China to Reinforce Law With Exit Ban on Telecom Fraud Suspects
A new provision allows authorities to stop suspects from leaving the country as shared border areas in Southeast Asia have become hotbeds for such crimes
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This article was generated by Caixin Automation.
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